What should I do about an obvious scam token?

Technical support
3

B-but I got it for free… and I didn’t even know what the asset restricting. 1st I want to sell it it said “You have to sell 10 at once” So I buy 5 more and try to sell again (because spend 5 to get free 5 is good in my mind), that’ where I realise I f*cked up because it said “Price of your order should be more than 100,000,000 Waveslet (= 1 Waves)” How can I check the smart asset rule before I invest in it??

4

But again. It’s 5 Free waves I got from selling other token I got from airdrop.

6

Read here:

1 Like
7

sounds really complicated though

8

At least someone will read your topic and will know about this scam. But I really didnt understand your explanation

1 Like
9

Ok. Let me explain in a more simple way.
The issuer (the person who created the token) make it as a smart asset. Which he/she can limit anything he/she can. So this person decide to limit minimum sell price to “more than 100,000,000 waveslets” (= 1 waves) and then airdrop the token to other people who might have created his/her own token as well. So what we do? Try to sell it of course! But the creator also limited the minimum sell amount to 10 Goldmine per order but he/she drop 5 per user. If you think buy 5 more for 5 waves to get 5 waves more. That’s good but not with this token because you have to sell it at 1.00000001 waves. And the highest price open buy order is 0.99999999 waves So, that mean we can’t sell it! If you think that is normal, it’s not!! Because the creator sell his/her token and breaking his/her own limit rule!! He/She sell his/her token at 1 waves!! And we can’t do that!!
Hope this might help you understand the situation. If not, feel free to repky

2 Likes
10

Thank you for a full explanation

11

Thanks, it’s become a little clearer, is there any option to report this coin? If not, then it’s only left to let more people know about it

12

What do you mean, report this coin?

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Yes, to report, to complain about it.

14

Maybe the only way is to spread information about the scam coin.

15

Yeah, it is but there can be much misleading information in the net as well

16

If a coin is proved to be a scam, is it blocked then?

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The only thing you can do is to spread info, it will help others.

18

There is no “block” in the blockchain, the token is marked as “suspicious” here: https://github.com/wavesplatform/waves-community

Then depending on your UI settings and these marks it can be hidden or not.

19

That’s how it works. Thank you for the explanation

20

We must carefully choose the information

21

Sure, too hard to do nowadays, though

22

Where? on the exchanges?

23

Thanks, just wanted to say it :slight_smile: