The scamming business in question is a service that mints (creates) Cardano native tokens for purchasers. I'll call them the Cardano Native Token Creators (CNTC). These purchasers pay a fee to get their own native tokens created that are able to run on the Cardano Blockchain. I went through the process on their website https://cardano-native-token.com and when I got to the section at the bottom of the page of that link that said: "Advnced Features" and below it "Minting Policy"
I selected "One-Time Mint" which means the coins will have the ability to be only minted ONCE and afther this one mint the token creation account will be LOCKED and the token creation account will NOT be able to afterwards:
1. Mint more of the coins.
2. Change any aspects of the coins.
3. Control the blocking of coins and other features.
I SPECIFIED that I wanted the "One-Time Mint", but when I checked the Metadata which is a 100% ACCURATE record of the information about the tokens creation it said "minting":{"blockchain":"cardano","mintedBeforeSlotNumber":32472940,"type":"time-lock-policy"} It can't POSSIBLY be time-lock-policy because I didn't select that option. Why didn't I select it? Because I didn't want it number one and number two it is IMPOSSIBLE to even make that selection because it is NOT AN OPTION TO select when you're selectiong your minting policy.
Go to this page: https://cardano-native-token.com/ then click the box that says "ADA Native Token", click the little blue box below the ADA Native Token box that says "Forward", then look at the bottom of that page in the little section that says "Select your minting policy". You will notice that the other two options to click on besides the "one time mint policy" are "Time locked mint policy" and "Customized" which both are GREYED OUT and can't even be selected. So that's how you know I couldn't have POSSIBLY selected that option, but when I got the Metadata on the coin creation it says it's a time-lock policy: "minting":{"blockchain":"cardano","mintedBeforeSlotNumber":32472940,"type":"time-lock-policy"} When they create coins this way and the customer's coin gains value, the Cardano Native Token Creators will have total control over that coin because they created it and control the public and private keys to the coin.
They can literally destroy all the coins by burning them or they can create more coins increasing the supply and lowering the value of a coin. Until the Metadata says "One Time Minting Policy" I won't control the coins. Follow my instructions above and go to their website, follow the instructions above and you will see for yourself they don't even have a "Time-lock Policy" to choose, so that means they are choosing "Time-lock policy" on the backend when they are inputting the information to create the tokens.
These people need to be shut down because they are scammers and will cause people a lot of trouble later on down the road when they find out their tokens have been burned or someone created another 500 Trillion of their coins and the price drops considerably. Shut them down! Thank you!
Cardano Native Token and NFT Reviews
The scamming business in question is a service that mints (creates) Cardano native tokens for purchasers. I'll call them the Cardano Native Token Creators (CNTC). These purchasers pay a fee to get their own native tokens created that are able to run on the Cardano Blockchain. I went through the process on their website https://cardano-native-token.com and when I got to the section at the bottom of the page of that link that said: "Advnced Features" and below it "Minting Policy"
I selected "One-Time Mint" which means the coins will have the ability to be only minted ONCE and afther this one mint the token creation account will be LOCKED and the token creation account will NOT be able to afterwards:
1. Mint more of the coins.
2. Change any aspects of the coins.
3. Control the blocking of coins and other features.
I SPECIFIED that I wanted the "One-Time Mint", but when I checked the Metadata which is a 100% ACCURATE record of the information about the tokens creation it said "minting":{"blockchain":"cardano","mintedBeforeSlotNumber":32472940,"type":"time-lock-policy"} It can't POSSIBLY be time-lock-policy because I didn't select that option. Why didn't I select it? Because I didn't want it number one and number two it is IMPOSSIBLE to even make that selection because it is NOT AN OPTION TO select when you're selectiong your minting policy.
Go to this page: https://cardano-native-token.com/ then click the box that says "ADA Native Token", click the little blue box below the ADA Native Token box that says "Forward", then look at the bottom of that page in the little section that says "Select your minting policy". You will notice that the other two options to click on besides the "one time mint policy" are "Time locked mint policy" and "Customized" which both are GREYED OUT and can't even be selected. So that's how you know I couldn't have POSSIBLY selected that option, but when I got the Metadata on the coin creation it says it's a time-lock policy: "minting":{"blockchain":"cardano","mintedBeforeSlotNumber":32472940,"type":"time-lock-policy"} When they create coins this way and the customer's coin gains value, the Cardano Native Token Creators will have total control over that coin because they created it and control the public and private keys to the coin.
They can literally destroy all the coins by burning them or they can create more coins increasing the supply and lowering the value of a coin. Until the Metadata says "One Time Minting Policy" I won't control the coins. Follow my instructions above and go to their website, follow the instructions above and you will see for yourself they don't even have a "Time-lock Policy" to choose, so that means they are choosing "Time-lock policy" on the backend when they are inputting the information to create the tokens.
These people need to be shut down because they are scammers and will cause people a lot of trouble later on down the road when they find out their tokens have been burned or someone created another 500 Trillion of their coins and the price drops considerably. Shut them down! Thank you!