How to Identify a Fake Coin or Project.

in cryptovitalinformation •  last year  (edited)

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When purchasing tokens using trust wallet mostly tokens they tell you can be accessed via trust wallet you need to be very careful. Because majority of them are 100% scam projects.

And let me shock you, with as little as $2 it's possible to open your own coin using block chain technology... Yes you heard me right, with just $2 you can do that.

This is why a whole lot of Scamers scam alot of people making use of pancakes swap, and trust wallet to host scam tokens people invest into in Exchange for their BNB.

They are softwares to handle this,even I myself it won't take me anything to develop my own crypto coin called "Stev Coin" 😀

But what happens if such coins are listed in coinmarket cap or coingecko the information needs to be manipulated to back up it's representation and suite the information.

So, whenever you see a coin with missing vital informations and it carried trianges like PLCU coin in the picture above, just run its 100,000% scam coin.

This was a coin that was $100,000 that even over took btc in price is now trading at $111.5, just imagine buying it when it was $100,000 and holding it till when it dip down to $50,000,just imagine the lost.

Stay away from any coin that carries triangles like coin in the picture above or else you will lose your money at that end,those triangles means danger, it means vital information about the coin is missing.

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