Do you trust ERC20 tokens?

[JaymondStark]

I didn't understand the kind of this question. You can't trust ERC20 type tokens, but you can trust to the Ethereum network which is here to produce ERC20 kind of tokens and transfer them on its network.

So I believe you should re-shape your question to if you trust to the Ethereum network.

Personally, yes I believe in them and trust them since I check the codes of them.

[zendicator]

You know, not all erc20 tokens can be trusted. Anyone can make erc20 contract with the same name of the legit project. All you need to do is to verify the legitimacy of the contract in the official community of such token to avoid scam.

[Helex]

Of path I agree with ERC20 tokens.ERC20 tokens trendy is primarily based on Ethereum blockchain.Ethereum is the maximum trustful blockchain going on now.i do not see any chance approximately ERC20 tokens.ofcourse there are rip-off projects that use ERC20 tokens,you should be careful approximately them.

[Uplifted]

ERC-20 tokens are based on Ethereum blockchain and should be trusted. I understand that project scams come in the name of Erc20 but that's not a reason to miss trust Erc20 tokens.

[Dkingbh]

trust ERC20 tokens.ERC20 tokens standard is based on Ethereum blockchain.Ethereum is the most trustful blockchain going on now.i don't see any risk about ERC20 tokens.ofcourse there are scam projects that use ERC20 tokens,you should be careful about them.

[PhiliPPs]

You're right.  Sometimes projects that make a lot of noise in the end their tokens are worth nothing, because these projects are not even going to start, and the goal was only one - to raise money!

[rapheal]

ERC20 token on Ethereum network is definitely trustworthy.This type of token have been very useful to many project and as a matter of fact, ERC20 is more flexible and useful more than many altcoins.Though there are some improvement needed on it buy and large however it is still the best.

[abc123]

Yes I do trust ERC20 token but ofcourse not all of them because others just basically make their token for the sake of scamming people.So to secure my investment I make research before investing and I make sure that I won't get  scam.Though we can't really tell that is 100%legit all we have to do is trust our research and our decision.

[eurcoin88]

I think its not about a coin being erc20 or what but its more on the project itself and the devs. I have also seen a lot of projects that creates hype and good PR until the end of distribution or airdrops and then you wouldn't hear anymore about them. It is annoying but I guess it's easy to pinpoint erc20 tokens because it is easy to create smart contracts in it so most scam and shit coins are made out of it.

[bhm45]

I trust this standard of tokens. I think that what's important is not what the token standard is and what application this token has. This standard of tokens is very popular and there were very few problems with it. I think that you can trust this token standard.

[Rafiq]

Yeah, I have still trusted ERC20 tokens. Because it is trusted and easier to raise fund. ERC20 tokens standard is based on Ethereum blockchain. Although there are scam projects that use ERC20 tokens but i don't see any big risk.
 

[carcas]

I believe in erc20 tokens because I understand the tokens that I have. I know that many tokens that use the erc20 platform have no value. the reason is that it's easy for people to make tokens that use the erc20 platform. I suggest to know the project that you will follow before buying the token.

[M.bhussaini]

If the ERC20 tokens are created with standard hash algorithms, it's secured for the transaction. Still if you have doubt regarding creating the ERC20 tokens

[vycl87]

Everyone can create a token in ERC20 token easily. But we should learn to read smart contract! And we have to understand what is the project really!

Project is so important for token. Becasuse it value depend on that project.

[Robiul789]

Yes but many a times a don't believe in many ERC-20 altcoins because they arranged ico price higher but when they release coin at Market,they arranged lower price.