The success of NOT coin, a telegram mining token, has led to a surge in participation of younger individuals in my community and online who have little knowledge of blockchain technology and cryptocurrency. It's both exciting and concerning to see them jump into mining tokens on telegram without any understanding of the technology behind it. Some seem more interested in quick profits rather than learning about this growing industry.
Their constant questions about when mining will end and how to sell tokens make it seem like blockchain cryptocurrency is just a way to get rich quickly. While I initially saw these trends as a positive sign of crypto adoption, I now worry that it's diminishing the value of being known as a legitimate crypto investor, as more and more individuals claim to be involved in cryptocurrency without truly understanding it.
NFT was like this, hell even DEX projects were like this as well. A few of them did very good, and because of that people made a thousand more of them basically similar, to make some money. You need to realize that there are some people out there who are trying their hardest to make as much money as they possibly could, and that's the reason why we are seeing all of these. I am not saying that we should let them be, but it's easy to see who these people are.
Usually those projects have very low effort, and they just try to make money from the hype and copy paste the successful ones. Look at the NFT world, some stuff like apes and what not made some money, and then a million others tried to copy it, same will happen here as well.