How I got scammed on IPOs
A week ago, I ran across a Youtube video on investing into IPO’s on polkastarter. Excitement overcame me as I thought of a new opportunity. It will drive the release of dopamine, and I blame that for the poor decisions and impulse that drove me to invest in something I lost money on. I quickly registered an account with Metamask since my Coinbase account didn’t work with their site. I ran through the options of which IPO’s were available. I looked into the technology behind them and decided to dive in with a small sum of money. I should have taken it as a sign from the universe that it wasn’t meant to be, when the first IPO closed within minutes of me trying to invest.
The process went by with new found excitement at the idea of investing in something others had not discovered. It’s always exciting to be one of the first people to find a new venture. There is hope that it will pay off. There is enthusiasm to learn a new process. With every new technology there is a learning curve.
I went through the multi-step process of sending $$$ to ETH. in my Metamask wallet. The investment went through and there was no way to confirm, other than looking at my Metamask wallet. Like many of these IPOs there’s no way to collect until the pool closes. My mind keeps playing these creative tricks. I keep thinking there is controversy behind the tech. This must be a hot new coin!
Then disappointment hit. I kept going back to the website and refreshing the page, but the website kept erroring out. Something didn’t feel right about the site. My feelings were right.
Advice for beginners investing in IPO Polkastarter Pools
Join theTelegram community I didn’t know existed for polkastarter and talk to the admins. I found out from the admin there are 80 different fraudulent polkastarter websites stealing money from people as they pretend to be the IPO investment website.
It really was my fault for not doing more research before investing, but the url was polkastarter.uk. I thought perhaps I had just invested in the uk currency version of polkastarter. With more investigating, I discovered it was a fraudulent site. You really have to be careful. There is no way to tell unless you do research. A .UK address does not mean it’s authentic. I’m posting this because I read the transcript of transactions for the Etherscan address where I sent my ETH, and there were a lot of transactions. I’m assuming these websites are making millions of dollars every day by pretending to be polkastarter.
The only authentic site is polkastarter.com
These scams will become more and more common as there is no transparency as to who is behind the digital wallet. With the security and safety of digital wallets and its rising popularity, there is the fear that there is no face behind the wallet.
When your money is gone, it’s gone. Fortunately, it was a very small amount of money lost.
If you’re feeling generous today and want to put a smile on someones face who lost some money, well you’re welcome fund a starving artist over on patron , purchase my original NFT art here, and I do accept bitcoin. It would literally allow me to keep creating art.
