Hi, I want to know why and how the scammers

Question

Hi, I want to know why and how the scammers

can just create fake token addresses to be launched on pancake swap like that. Pancake swap don’t need to verify and approve them first?
I am concerned for victims to fall into scam.

#cake #cryptocurrency #de-fi #english

0

07.01.2022

15 ответов

22 просмотра

Combot

Pancakeswap is a Decentralized Exchange on Binance Smart Chain. Any teams/project is able to add their tokens to the exchange by simply providing liquidity. As the exchange is decentralised, the team have no control on the tokens added to the exchange so it is important to DYOR.

0

07.01.2022

YX Автор вопроса

Combot
Pancakeswap is a Decentralized Exchange on Binance...

Oh sigh. How do they provide liquidity?

0

07.01.2022

Apos (Never DM first)

YX
Oh sigh. How do they provide liquidity?

Anyone can make token on DEX always DYOR before investing in to anything, to be safe.

0

07.01.2022

YX Автор вопроса

Ok. If we find them to be scam, can we report to you and then you prevent them? Or you can’t do anything? What liquidity they provide? Is it like they paying fees to add new token address?

0

07.01.2022

Apos (Never DM first)

YX
Ok. If we find them to be scam, can we report to y...

Pancakeswap is dex we can’t ban tokens or users.

0

07.01.2022

YX Автор вопроса

Apos (Never DM first)
Pancakeswap is dex we can’t ban tokens or users.

Yeah understood because it is dex. How do people provide liquidity to add token address?

0

07.01.2022

Apos (Never DM first)

YX
Yeah understood because it is dex. How do people p...

!pancakeswapguides

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07.01.2022

Combot

YX
Yeah understood because it is dex. How do people p...

PancakeSwap Misc Guides — How To Yield Farm On PancakeSwap — How To Trade On PancakeSwap Exchange — How To Join The Lottery On PancakeSwap — Complete Short Guide to PancakeSwap Wallet Guides — Metamask Wallet Guide for BSC — Ledger Wallet Guide for BSC — Trezor Wallet Guide for BSC — Math Wallet Guide for BSC — Trust Wallet Guide for BSC (Android) — Trust Wallet Guide for BSC (iOS) — SafePal Wallet Guide for Pancakeswap — SafePal Wallet Guide for BSC Audit Report — Pancakeswap Audit Report by CERTIK

0

07.01.2022

Apos (Never DM first)

YX
Yeah understood because it is dex. How do people p...

The first guide above ⬆️ explains how to add liquidity to farms.. anyone can do it, some farms even have great rewards in form of cake.

0

07.01.2022

YX Автор вопроса

You mean that the scammers who add liquidity to farms are qualified to add/create new token address? Like that?

0

07.01.2022

Apos (Never DM first)

YX
You mean that the scammers who add liquidity to fa...

Anyone can make token.. some tokens don’t even have liquidity or they have 100% tax that’s go directly to liquidity of that token after someone try to buy it.

0

07.01.2022

YX Автор вопроса

Apos (Never DM first)
Anyone can make token.. some tokens don’t even hav...

I see. On pancake swap, how do they make token?

0

07.01.2022

Apos (Never DM first)

YX
I see. On pancake swap, how do they make token?

I can’t teach you how to make smart contracts.

0

07.01.2022