Spamming with worthless tokens, what's the point?

[Abeo]

Or scam exchange that tell you to send more of your personal data, such as your passport, or that it has very low liquidity so that you cannot sell these tokens. The best thing you can do is not to link your wallet to any service and make a traditional deposit instead of linking the wallet.

Good point, but I sometimes wonder how beneficial this deal can be for scammers. It's a lengthy procedure - they have to set up an entire exchange or swap site, which is costly. Then they spend time scamming people in the hope that they will link their wallets and provide identification to approve KYC.

Is it really worth it for them? I've seen many offers where they claim to send a few dollars if we approve KYC on an exchange.

[MUGNIA]

Or scam exchange that tell you to send more of your personal data, such as your passport, or that it has very low liquidity so that you cannot sell these tokens. The best thing you can do is not to link your wallet to any service and make a traditional deposit instead of linking the wallet.

Good point, but I sometimes wonder how beneficial this deal can be for scammers. It's a lengthy procedure - they have to set up an entire exchange or swap site, which is costly. Then they spend time scamming people in the hope that they will link their wallets and provide identification to approve KYC.

Is it really worth it for them? I've seen many offers where they claim to send a few dollars if we approve KYC on an exchange.

if it is not worth it i don't think there will be any more spammer coins in our wallets, why would they bother doing that if they don't get results

[ZAINmalik75]

Good point, but I sometimes wonder how beneficial this deal can be for scammers. It's a lengthy procedure - they have to set up an entire exchange or swap site, which is costly. Then they spend time scamming people in the hope that they will link their wallets and provide identification to approve KYC.

Is it really worth it for them? I've seen many offers where they claim to send a few dollars if we approve KYC on an exchange.

if it is not worth it i don't think there will be any more spammer coins in our wallets, why would they bother doing that if they don't get results

It's totally worth it, there are several case studies about it that we can read but first Abeo we must be aware of the type of this scam. It is known as the Dust attack and once you will search more about it, you will find scammers have made a fortune from this scam.

• Crypto Dusting Attack Case Study: 170,000 USDT Stolen!
• Crypto Dust Attack Case Study: 629,002 USDT Stolen In 4 Days

These case studies are enough to understand if this type of scam is worthy or not. These scammers have good skills and tools, once they find their target they attack them with all possible options and out of 100 targets if 1 target become a victim, scammers can make good money out of him only.
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[TokenTactician24]

I noticed that I received some kind of airdrops on a Polygon address, although I'm not sure when I applied. It doesn't matter.

Can someone specifically explain what the purpose of these tokens is and why someone does this at all?
I have no intention of dealing with that token, but I see that it was sent to many addresses, I believe that someone will think that they can get something out of there.

The address from which it was sent is labelled as Fake_Phishing3312



If it's a type of scam, how is it realized?

These airdrops of worthless tokens are typically phishing scams. The idea is to lure you into interacting with the token, which might lead you to a malicious site where your wallet could be compromised. The token itself might be harmless, but any action you take with it could expose you to risk. Always verify the legitimacy of airdrops and avoid interacting with unknown tokens. Stay safe!

[bitterguy28]

I noticed that I received some kind of airdrops on a Polygon address, although I'm not sure when I applied. It doesn't matter.

sometimes new tokens are just distributed randomly for the purpose of spreading awareness or trying to create hype they most likely just give out as many as they can to try and make it look like as if the project is in demand and has a strong community behind it already

If it's a type of scam, how is it realized?

if there’s any information being asked of you or if there’s any suspicious links attached to it the token itself may do no damage being in your wallet but if you take further action then that is when it might lead you to further problems

[God Of Thunder]

sometimes new tokens are just distributed randomly for the purpose of spreading awareness or trying to create hype they most likely just give out as many as they can to try and make it look like as if the project is in demand and has a strong community behind it already

It only happens if you are too much active in some new ecosystem which is going to airdrop their tokens to their users. For example, let's say you have made a lot of transactions on Blast network which is ETH layer 2 solution. A lot of new projects are launching on blast ecosystem (Especially meme coins) and some them want to airdrop their tokens to OG blast users. In such case, you may receive some tokens without knowing where it came from.

But I am sure that is not the case with Examplens as these tokens are fake with malicious code in their smart contract. If he interact with these tokens and approve some permission, these smart contracts will drain his metamask in a couple of seconds. So, be aware of these free fake tokens.

[Gurujebs]

These airdrops of worthless tokens are typically phishing scams. The idea is to lure you into interacting with the token, which might lead you to a malicious site where your wallet could be compromised. The token itself might be harmless, but any action you take with it could expose you to risk. Always verify the legitimacy of airdrops and avoid interacting with unknown tokens. Stay safe!

What people don't understand is that there is no free money anywhere in the internet, it's either you offer service to earn it or you spend your time earning it. Nobody sit in the comfort of his home without doing anything and expect a thousand of dollars falling from heaven. That's will only end you in one place and that is nothing but scam.

