Don't trust easily all BSC tokens

[enwi]

In a situation like this, it will be difficult for us to trust new projects because they have high risks, and you are right to say that, and it has been proven a lot, and you really have to analyze well to be able to trust., Agree, that all networks can always be fraudulent, Indeed, the ones that are usually the most are the networks that are often used for new projects, and indeed Binance is the most, but it does not rule out the possibility of TON and SOL too because many meme coins grow from there.

I agree with you that, with the increased number of new projects, a question rises as to which project is real genuine and which one is an attempt to make a quick buck. Indeed, many project can be found on Binance home base but it is also starting to show clearly in these two coins which where still greatly impacted by the growth in meme coins. Of course, there are fears in connexion with various scams appearing on different networks, and such cases have been many. All people involved in the crypto space must be more careful to avoid falling for mere schemes that may entice them to invest in poorly established projects. Basically, trust in the crypo world is not a thing that could be delegated but earned based on the analysis and experience on the market.

[debra]

In a situation like this, it will be difficult for us to trust new projects because they have high risks, and you are right to say that, and it has been proven a lot, and you really have to analyze well to be able to trust., Agree, that all networks can always be fraudulent, Indeed, the ones that are usually the most are the networks that are often used for new projects, and indeed Binance is the most, but it does not rule out the possibility of TON and SOL too because many meme coins grow from there.

I agree with you that, with the increased number of new projects, a question rises as to which project is real genuine and which one is an attempt to make a quick buck. Indeed, many project can be found on Binance home base but it is also starting to show clearly in these two coins which where still greatly impacted by the growth in meme coins. Of course, there are fears in connexion with various scams appearing on different networks, and such cases have been many. All people involved in the crypto space must be more careful to avoid falling for mere schemes that may entice them to invest in poorly established projects. Basically, trust in the crypo world is not a thing that could be delegated but earned based on the analysis and experience on the market.

We have found this kind of pattern since the Ethereum blockchain network was still booming or hype. Of course, there are many developers or scammers who easily create new projects on the blockchain network. And in the end, they only focus on their own profits, not on the development of their projects.

Almost every day a new project appears and in the end it cannot survive or even be listed on any exchange. And unfortunately, there are still many people who are trapped by everything that happens like that.

And now, we are in the era of Solana and Telegram network. and here, we can find the same situation.

[Bobcrypto]

Yes, many tokens launched on the Binance Smart chain and several other blockchain networks are exposed to new start up projects scams, unfortunately, rate of scam of scam especially on meme coins may continue in my assements

Now, besides the influx of scams projects on the various blockchain networks, many investors are not ready to listen to investments advice even when it is obvious that scammers are on rampage on almost all the networks. I am still wondering if there may be solutions in near future.

[Uruhara]

Yes, many tokens launched on the Binance Smart chain and several other blockchain networks are exposed to new start up projects scams, unfortunately, rate of scam of scam especially on meme coins may continue in my assements

Now, besides the influx of scams projects on the various blockchain networks, many investors are not ready to listen to investments advice even when it is obvious that scammers are on rampage on almost all the networks. I am still wondering if there may be solutions in near future.

On the BSC network the number of new tokens is increasing rapidly. Moreover, meme coins seem to be quite trending on the BSC network. But if we can take advantage of the trend well, it can bring profits. It's just that the risk is also very high and we can experience losses in just a short time. I sometimes also try playing on meme coins but it's just hit and run. Because it is rare to find a meme token whose price can continue to rise. Because it usually only goes up at the beginning and then continues to go down. So you have to be careful. And I think for those who are not ready for the risk it is better to avoid it.

[LogitechMouse]

Yes, many tokens launched on the Binance Smart chain and several other blockchain networks are exposed to new start up projects scams, unfortunately, rate of scam of scam especially on meme coins may continue in my assements

Now, besides the influx of scams projects on the various blockchain networks, many investors are not ready to listen to investments advice even when it is obvious that scammers are on rampage on almost all the networks. I am still wondering if there may be solutions in near future.

Scams are everywhere. There are many meme coins that are being created on different platforms on a daily basis. What I believe is that, if you're investing in new projects and if that's a meme coin, the chances of you losing money to it is close to 95%.

If you're a newbie investor or just an investor in general, just don't invest into new meme coins whether it's from Solana, or from BSC. If you're not ready to lose money, don't invest into these kinds of tokens. It would be better if you will just focus on the top coins already or maybe those at the top 100. I mean in that way, the reward is lesser, but the risk is bearable as well.

[enwi]

Yes, many tokens launched on the Binance Smart chain and several other blockchain networks are exposed to new start up projects scams, unfortunately, rate of scam of scam especially on meme coins may continue in my assements

Now, besides the influx of scams projects on the various blockchain networks, many investors are not ready to listen to investments advice even when it is obvious that scammers are on rampage on almost all the networks. I am still wondering if there may be solutions in near future.

