Ok so i gathered some info on some altcoins which i think are scams and show you why. This may not be 100% right but i will show you reasons why to stay away.
PXC Phenixcoin: premined 1,000,000 coins
BTB Bitbar – premined by small group of coin creators
MNC Mincoin - started with no binaries and 25000% reward blocks
GLD Goldcoin - 2000% superblocks at start (3.2% instamine)
AMC Americancoin- premined with 6.5k-14k blocks giving zero reward
LKY LuckyCoin – superblocks at start, random superblocks
MEM MEMEcoin – premined, superblocks
ARG Argentum – premined
StableCoin – 1,200,000 premined
NUG Nuggets – premined
CDC Cloudcoin- 1,000,000 premined, random blocks
CENT Pennies – hidden launch
SYC Skycoin – premined
CL Copperlark – massively premined
NAN NanoTokens – premined
MST MasterCoin – premined
USC UScoin – premined
GIL – premined
RCH RichCoin – premined
XNC XenCoin – premined
REC RealCoin – premined
RED Recoin – 1,000,000 premined
ALF Alphacoin – premined
One Last Coin – premined
ORB Orbitcoin – 66% premined
NUC Nucoin – premined
There will be more to come this is just a start and to help noobs so they have a better chance npt to be scammed. I wanted to male something to help people so they dont get scammed but also keep in mind in crypto there are many ways scammers get you. I will be posting more on scams very soon so keep looking for my post and thanks for reading.
Steem was premined too.
Does that make it a scam as well?
Yeah I can't see why premined = scam!
Skycoin looks very promising btw 😌
Upvoted you