Spamming with worthless tokens, what's the point?

[TomPluz]

I don't even google if such NFT or tokens exists. Because it is pretty much old scam method. Whoever on the crypto space for a while should know about these scams. I remember there was a token Minerium or something which even showed how much it worth in trust wallet which was a fake scam token.

The more we are exposed to this type of scam, the more we can recognize the red flags. I also remember this Minerium thing because I was one if its recipients but at that time I already doubted it since we know that nobody will be sending something for no reason at all. These days, there are still scammers using this technique maybe they are targeting newbies who can be attracted to being greedy. We should always note that scammers and hackers are very creative people...and in many times they can be ahead of the curve so we have to think thrice before we act on something that just came in to our wallet uninvited. I am hoping there is a free way we can eliminate these scam coins and tokens from our wallets...they can can be pain in the *ass* to see.

[bitmover]

I don't know much about it. But if I remember correctly, a lot of people started to receive tokens which say Minerium BSC, which was actually a fake token. To this day, if you search Minerium BSC on Google, you get a link to Coinmarketcap https://coinmarketcap.com/currencies/minereum-bsc/, which shows this warning. 

Even though I do not remember what happened with the victims because I always ignored this, Coinmarketcap still helps us by showing the warning that it is true that something was wrong with this Minerium.

MNEB is another token. You are talking about a fake one.

This is the true minereum (MNE) token

https://etherscan.io/token/0x426ca1ea2406c07d75db9585f22781c096e3d0e0

[God Of Thunder]

The more we are exposed to this type of scam, the more we can recognize the red flags. I also remember this Minerium thing because I was one if its recipients but at that time I already doubted it since we know that nobody will be sending something for no reason at all. These days, there are still scammers using this technique maybe they are targeting newbies who can be attracted to being greedy.

Not only newbies but also some veteran members fall for these scams. If you check the recent posts of this thread, you will understand what I am saying. An old forum member has been hacked recently, proving that you don't have to be a newbie to fall for these scams. The scammers do not know if you are a newbie or an experienced guy. They check your wallet address to see if it contains any funds, and as long as you have funds, they will send you some fake NFT/Tokens and try to convince you to exchange/sell those NFT/Tokens. I am glad there are not many cases In the forum. The recent cases will be an educational thread for the forum members. We must learn from others mistakes. Or do we have to pay a lot to learn these things?

[bitmover]

Not only newbies but also some veteran members fall for these scams. If you check the recent posts of this thread, you will understand what I am saying. An old forum member has been hacked recently, proving that you don't have to be a newbie to fall for these scams. The scammers do not know if you are a newbie or an experienced guy. They check your wallet address to see if it contains any funds, and as long as you have funds, they will send you some fake NFT/Tokens and try to convince you to exchange/sell those NFT/Tokens. I am glad there are not many cases In the forum. The recent cases will be an educational thread for the forum members. We must learn from others mistakes. Or do we have to pay a lot to learn these things?

Who was hacked recently? Can you share?

I believe using small amounts of crypto in low secure but convenient wallets, such as mobile wallets, is acceptable and anyone can be hacked that way. But being hacked in your BTC stash is simple terrible...

[God Of Thunder]

Who was hacked recently? Can you share?

I believe using small amounts of crypto in low secure but convenient wallets, such as mobile wallets, is acceptable and anyone can be hacked that way. But being hacked in your BTC stash is simple terrible...

Yeah. It was one of the old BitcoinTalk forum members, Condoras, who is known for his lending service, which he has provided for a long time. He recently saw an NFT on his Ledger app, which he tried to claim by connecting his wallet by visiting a website; later, the hacker wiped his entire wallet. I believe the hacker sent a fake NFT to his address, which led him to collect that NFT.

Here is the link to that thread he created https://bitcointalk.org/index.php?topic=5512505.0

[Cantsay]

If it's only a random ticker or unpopular token, it's just for marketing purposes, kinda like spam with emails or airdrops. The purpose is just "views" so the address owner searches or knows about the token existence. This practice has been common ever since ETH, and then BSC.

I know this is old but does this actually work? I understand if they are being sent out as spam and also to phish( for those with url as their tickers) but as a form of marketing I don’t see how this will help.

I’m not sure that they’re people that will come across a token in their wallet and then decide that they’re people want to invest more in it, so I don’t really see how this will help them in marketing. Most of the tokens I have seen like this in my wallet usually don’t have any information about them online whenever I search them.

[bitmover]

If it's only a random ticker or unpopular token, it's just for marketing purposes, kinda like spam with emails or airdrops. The purpose is just "views" so the address owner searches or knows about the token existence. This practice has been common ever since ETH, and then BSC.

I know this is old but does this actually work? I understand if they are being sent out as spam and also to phish( for those with url as their tickers) but as a form of marketing I don’t see how this will help.

I’m not sure that they’re people that will come across a token in their wallet and then decide that they’re people want to invest more in it, so I don’t really see how this will help them in marketing. Most of the tokens I have seen like this in my wallet usually don’t have any information about them online whenever I search them.

Sometimes the token name is a URL.
Those are the most dangerous ones, and someone curious enough may just go to the URL and get some malware or see a request for wallet connect to a malicious smartcontract

[Bobcrypto]

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?

Yes, this is scam token and I must inform you that such kind of scam tokens are common, I have been receiving them on numerous times.
Honestly, if you did not apply for such project airdrops, ICO/IDO, there is no point trying to send or use them any way. It is a trap!
Many scammers believe that if they send free coins to numerous people, there may be some that will fall for the trap. Indeed it is a trap especially for those that are newbie or covetous crypto enthusiast. scammers feel some victims will get this free tokens not knowing what is underneath.
Now, some of these free sent tokens are strategic ways scammers track your wallet informations, it is not advisable to swap, send or even ask for information on how to used them.

[Wiwo]

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?

Since the wallet which those tokens are received lebal the as fake it then means truly those tokens are worthless and should not be taken seriously, although again we have to be careful not to engage those tokens on our wallet in other not to give them access to some of our wallet features which is what their are after.

But also only a victim of such scam can clearly explain to your how those scams work, and every other comments may be out of experience and assumptions.

[Cryptsafe]

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?

Since the wallet which those tokens are received lebal the as fake it then means truly those tokens are worthless and should not be taken seriously, although again we have to be careful not to engage those tokens on our wallet in other not to give them access to some of our wallet features which is what their are after.

But also only a victim of such scam can clearly explain to your how those scams work, and every other comments may be out of experience and assumptions.

Tokens of such nature are majorly minted by scammers to spam wallets and anybody who tries to transact with such token in their wallet would definitely have their assets in that wallet taken by the scammer. They do not just send those tokens there, they send it already programmed that if one does transact with it, they automatically invade the wallet and do away with everything valuable in that wallet.

It is good that the developers of blockchain do act fast to label those tokens as fake phishing upon reports from users so as to safeguard the rest of the others that have not accessed so they have the knowledge of the token to be fake and not transact with it that they do not loose their assets. Such measures are proactive for all even the newbies when they see it, they already know and restrain themselves from  transacting with such token via their wallet.