Although I agree with your points but I'd like to add that the main way of scamming people in the altmarket is not disguising a token as a coin, most people already don't understand the difference or care
They do not care what they bought or will spend money to buy, even project names, token tickers are not important with them. They can buy a token without knowing a project website, whitepaper (whitepaper of shitcoin is useless, plagiarism and full of lies), whatever or they even ask for someone to buy it on behalf of them because they don't mind to research and find basic information.
it is by telling them the garbage they are buying is "useful" has "potential" or sometimes weird things like "it is replacing bitcoin".
Shitcoin projects polish their white paper, roadmap with so many attractive words to catch investors as their projects are game-changers, will change the world, blockchain industry, Bitcoin killers, ...
In the market, those projects don't kill anything, are not Bitcoin killers, but investor killers.
Examples of coins are: ~ Ethereum, Ethereum Classic,~
These are not exactly coins either. The technical term used for ether is "smart contract fuel".
[/quote]
Their smart contracts are not smart. Those contracts were hacked many times and they are fuel for scammers to do their jobs. I would prefer to call them as Scam contracts.