- Nov 26, 2018
- Reaction score
So, two instances of this I saw today on CryptoMoonShots. If you want to see how marketing complete scam coins is done, visit CryptoMoonShots and sort by New. If you don't know what CryptoMoonShots is, just Google it. Not going to direct link.
- The first scam almost got me because of Fear of Missing Out (FOMO). The best way to make a quick buck with these shit coins is to be one of the first to buy when they first hit the market. Even if they are a complete scam, you can still often make money as long as you get out early enough. Of course, there are ethical considerations, but such is life. Almost everyone else is looking to do the same thing as you. So, I saw a new post, and the project looked amazing. Fully developed website, thousands of Twitter followers, active Telegram, and the project actually seemed to have a real long-term goal.
I check out the details on PooCoin and bscscan to see if I am early enough: Brand new, less than 40 holders. This is it, a true 100x-1000x. I decide to be extra safe, I will copy the contract address directly from the website (and not from CryptoMoonShots). Hmm, can't find the address. OK, I will grab it from their Twitter. Hmm, can't find the address. OK, I will grab it from their Telegram. Hmm, can't find the address. Well, I know I am early, but not THAT early. Something doesn't add up.
So after further research, I realize someone just created a token with the same name as this project, and the real project has not even launched its token yet.
- The second bit of drama I got into involves a YouTuber launching a token with the same name as another token. The YouTuber is still pretty small, just under 2,000 subscribers. I don't fully understand the situation yet, but the comment section is very interesting. I actually bought this one for fun, a very small amount. The YouTuber is accusing the first team of rug pulling... but why would he copy the name of a project that rug pulled? That seems like the project is destined for the garbage bin. I am banking off some drama making YouTube recommend this video because of an active comment section. I think I got in a few hours too late, but we will see. It is easier if you just check out the comment section of the video yourself (again, this token is probably trash from the start, because nothing about it makes any sense).