Quote from: vv181 on February 25, 2022, 08:15:40 AM

Quote from: Daodex on February 25, 2022, 06:30:07 AM

Almost everyone I knew now creates their own tokens Grin

these guys aren't even crypto developers to begin with, they have no coding experience or knowledge now this makes me worry, imagine how many crypto tokens that are created by inexperienced personal, I think we need to buckle up for there will be huge rain of scam tokens upon us than what we've seen before...... Sigh! I wish that only few qualified people knew how to build blockchain projects.

Where have you been? It's been happening since a long way ago, and it does decrease in any sensible way. Back then people are creating useless shit-token in the name of ICO, and now Defi and party NFT.

There is no way to decrease such utter coins/tokens to keep popping up in this space, the ecosystem is built to make people able to build whatever they want. The problem is such ignorant people believe that the utopian of the token utility is going to happen while in fact, the majority of them are built only to scam.

If majority of the people in the market will always be profit centered, expect that there will always be crypto developers who will keep on creating tokens without real utility cases. And there will always be victim of scams that will always complain in the market. However, if all those buyers choose to educate themselves first about the coins they plan to buy, and not just buying without making DYOR, the creation of useless tokens will be reduced, and scamming will be lessen.