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What is Scamcoin

A scamcoin is a fictitious cryptocurrency that was produced with the intention of profiting the originator at the expense of those who bought into and supported it. Scamcoins are coins that were developed by their creators as “get rich quick scams”.

These coins typically have certain characteristics, like being pre-mined or clones of another coin. Many of the cryptocurrencies that are now in use have the potential to lose all of their value since scamcoins exist.


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