A large portion of dead coins are essentially scams involving Cryptocurrencies. This article points out some of past methods used to scam people and what to look out for when investing in a Coin.
Examples of past Scam Coins
- Run away with the money invested.
- Pump and dump the coin.
- Massive premine
- Trick people on a fork or update.
- Have a fake platform.
- Holding users private key.