Quote from: nimogsm on Today at 12:12:31 PM

Quote from: RedsIsBlues on June 29, 2021, 09:28:04 AM

This days there are so many tokens appearing with a very large total supply, tokens like this are often called "Shit-coin/shit-token".
Many people say that this benefits the crypto world, but there are also those who say that it actually make the crypto world looks bad.

What do you guys think about this issue ?

They bring profit and benefit only to the creators of such projects and to the industry. in general, they have a negative impact, such tokens only litter blockchains and there is no use for different information monitoring. Every day dozens of such projects appear and they are all completely the same, only the names are different)

Big part of those shit projects impacted negatively, once newcomers got victimized they will look into this venue as a whole as scam business.

Only those developers and the people behind that will earned a lot, those late comers will surely lose their money, taking
part with scam project is really a pain in the ass.

Best not to encourage this kind of project and invest alone with projects that have solid foundations.