On issuing tokens for “experience” in Telegram: is it worth getting carried away with the new trend?
Spoiler alert - no, but we will try at least one.
Last week a new “evolution” of slippers appeared on Telegram. In which you no longer need to tap. The “pioneer” in it was the#Dogsproject with the token of the same name. It is developing at such a fast pace that there is already a premarket on one of the global exchanges, and the opportunity to link a wallet for drops (we remind you that these should always be non-main wallets with a minimum balance).
This trend itself is not surprising. Everyone is already tired of tapping. But no one will issue tokens just like that. Therefore, there are three basic criteria for issuing tokens:
- years of using Telegram,
- availability of Premium,
- referrals (and this is key for popularizing projects of this kind).
The goal of the project is standard for sneakers - to gather a community and, by giving money, drag the crowd to the exchanges of those who are not there yet. Plus, of course, to earn money from trading the created asset, and to retain the community for the future. Our goal is to obtain a new asset and sell it as profitably as possible.
What immediately confused us personally about#Dogswere the stories about the alleged connection with Notcoin, Blum, and Telegram (the logo has been well known since the time of Durov on VKontakte). When new projects boast of such connections without confirmation (and in this case there was none) it always arouses suspicion. Not a guarantee of a scam, but a reason to be skeptical. BUT we eventually entered #Dogs. For three reasons:
- The appearance of a verification check mark on their bot (the big question is whether they could get it without having the rights to the logo),
- News about the premarket on one of the global exchanges, which appeared literally right away (premarket price - $0.011500).
-Their community on Telegram grew to 5.8 million users, which is also a good indicator.
An important point - after Dogs, a whole “zoo” of projects appeared with exactly the same functionality and almost the same design. Cats, Ducks, Byin, Monkey. The list can certainly be continued. These are what is on the surface. We don’t get into them anymore. At least for now they do not have verification checkboxes from Telegram and partnerships with exchanges.
Why should you be careful with such projects?
Even before the successful drop from Notcoin on March 19, we wrote that if the project is successful, a flurry of such applications will begin and the main thing is to monitor what and where you connect and what access you give. And the first noticeable scam on the slipper was not long in coming - at the end of June it was carried out by the Mineralz project team. Under the pretext of distributing the MINEZ token, they pushed the ability to manage user funds in connecting a wallet. And they emptied the wallets of users. And according to information from open sources, even before the wallet scheme, a total of about $112,000 was collected from project participants.
In total, scams on sneakers can now go in three main directions:
- scam with rights when connecting to a wallet,
- intermediate “investments” in the project before the launch of the token,
- shame on the brand.
In the third case, the story is banal - you will be given worthless candy wrappers, but to receive them you will pay 0.3 #TONCOIN, for example. Not noticeable on one person. But 100 thousand people is already 30,000 TONCOIN or $216,000. Here you need to approach risks wisely and evaluate the project itself - whether their token will be worth at least something. In the case of Dogs, the project does not look like a scam on commissions and, we repeat, we will try.
