New Weird Token has appeared on all exisiting ETH addresses, SIM tokens

in ethereum •  7 years ago  (edited)

All the existing ETH addresses that were created before 13.10.2017 got on their balanced a new and preety strange token called Simoleon


  • Contract : 0x86c8bF8532AA2601151c9DbbF4e4C4804e042571
  • Symbol : SIM
  • Decimals : 2

ethsimoleon.png

The thing is those tokens that are on your account arent real.
To make them real you will have to make a transaction with them, when 100,000,000 tokens will be created ( by transfering them ) all other tokens on accounts that werent involved will vanish.

Contract
function getBalance(address _address) internal returns (uint256) {
    if (_totalSupply < _cutoff && !initialized[_address]) {
        return balances[_address] + _airdropAmount;
    }
    else {
        return balances[_address];
    }
}

Until you wont make a transfer using those tokens all you see is a fake balance of SIM tokens

function initialize(address _address) internal returns (bool success) {
    if (_totalSupply < _cutoff && !initialized[_address]) {
        initialized[_address] = true;
        balances[_address] = _airdropAmount;
        _totalSupply += _airdropAmount;
    }
    return true;
}

uint256 _totalSupply = 0;
uint256 _airdropAmount = 1000000;
uint256 _cutoff = _airdropAmount * 10000;

the totalsupply is increased by 10,000 with every account being initialised
When totalsupply reaches 100,000,000.00 tokens all other accounts that werent initialised will have a zero balance of SIM.
Contract link :
https://etherscan.io/address/0x86c8bf8532aa2601151c9dbbf4e4c4804e042571#code

Such a thing is interesting since it may be called a SPAM token or a Promotional one.

Just imagine what effects it might have when a big companies will be able to create their own SPAM tokens in order to create a promotion of their own companies, what will we get next?
  • a PizzaHut Token?
  • KFC Token?
  • Audi Token?
    With such a promotion there might be an economic benefit to those companies ( i am not talking about those that i just wrote, but as a whole) and the future is yet to be written.
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It might be valuable as it's the first one to do this.