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Showing 14 of 14 results by LemonMaker
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Board Altcoin Discussion
Topic OP
Questions on tokenomics (reflections, burning)
by
LemonMaker
on 26/06/2021, 12:38:48 UTC
Newbie here.

I know some tokens have reflections as part of their tokenomics, which for holders is good because we get more tokens every transaction, right?
Is high reflection rate always good because that sounds too good to be true.

Same with token burning. If I understand correctly token burning will increase token price, but what's the downside of that?

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Board Altcoin Discussion
Topic OP
Some BSC influencers you follow for price signals?
by
LemonMaker
on 24/06/2021, 11:36:32 UTC
Any twitter/tiktok/instagram influencers you follow to get insights or find knew tokens worth buying?

Not those with fake followers and retweets but legit sphere of influence.
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Board Altcoin Discussion
Topic OP
How do you make your HODL or dump decisions?
by
LemonMaker
on 22/06/2021, 06:53:33 UTC
I've been holding this token called 'SUBX' for a while now, maybe a month. Quite a big bag of it. I'm not sure if I should continue holding or let go and take what i have.

I believe in the project, but it hasn't been doing well in terms of price.
Utility wise, they already have 4 apps released and doing work with universities so I am confident it won't be a rug pull.
Reflections are delicious and community is nice.

But whales that bought during presale got impatient and left, and with the market bleeding past few weeks the price is slowly declining. Team says they are looking long-term with real utility (which they do deliver) but that doesn't directly relate to price does it?

Some words of advice would be really good. Thanks.
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Board Altcoin Discussion
Topic OP
Is this a bad time for altcoins?
by
LemonMaker
on 14/06/2021, 07:39:51 UTC
Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?
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Board Altcoin Discussion
Topic OP
What is a bounty manager?
by
LemonMaker
on 12/06/2021, 09:41:10 UTC
In some of the threads I'm following lots of users mention the word "bounty campaign" or "bounty manager" which is a term I've never heard before. Is it something similar to a marketing campaign?
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Topic
Board Altcoin Discussion
Topic OP
Is shilling effective in the crypto community?
by
LemonMaker
on 11/06/2021, 09:47:49 UTC
I mean it would depend on what platform and all i suppose, but the devs of the project I'm in does lots of "coordinated shilling", things like raiding a telegram chat or commenting on twitter posts.

I really don't know how effective they are? What is the main marketing in crypto anyways?
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Board Altcoin Discussion
Topic OP
What are some long term projects for holding?
by
LemonMaker
on 11/06/2021, 08:46:04 UTC
I'm new to this whole thing and recently I've realised that too many projects are volatile and not trustworthy.

Any suggestions for tokens that are more trustable and worth holding for 6 months and more? I will do my own research of course.

(not those spam shilling messages please idk how common they are here)
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Topic
Board Altcoin Discussion
Re: How do I know if an altcoin is a scam?
by
LemonMaker
on 09/06/2021, 09:31:37 UTC
I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?
Roughly speaking for now there is no way to know the altcoin or token you got/buy from the project is a scam, except: You check all the origins of the project in detail before you make a decision to join or buy tokens to become an investor, it's a long process.

Suggestion:
If you want to get altcoins/tokens from projects/bounties, at least you can see the manager who manages the bounty who has a good reputation or not in this forum, at least it can have a good chance of tokens/Altcoins in the market and also the team involved in the project.

With advice like that at least, you are a bit spared from Altcoins / tokens that lead to scams, because managers who have a good reputation will assess the Altcoins/tokens/teams involved in the project carefully, before they make a decision to promote the project in this forum.

Note:
What I tell you does not guarantee 100% that you will avoid scams, sometimes managers can also be tricked by the company after they successfully promote their project, but good reputation managers at least they do Escrow, for guarantee.

Hey man thanks for the suggestion. Can they be a scam even though they are doxxed and LP is locked? They also had AMAs and i think backed by some advisor in VC.
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Topic
Board Altcoin Discussion
Re: How do I know if an altcoin is a scam?
by
LemonMaker
on 09/06/2021, 08:39:31 UTC
~ if its a real 100x token?
Did the team tell you that the token will give you 100x return? If so, that is already a red flag on its own. I would completely avoid it or just spend 1% of my portfolio if I feel like gambling on new or micro cap projects.

They didn't say 100x but the dev did say 1b in 6 months was the plan. Is that considered high?

Also they are backed by some important person from Quest Ventures, idk if that is faked or not. I found it here: https://startupboost.app/about-us/

But damn.. this community is super helpful. Thanks guys...
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Board Altcoin Discussion
Re: How do I know if an altcoin is a scam?
by
LemonMaker
on 09/06/2021, 08:29:15 UTC
As long as you add more information about the project you mentioned, people here will help you, but I have these thoughts about
I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?
do you understand it?
do you have faith in it?
....
There are a lot of factors that I'm sure you don't really understand, so for a newbie, I think they need time and money to experience new things, advice is considered superfluous because most new entrants don't like to listen to the opinions of their predecessors.

That will be super helpful... The ticker is "SUBX". Its supposed to help startups grow by providing some apps and products.

Website:
https://startupboost.app/

Contract:
https://bscscan.com/token/0x5232152c8207653aeda5baa0ff7fb1046c23c753#balances

New "app" they releasd:
https://community.startupboost.app/

I honestly think this is not a scam but I've been burnt by some other presale rug-pull before and I already have about 2k here. What do you think?
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Topic
Board Altcoin Discussion
Re: How do I know if an altcoin is a scam?
by
LemonMaker
on 09/06/2021, 07:57:18 UTC
Although this was posted almost a year now, I think you can still learn some of the fundamentals and parameters to assess if the token will turn out to be a scam or not. It's a compilation of guides that you can read and it may take you a while to learn the patterns of what a scam project does.

Collection of comprehensive guides on identify and avoid scam projects

Just a heads up, even if the project has something nice to offer to the public, it doesn't mean that they will be always truthful to their investors all the time especially now where the market has turned upside down. I would rather use them to "degen trade" instead of falling in love with these altcoins that pop out of thin air during the bullish season.

Super helpful... thanks! One more question – what is "degen trade" and how long should I wait in a dip before pulling out?
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Topic
Board Altcoin Discussion
Re: How do I know if an altcoin is a scam?
by
LemonMaker
on 09/06/2021, 07:24:04 UTC
First answer yourself what makes you feel why they are scam. Maybe the answer is obvious.
Check their team and previous experience. If they are new or no-names, I would start to be suspicious. How can a developer has nothing do display on public and promise success?
Check what they offer or are developing? Is this something new? Or another swap/exchange/dog (or other animal) related project? There are thousands of them already. They cant make 100x.
Think about benefits they offer for investors. Isnt it sounds to sweet? Remember, there are no easy and quick money in cryptocurrency, at least anymore.

Well its the chart that's been dropping i think there was a whale that left last night. The entire team is doxxed and they did AMAs and apparently they're a registered company? I'm not sure if that prevents them from doing rug-pull. Doesn't seem like another dog coin to me... there's a 3% reflection for all holders that's it i think.
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Board Altcoin Discussion
Re: How do I know if an altcoin is a scam?
by
LemonMaker
on 09/06/2021, 07:15:14 UTC
Is one month considered a "new project"? These guys seem legit man and I've put in quite abit to pull out now.
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Board Altcoin Discussion
Merits 1 from 1 user
Topic OP
How do I know if an altcoin is a scam?
by
LemonMaker
on 09/06/2021, 07:04:35 UTC
⭐ Merited by Ratimov (1)
I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?