WARNING DO NOT BUY THESE COINS!
FRAUD ALERT!
I recently scanned the entire Bitshares market looking for the worst of the worst. I want to warn people not to invest in scam coins. These bad are coins. While this is of course my opinion, this is a list of the highest volume scam coins on Bitshares. This volume is taken from one day (3/13/18).
Why would a scam coins have high volume?
Well scam artists can do wash trading to make a scam coin look like a popular coin. You set up two or more accounts and have one account buy from another account. Wash trading is very common. I recently read one article that stated that up to 90% of volume on some exchanges is wash trading. That basically means it is fake. While illegal on Wall Street; it is common in Crypto. This is done to make some exchanges are coins look more popular. I have covered wash trading before, on Steemit so look back onto my past articles for more information on it.
So looking over the bad coins lists, these have the highest volume. As always do your own research.
| RATING | COMMENTS | COIN | DECRIPTION | DAILY USD VOLUME | HOLDERS |
|---|---|---|---|---|---|
| 1 | SCAM COIN | DEBITCOIN | DEBITCoin is an in-platform currency used by Teleg | $101,859 | 152 |
| 1 | FRAUD USELESS COIN | SWIFTCOIN | SWIFTCOIN Cryptocurrency Cryptocurrency SWIFT-WALL | $8,380 | 6,276 |
| 1 | SCAM COIN | UTOKEN | UTOKEN Cryptocurrency | $5,103 | 811 |
| 1 | SCAM COIN | IMASK | issued by invest-ltd | $3,262 | 1144 |
| 1 | FRAUD USELESS COIN | LIQPAY | LIQPAY, the easiest payments for your site or mobi | 3256 | 7,443 |
| 4 | This is a SCAM COIN. FAKE! DO NOT INVEST. ISSUED BY KNOWN SCAMMER. | STELLER | STELLER coin | 649 | 630 |
| 4 | Since I don't exactly know what these are, you probbaly shouldn't invest in it. | BEYONDBIT | Beyondbit tokens are the official vote token for @ | 599 | 323 |
| 1 | This is a SCAM COIN. FAKE! DO NOT INVEST. ISSUED BY KNOWN SCAMMER. | QVANTUM | Qvantum is a coin of the future crypto market, the | 564 | 5866 |
| 4 | Since I don't exactly know what these are, you probbaly shouldn't invest in it. | QUBIT | Independent research and investment analysis | 387 | 2446 |
| 1 | FRAUD USELESS COIN | ELECTRON | Next generation crypto-asset based on ML algorithm | 253 | 4332 |
| 1 | This is a SCAM COIN. FAKE! DO NOT INVEST. ISSUED BY KNOWN SCAMMER. | TURION | TURION CHEIN | 211 | 7716 |
| 3 | If you want to invest in smoking pot... | SMOKE | SMOKE is the cryptocurrency of the Smoke.Network. | 199 | 351 |
| 1 | Junk Coin | BADCOIN | BADCOIN is the official token of The Bad Crypto Po | 172 | 2470 |
| 1 | FRAUD USELESS COIN | FRESHCOIN | We are an online platform of the international inv | 94 | 11711 |
| 1 | FRAUD USELESS COIN | CEMENT | Every coin of cement cryptocurrency is backed by 1 | 82 | 10796 |
| 1 | FRAUD USELESS COIN | QORA | The cryptocurrency QORA (1000 Original Qora equal | 65 | 5617 |
| 1 | This is a SCAM COIN. FAKE! DO NOT INVEST. ISSUED BY KNOWN SCAMMER. | ARISTO | Crypt of the aristocratic layers of society. It is | 37 | 2105 |
| 1 | JUNK COIN | PORND | PORND AKA Porn Dollar is a replacement of SBD (Ste | 18 | 116 |
| 4 | Since I don't exactly know what these are, you probbaly shouldn't invest in it. | TASKMANAGER | The TASKMANAGER token has been in a changing state | 10.8 | 164 |
Another way to look at these coins is by distribution.
https://steemit.com/scam/@cryptick/the-top-50-most-distributed-bitshares-scam-tokens
See the full rankings here.... https://steemit.com/bitshares/@cryptick/bitshares-coin-rankings
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SEER is not scam coin. SEER is issued by HelloBTS, one of the gateway of BTS. Do your research before big whale from HelloBTS downvote this post.
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I have removed SEER from the list. Thanks for the update. I knew a few would slip through but our community would be quick to point them out.
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beyondbit is an upvote token created by @officialfuzzy and @taskmanager tokens are upvote tokens as well..
it's unfortunate you included these tokens in your "SCAM" list because these ARE NOT scam tokens whatsoever. These are very highly respected bitshares members and active steemit users
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