Have you ever think that nowadays also receive free tokens can put you in danger and potentially exposing you to lose some of your tokens/altcoins?
Here I will present some of these tokens and strategy that are ready to trick and force you to waste money.
I described this scam attempt in bitcointalk , but since the $Waves rising of the last days and uncommon way of scam it is better share with much people as possible.
How it works?
There is the issuer of a coin that distribute them for free to each waves address (using massive invoice), as example take 5 free coins.
When you receive you see that this token has a good market value in $Waves DEX.
You can't sell because you hold only 5 coins. Minimum sell = 10 coins.
It sounds a bargain offer to buy more, since this will allow you to sell the whole amount, with a nice and very easy gain.
Here there is the tricky part. You can't sell it!
The minimum price is 1 waves and only script creator can sold at this price (most of the times with a monster supply!!!)
This script allow you to create an order bigger than 1 unit. So it's impossible resell your "free"coins. It's useless try to trade them since your order will be just refused.
Daily hundreds of $Waves are scammed out by these type of smart asset!
[Check Token Issuer transaction history!]
Since $Waves require just 1 WAVES COIN to create a new tokens. this can explain why there is a burden of worthless project... and cheap attempts to fool people on their blockchain.
Sheer = minimum 15 tokens (you receive 10 tokens)
Jewel = minimum 100 tokens (you receive 70 tokens)
1-st SilverMine minimum 10 tokens (you receive 9 tokens)
GWWG minimum 10 tokens (you receive 3 tokens)
LuckyCoins: minimum 1000 tokens (you receive 777 tokens)
Tinny: minimum 50 tokens (you receive 30 tokens)
VipAssetDoubler: Minimum 1 token (you receive 0.5)
Price minimum : 50 $Waves
What's your opinion about these scams? Have you encountered something like this also in other blockchains? Feel free to leave a comment.
I will update my work, if needed, with the best comments.
Full list (updated) of these type of scam, can be found here
Check my Publish0x account for a full list of my previous blog post! https://www.publish0x.com/@bitbollo