Post
Topic
Board Altcoin Discussion
Re: Most altcoins are fake (wakanda)
by
justdimin
on 17/05/2023, 06:34:32 UTC
There aim is to steal people's Bitcoin so they can have more Bitcoin to profit from when the bull market comes. Most altcoins are created because the founders know people are looking for the next tending project to invest into. Wakanda Inu had a good version but the founder had other plans.
Enough money wasn't used to market wakanda inu like other memecoins that millions were been used for the marketing of the project. Coins like Shiba Inu used millions for their marketing and that's why they're very popular today. Wakanda inu founders made alot of money but didn't care about the community.
They abandoned the project and that's what made many investors lose money for investing into the project. If wakanda inu wants to survive they need rebranding and have to disassociate themselves from the Inu trends or they'll be seen as another scam project looking to profits from the name.
Unfortunately this is the truth and we have to learn to live with it. I know that developers are trying to make money from people and we are just getting the short end of it. A lot of people funded a lot of projects and got nothing in return and we have to realize that it is not going to be a good thing to handle this.

We are going to end up with a lot more and people will not learn from their mistakes and they will keep on funding new projects with the hopes that the new one will be better and not scam them but almost all of them will. These are all fake stuff that will make only the developer richer and nobody else, which is why I believe that we can't really do anything that will help anyone at all.