Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Altcoin Discussion
Re: Reality of tokens
by
Vishnu.Reang
on 16/11/2019, 05:24:05 UTC
Quote from: HammadAli on October 14, 2019, 06:01:57 PM
So regarding the fact that what it takes to create a token for example an ERC 20, i ahve found a gig on Fiverr.
Check the link.
https://www.fiverr.com/wedowo/create-your-ico-website-and-erc20-token?context_referrer=search_gigs&source=top-bar&ref_ctx_id=34a69322-cdbf-40a4-98e6-b9f51a1be52f&pckg_id=1&pos=3&context_type=auto&funnel=657f18cb-30b9-4ede-a7f7-139b402768ed

Seller is creating an ICO website as well as the token for just 50$. So your basic invetsment is 50$, Now you just need to do marketing by just making a telegram group and launching a scam bounty scheme and give members greed to give 10% commissions. And you are ready to scam people.
People choose these scammers to scam them and thats all. Not saying that all of the tokens are of this type but most of them are of indeed.

The irony is that even now we have people who are ready to invest in these scam ICOs. The number of ICOs listing every month has fallen by 90% to 95% when compared to the levels we had in 2018. But even now, the majority of the ICOs look scams to me. First of all, it is the careless investors who are feeding these scammers by continuing to invest.