I'm calling them HYIPs because we're on the internet, but these tokens are actually quite close to the good ole pump-and-dump:
Read this whole article, it explains how pump-and-dumps work, and it's clear to see the parallels with crypto tokens. Tokens scams are way easier to run than stock scams, because stock has to be bought cheaply, whereas tokens are created out of thin air.
Read this whole article, it explains how pump-and-dumps work, and it's clear to see the parallels with crypto tokens. Tokens scams are way easier to run than stock scams, because stock has to be bought cheaply, whereas tokens are created out of thin air.