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What is Scamcoin?
Crypto Glossary Definition
Also called a shitcoin, this refers to a token that provides little or no value, and is simply propped up on hype and false promises.
Why Scamcoin Matters
A scamcoin is a token created specifically to defraud buyers rather than build a genuine project — common patterns include anonymous teams, copy-pasted whitepapers, unlocked liquidity, and contract code that lets the creator mint unlimited supply or block holders from selling (see Rug Pull).
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