Scams are everywhere. There are many meme coins that are being created on different platforms on a daily basis. What I believe is that, if you're investing in new projects and if that's a meme coin, the chances of you losing money to it is close to 95%.

If you're a newbie investor or just an investor in general, just don't invest into new meme coins whether it's from Solana, or from BSC. If you're not ready to lose money, don't invest into these kinds of tokens. It would be better if you will just focus on the top coins already or maybe those at the top 100. I mean in that way, the reward is lesser, but the risk is bearable as well.

Each day, it is as if the crypto world is a unplough field that goes on sowing new seeds but the fruits which are produced are not always trees. Sometimes there is an illusion that behind such fantastic numbers, which go to the billions, there seem to be real people who lost everything because they were in a hurry and did not realise what they were grabbing. We have been sold dreams and tales of quick riches, and do not spare a moment to ask for whom? It is not surprising that a large percentage of new tokens are created for just only one use and that is to milk money from the fascination and naivety of peoples in the world of cryptocurrencies. There is more baggage there, that is why the instruments which have been around for quite a time may not seem as sensational as the ones entering the market but there are more objective opportunities there. We are not competing for speed, but we select what we want to preserve as essential to preserve our profit margin securely.

[Mr. Magkaisa]

You know, thieves are floating around in crypto seeking for someone to grab their money. Don't trust easily the so called "new project on BSC platform." Scammers are everywhere from ERC20 and BSC and so on.

Be careful not to give in to realistic/unrealistic platform copycat with ugly project background. To research is a must. Don't be in hurry to invest without knowing first. Take care of your money. Much better to go with the flow where the professional team manage the project with realistic goal and use case.

BSC did not promised the zero scam project. Be cautious.

-     All of what you mentioned is correct, and with so many utility coins under the BSC network, we can't help but do some due diligence on the coins that will interest us.

Of course, we need to know this first before deciding to buy these assets that we think have potential in the future. Because crypto asset scams are really widespread, and we shouldn't fall for them. But let's be even more vigilant so that we don't fall victim to scammers, especially in this era of the bull run.

[JISAN]

You know, thieves are floating around in crypto seeking for someone to grab their money. Don't trust easily the so called "new project on BSC platform." Scammers are everywhere from ERC20 and BSC and so on.

Be careful not to give in to realistic/unrealistic platform copycat with ugly project background. To research is a must. Don't be in hurry to invest without knowing first. Take care of your money. Much better to go with the flow where the professional team manage the project with realistic goal and use case.

BSC did not promised the zero scam project. Be cautious.

-     All of what you mentioned is correct, and with so many utility coins under the BSC network, we can't help but do some due diligence on the coins that will interest us.

Of course, we need to know this first before deciding to buy these assets that we think have potential in the future. Because crypto asset scams are really widespread, and we shouldn't fall for them. But let's be even more vigilant so that we don't fall victim to scammers, especially in this era of the bull run.

The entire crypto market has lost its normal momentum. At one time, everyone trusted exchangers like Binance and everyone freely invested in the coins listed here. Now all kinds of shit coin listings have started here too. Investors also lose huge amounts from the coins that people like CZ support. Such as TST, MUBARAK and many more. These coins are on the bsc network. So investing in any coin is risky, be it bsc or others. In this case, bsc network cannot be blamed at the outset.

[lombok]

You know, thieves are floating around in crypto seeking for someone to grab their money. Don't trust easily the so called "new project on BSC platform." Scammers are everywhere from ERC20 and BSC and so on.

Be careful not to give in to realistic/unrealistic platform copycat with ugly project background. To research is a must. Don't be in hurry to invest without knowing first. Take care of your money. Much better to go with the flow where the professional team manage the project with realistic goal and use case.

BSC did not promised the zero scam project. Be cautious.

-     All of what you mentioned is correct, and with so many utility coins under the BSC network, we can't help but do some due diligence on the coins that will interest us.

Of course, we need to know this first before deciding to buy these assets that we think have potential in the future. Because crypto asset scams are really widespread, and we shouldn't fall for them. But let's be even more vigilant so that we don't fall victim to scammers, especially in this era of the bull run.

Yes, being careful in reading the situation is something we have to do and, therefore, it is valuable. People take opportunities without uttering anything, just in order to follow the crowd or to chase the buzz. You are not irresponsible as you tend to disobey the guidelines and seek a justification before taking an action; this shows you do not wish to be like other people who do not take their time to learn their lessons. Whenever things are going well then that is when the materially gained knowledge, or should I say the common sense is exercised. It is also interesting that you approach things not just with assumption, but with your solid process of coming to terms with evidences. This is not only good for you as an individual but it may also be beneficial in cases where other individuals out there are still in a state of confusion as to which offers coming so fast appear to be the best thing to invest in.

