Don't trust easily all BSC tokens

[Hisbullah]

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.

Good advice mate, I agree with your opinion,don't trust easily all BSC tokens.
I saw many scam projects there.
So We must do research detail and accuracy

[Freemind]

Yeah, I see many BSC projects are scam, I agree  with your thread
Don't trust easily all BSC tokens.
We must learn and do research before invest.

Searching for information about the members of the team, about the project and about the plans they have is something that we must do in any project and in any chain, not only in BSC. Binance Smart Chain has become the chain with the most scams because it is the blockchain with the lowest transaction fees (along with Tron and others), for a long time the chain preferred by scammers was Ethereum, but the transaction fees are very expensive, that's why they have chosen another chain.

[silkytakyaan86]

To some extent you are right. Wallet is at risk of being hacked. But this problem is not only of B.Sc. But also with others. I love BSC Wallet from the very beginning. There is some fear in the mind about this problem, but giving it protection gives some relief.

[cheezcarls]

Not just BSC tokens though. Not all projects from different blockchains like Polygon, Solana, Tron, etc., are also legit too. They’re no exception.

This is why no matter what blockchain do they use such as BSC, it is you who must be doing your own research and proper risk management at the same time.

[pacar_tiri]

Not just BSC tokens though. Not all projects from different blockchains like Polygon, Solana, Tron, etc., are also legit too. They’re no exception.

This is why no matter what blockchain do they use such as BSC, it is you who must be doing your own research and proper risk management at the same time.

I agree with you, not onlly BSC platform.
We all know there are may scam projects there.
ERC20, solana, polygon ,tron etc.
We should do research before invest in new projects, because too many scam projects.
maybe  scammers can create new coins easily now, It's the reason why

[cashisking86]

Unfortunately there have been quite a few rug pulls on BSC but I think that owes more to it being around for a while now compared to some o the other chains.

[Folkart]

It's common to see scam projects on market it's not about ecosystems i believe. Every ecosystem could have shtty projects and it's usual. I'm following some quality projects on BSC like Unilab. I believe if you want to invest on a project just check their goal first.

[Bobcrypto]

Yes, any time there is opportunity for an emerging and popular networks, there is bound to be many fake projects taking advantage of the popular new Blockchain network to scam people. During the ICO days many scammers were on rampage, they defrauded many people untill a new model, the IEO came on board.
The ICO days was always launch on the Ethereum network but good to have this new emarging networks which will also experience some of these scam projects. I think that this situation will always be here and there is yet to be a solution on it.

[anshor1]

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.

Yeah , good advice. don't trust easily all BSC tokens, It's really easy to create tokens there.
it's the reason why many scam projects at there.
We must always be careful.

[vegasus]

I think that it will be better "don't trust easily all tokens or coins". We know that not only new tokens from the BSC network but also from ERC20 are scams. They are also shitcoins that may only steal your money. There are some ICOs with this kind of token but they will end as shittokens. This has been so long time ago created and develped. But, itis likley never ending scamproject and shitprojects

[fadl4]

I was once deceived by the BSC token, in the telegram group it has many members and the admin is also actively answering participant questions and it turns out to be cheating after the coin price drops continuously

[Zezari]

It is not unnecessary to rush to invest in new projects, first look at which exchanges will be quoted, if its price starts to rise, this is a good sign for buying tokens. Most of the projects listed on the stock exchange immediately begins to fall.

[pelana vreo]

I was once deceived by the BSC token, in the telegram group it has many members and the admin is also actively answering participant questions and it turns out to be cheating after the coin price drops continuously

Such Telegram channels are usually paid to do promotions to members in their Telegram groups. I've joined such a group and it turned out to be profitable, it's almost like gambling and I'm getting used to new projects having liquidity under $500 USD, when the MC of the new token rises above $1k, then I take a little advantage of the situation it and sell it

[hasyurt]

I totally agree with this issue. About 3-4 months ago, there was a project called cryptocars and it was one of the most popular projects of the BSC network, and the ccar project has disappeared for now. The project owner disappeared. Even his whole family was exposed for a while, but nothing happened. I lost 650 dollars, although not much. As far as I know, there are many people who are victims like me. This is not just the problem of the BSC network, but it is a fact.

[yetti]

Well I really agree with what you suggest because with the BSC it's very easy to create new tokens at this time there are a lot of trash tokens circulating from the BSC network, I suggest you have to look at the new tokens on the BSC network, you can see them in poocoin.app which can little help you that this token is garbage or not.