Even then aidrop, they are not giving for free. You have to do some task to earn it. You are either given for doing basic share, likes and Retweet which is the lowest I have seen or you spend money interacting on their blockchain. Nothing is free even in free town.

[bitmover]

I noticed that I received some kind of airdrops on a Polygon address, although I'm not sure when I applied. It doesn't matter.

sometimes new tokens are just distributed randomly for the purpose of spreading awareness or trying to create hype they most likely just give out as many as they can to try and make it look like as if the project is in demand and has a strong community behind it already

In 2017 it was very common to received even hundreds of dollars in airdrops like that, just for holding eth. You needed to sell fast , because the value of those tokens quickly collapses..

Nowadays we get those airdrops in l2 such as polygon.  But they are not that good anymore

[examplens]

In 2017 it was very common to received even hundreds of dollars in airdrops like that, just for holding eth. You needed to sell fast , because the value of those tokens quickly collapses..

Nowadays we get those airdrops in l2 such as polygon.  But they are not that good anymore

It's been a crazy time, ICOmania. Any garbage of tokens could be pumped to incredible numbers. Many unexpectedly had a large fiat value in their wallet overnight, so I guess they easily spent that kind of money. It was no surprise that a token raised thousands of Ethereum through an ICO. That's why they were "generous" for bounty awards.
Now it's different, so money is spent much more carefully, although there are always extremes.

[bitmover]

It's been a crazy time, ICOmania. Any garbage of tokens could be pumped to incredible numbers. Many unexpectedly had a large fiat value in their wallet overnight, so I guess they easily spent that kind of money. It was no surprise that a token raised thousands of Ethereum through an ICO. That's why they were "generous" for bounty awards.
Now it's different, so money is spent much more carefully, although there are always extremes.

I think now is exactly the same.

People are creating useless projects, spamming useless tokens via airdrop which are worth hundreds/thousands of dollars, just to dump them and make people rich.

I think the result is the same of the ICO mania: most of them are useless projects, making people rich for nothing.

[God Of Thunder]

It's been a crazy time, ICOmania. Any garbage of tokens could be pumped to incredible numbers. Many unexpectedly had a large fiat value in their wallet overnight, so I guess they easily spent that kind of money. It was no surprise that a token raised thousands of Ethereum through an ICO. That's why they were "generous" for bounty awards.
Now it's different, so money is spent much more carefully, although there are always extremes.

I don't really know why most of the new projects fail. Probably because there are too many new projects every week and people don't know which one to pick. The investors invest in multiple projects at a time and they divide their investment budget.

A lot of scam projects ran away with investors money which is why the number of legit projects decreasing everyday. If you don't see any big named behind a project, I guess we should avoid spending money on them. But unfortunately, I have wasted enough money before I understand this math.

[albon]

There are many tokens lying in my wallet for a long time which are useless and you can never sell these tokens. Maybe it's a phishing token and they're creating it to follow the original token. If you receive a phishing token of a popular token then you should know that it is a scam. Again if a brand new project is named and created as a phishing token, then you will understand that it is being used for marketing of their initiative is to give everyone an idea of ​​their token. Because if you have tokens in your wallet then you will definitely want to search to exchange them.

[Vx1]

we must be careful in doing activities in this Cryptocurreny, there are many ways for Scammers to steal our assets. One of them is sending phishing tokens to our wallet, and when we interact with the token, our wallet's personal data will be stolen.
So stay careful and vigilant, if we feel that there is a token or Crypto Coin that enters our wallet and it is suspicious, my advice is to just leave the token alone, do nothing or do not interact (Do Swap) with the token.

[Manna]

The token you mentioned may be part of an airdrop campaign, where tokens are distributed to a large number of addresses.  Airdrops are generally used for promotional purposes, helping new projects or tokens gain exposure.

 If you've received a token at a polygon address and aren't sure you applied, it's likely to be part of a fake or phishing campaign.  An address labeled as 'Fake_Phishing3312' may be a warning sign that it is associated with a security risk.

 Phishing campaigns typically attempt to collect users' personal information or gain access to their private keys.  Such tokens should be treated with caution and refrain from clicking on any suspicious links or requests.

 Besides, if you want to be more aware of the security of your portfolio or tokens, you can make sure that your wallet's security system is working properly and your private key is protected.

[Bobcrypto]

The worthless tokens is commonly sent from suspicious ICO  projects, they are not real. I have many of these coins/token in my wallet and i know that it comes some of these fake project trying to Scam people. There no point trying to click on them because they are not fake, and even some of them are similar projects created on an ongoing presale website  to scam investors. I am always watchful and vigilant when this tokens find their ways to my wallet because i will never participate on any Airdrops or ICOs unknowingly.