[yohananaomi]

You know, thieves are floating around in crypto seeking for someone to grab their money. Don't trust easily the so called "new project on BSC platform." Scammers are everywhere from ERC20 and BSC and so on.

Be careful not to give in to realistic/unrealistic platform copycat with ugly project background. To research is a must. Don't be in hurry to invest without knowing first. Take care of your money. Much better to go with the flow where the professional team manage the project with realistic goal and use case.

BSC did not promised the zero scam project. Be cautious.

-     All of what you mentioned is correct, and with so many utility coins under the BSC network, we can't help but do some due diligence on the coins that will interest us.

Of course, we need to know this first before deciding to buy these assets that we think have potential in the future. Because crypto asset scams are really widespread, and we shouldn't fall for them. But let's be even more vigilant so that we don't fall victim to scammers, especially in this era of the bull run.

The entire crypto market has lost its normal momentum. At one time, everyone trusted exchangers like Binance and everyone freely invested in the coins listed here. Now all kinds of shit coin listings have started here too. Investors also lose huge amounts from the coins that people like CZ support. Such as TST, MUBARAK and many more. These coins are on the bsc network. So investing in any coin is risky, be it bsc or others. In this case, bsc network cannot be blamed at the outset.

Indeed, time also cannot prevent the emergence of many useless coins, because many new projects emerge from there and are eventually found to be useless and take advantage of the greatness of good exchangers to finally get involved in them, but we are given to find out whether the coin will be useful or not by always analyzing it well and not trusting it completely.

[ZAINmalik75]

Yes, many tokens launched on the Binance Smart chain and several other blockchain networks are exposed to new start up projects scams, unfortunately, rate of scam of scam especially on meme coins may continue in my assements

Now, besides the influx of scams projects on the various blockchain networks, many investors are not ready to listen to investments advice even when it is obvious that scammers are on rampage on almost all the networks. I am still wondering if there may be solutions in near future.

In my opinion the rate of people getting scammed from investments in memecoins, alts has been decreased if we only take rugpull scams into accounts because people are smart enough now they don't just invest in any memecoin they find highly profitable and convincing. Mostly people scammed via rugpulls when they trusted some influencers and those influencers did them dirty.

For this there can never be a solution because it is defi not centralized, and anyone can list project and the founder of bsc blockchain won't even realize it exists.

[alltalk]

Indeed, time also cannot prevent the emergence of many useless coins, because many new projects emerge from there and are eventually found to be useless and take advantage of the greatness of good exchangers to finally get involved in them, but we are given to find out whether the coin will be useful or not by always analyzing it well and not trusting it completely.

Of course, time can't do it. We must do it ourselves, we can avoid the scam tokens. Since we already saw too many useless coins in BSC network, we must understand that we don't easily buy the new coins/tokens in BSC network. It is better to buy the trusted projects that already survive for a long time. Choose the projects that can continue to develop and the prices of their coins/tokens raise. We must know this if we do certain analysis/research.

[doc]

Yes, many tokens launched on the Binance Smart chain and several other blockchain networks are exposed to new start up projects scams, unfortunately, rate of scam of scam especially on meme coins may continue in my assements

Now, besides the influx of scams projects on the various blockchain networks, many investors are not ready to listen to investments advice even when it is obvious that scammers are on rampage on almost all the networks. I am still wondering if there may be solutions in near future.

In my opinion the rate of people getting scammed from investments in memecoins, alts has been decreased if we only take rugpull scams into accounts because people are smart enough now they don't just invest in any memecoin they find highly profitable and convincing. Mostly people scammed via rugpulls when they trusted some influencers and those influencers did them dirty.

For this there can never be a solution because it is defi not centralized, and anyone can list project and the founder of bsc blockchain won't even realize it exists.

Fraud in memecoin is decreasing because people are starting to be smart in doing research and making analysis, they are hard to get caught in rugpull if they really have the right analysis.
the knowledge and experience of investors are starting to increase, the smarter we are, the harder it is to be cheated.
so we really have to always seek knowledge in investing.

[Trongduy]

Fraud in memecoin is decreasing because people are starting to be smart in doing research and making analysis, they are hard to get caught in rugpull if they really have the right analysis.
the knowledge and experience of investors are starting to increase, the smarter we are, the harder it is to be cheated.
so we really have to always seek knowledge in investing.

For me, most memecoins are scams. Only around a few dozen memecoins will continue to thrive in the market; the rest have all failed. I'm surprised that Binance is supporting memecoins, similar to how Solana and Tron have applied it quite successfully before. I never thought CZ would support memecoins to this extent!

Investors should allocate the majority of their capital to buy and hold BTC & ETH. Tokens belonging to fun projects or those that don't really offer value to the market will soon be eliminated and disappear. Investors should be cautious and only invest in tokens that have been listed on Binance instead of those newly introduced on the Bnb chain.