Scam Coin On PANCAKESWAP - page 8. | Bitcointalksearch.org

shinratensei_

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Quote from: devil2man on March 24, 2021, 06:50:13 AM

for me pancakeswap is trusted and i have never met token scam inside it, is one of the flagship exchanges / defi on the bsc blockchain, obviously being decentralized a minimum of risk there it is always be careful when use it

It's caused by you are trading trusted coins but when you were a part of defi investors and you will be seeing there are a bunch of spam tokens appeared on the BSC too.
The same thing also happened with ethereum a long time ago when ico was booming and ethereum chain got flooded by scam token.
Pancake was a uniswap in the BSC chain.

rhomelmabini

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Quote from: Kongxx on March 24, 2021, 12:34:03 AM

PANCAKESWAP is a fairly new crypto exchange. Many new cryptocurrencies are introduced there everyday.

Are you any scam coins on this site? Anybody faced any scam coins there before?

You can't face scams if you knew the real products you wanted to bought in the first place, you can really avoid that. Decentralized exchanges isn't new in this since people can just deploy some contracts and the worst is, people do tend to clone some good projects just to exploit some scams.

khiholangkang

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Quote from: Kongxx on March 24, 2021, 12:34:03 AM

PANCAKESWAP is a fairly new crypto exchange. Many new cryptocurrencies are introduced there everyday.

Are you any scam coins on this site? Anybody faced any scam coins there before?

Pancakeswap is a decentralized exchange, every token created in the BSC network can be traded there automatically without prior approval from Pancakeswap. If you find a scam token, this is not a strange thing because in all DEX exchanges, not only Pancakeswap is the same.

Traderbtcc

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Quote from: Kongxx on March 24, 2021, 12:34:03 AM

PANCAKESWAP is a fairly new crypto exchange. Many new cryptocurrencies are introduced there everyday.

Are you any scam coins on this site? Anybody faced any scam coins there before?

AFAIK pancakeswap is a decentralized exchange (DEX),which as we all know listing on DEX's is not controlled by anyone, so definitely there are scam coins that are listed there, just take Uniswap for example it's a DEX where any ERC-20 token can be listed there, and if you go on uniswap you will come across alot of dead shit coin lying around same goes for pancakeswap, there are several scam coins there cause it's free to list on a DEX Tongue

, scammers use that opportunity to list and make investors believe the coin has a future just because it's listed on a DEX.

TastyChillySauce00

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If the platform allows any stranger to list their forged coin there it certainly has some scam coins. That's always the case with these kind of swap platform or decentralized exchange that runs without human intervention.
Speaking from devs perspective, you just can't filter the coins if there's so many submission and you're not getting paid for it. so just bear with it and always be careful when trying to use decentralized service and always check contract address just in case.

JeffBrad12

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Quote from: Kongxx on March 24, 2021, 12:34:03 AM

PANCAKESWAP is a fairly new crypto exchange. Many new cryptocurrencies are introduced there everyday.

Are you any scam coins on this site? Anybody faced any scam coins there before?

There are lots of scam coins on pancake swap and that's a common thing consider pancake was a public swap service like decentralized exchange site and that allows anycoin that was getting issued on the binance chain to use it as a way to exchange.
You can't prevent the scam coin to be listed on the pancake caused by it was running by the contract address.
Try to use some effort to search the news about the scam coin on the binance smart chain or pancake swap.

mersal

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Quote from: Bttzed03 on March 24, 2021, 03:16:10 AM

I don't know the process of listing there or if there is some sort of token screening before it's listed.

AFAIK, in a decentralized exchange there is no screening process and anyone can list their tokens means on pancakeswap also anyone can list scam tokens and the user should take care of the projects they are trying to do.

Probably a bit off topic but for your info : https://www.youtube.com/watch?v=KQx3AhmPp6Y this is a tutorial about the listing process on pancakeswap which is bit longer 27:34 but if you have time then enjoy it. Cheesy

Bttzed03

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https://bitcoincleanup.com/

I cannot keep up with the number of tokens and liquidity pools launched there everyday let alone check on scam coins. So far, I haven't had one because I only stick to projects I am familiar with (most of the time). I don't know the process of listing there or if there is some sort of token screening before it's listed.

To lessen your risk of ending up with scam tokens, always check if their code has been audited by a reputable third party.

Kongxx

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PANCAKESWAP is a fairly new crypto exchange. Many new cryptocurrencies are introduced there everyday.

Are you any scam coins on this site? Anybody faced any scam coins there before?

Topic: Scam Coin On PANCAKESWAP - page 8. (Read 936 times)