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please delete this topic.

I saw this project. Actually almost all of uniswap new projects has no product at all but still pumped. I confuse with this but probably a shitcoin do everyonr must be careful. Having no whitepaper is ared flag. Thats a good basis of the project if this is real and has goal to launch and develop their project in the long run.

I have mentioned it before, the team is unknown , they don't have a white paper, git hub, a newbie as a bounty manager, Of course it is something happening with this token, I just don't know why some high rank members are using its signature!

I think they are just flowing with the hype that Uniswap has done. With all the news regarding it

Uniswap payday, ETH transactions hit record high, EU backs stablecoins: Hodler’s Digest, Sept. 14–20 (https://cointelegraph.com/magazine/2020/09/20/uniswap-payday-eth-transactions-hit-record-high-eu-backs-stablecoins-hodlers-digest-sept-14-20)
Uniswap Users Say Uniting Can Strengthen UNI (https://www.coindesk.com/uniswap-users-uniting-union-uni)
Uniswap Price Forecast: UNI ready for a bullish assault, once $5.7 is cleared (https://www.fxstreet.com/cryptocurrencies/news/uniswap-price-forecast-uni-ready-for-a-bullish-assault-once-57-is-cleared-202009211016)

Maybe these scammers have victimized some people already linking to those articles and then letting people "invest" in the so-called UniDapp.

For every successful project there are 100s of project trying to copycat and ride the wave and do some quick buck . Never follow the project name or the current trend do proper research on the team .

The problem on DeFi was there's already successful project in terms of trading volume that has a anonymous team without a whitepaper like $YAM, $Sushi and many more. I remember one time some random team offer me a marketing manager for there upcoming token sale, They don't have whitepaper and team is anonymous. The only thing they are holding is there website that has a staking function for there coin. Right, they still have loyal investors and the coin daily trading volume on uniswap is around 100k USD. Imagine there is still many people that riding this kind scheme in exchange for a quick buck profit.

Now there will be a wave of hype with Defi against the backdrop of the success of UniSwap in order to deceive people. You shouldn't even look at new products in this area, since such "startups" do not have any product. It is because of such scammers that trust in cryptocurrencies and projects is crumbling.

I have no doubts about that, many projects have followed the success of the previous DEFI projects. For example, a series of projects start with the letter Y.
UniDapp is being promoted by a bonus campaign. Their only purpose is to raise capital through Pre-sale and earn profits like other projects. Nothing is certain because their source code is undeveloped and their team is anonymous.

I have participated in the bounty of this project for two weeks, if they are going to be a scam, then it doesn't matter to me because it only takes two weeks for them, but if, for example, I get paid, I will immediately sell it at any price, because I don't expect a lot on this project.

Many new projects simply want to benefit from the defi trend and looks like they are really cashing in as people are chasing every new project.
Regarding no product, I have seen new projects even without any website or whitepaper and 90% of these projects have anonymous teams and all this seem to done in a hurry to take advantage of the trend.
Unidapp looked good initially, I liked the design and graphics on their website but only time will tell how they come up to be, as many projects have been doing good on uniswap so we would have to give some time to unidapp and if someone thinks that it is a suspicious project then he should avoid investing.

Really sad.why don't you create a post Scam Accusations with proper way. If you do that they will be tagged on bitcointalk and people can confirm that the project is a scam. They are taking advantage of Uniswap. you should create a scam post ASAP with proof. Thanks

In general I do not agree anonymous teams and projects without whitepaper are scams but for sure,,, if you have no product and want to sell a token, then stay away. Telegram is buzzing again with new defi projects every 10 minutes so yes, be extra careful guys. Not worth your time and money.

It's bound to happen, I mean with the current hype and lots of noobs blindly trusting this kind of projects without doing their investigations, they will be popping like mushrooms again trying to lure and victimised unsuspecting noobs who thinks that there is easy and free money in crypto. So everyone should be very vigilant and report this kind of dubious projects so that it won't spread like wildfire in the ecosystem and destroy those legit projects.

I have also checked their telegram channel and their are many fudders but the admins are still claiming that the project is on track and everything will be sorted out but there is something wrong because there is a lot of negativity in their group.
So i think the team should be responsible, they should come up and clarify all things and may be do an AMA session to boost confidence among community otherwise this situation can be damaging for the project.

I do not think we should call it a scam at this moment, they have good community and their presale rounds have been successfully sold out so why panic? I think they should be given more time to develop their product as with each new project we wait after investing in their tokens, calling scam to a new project can damage the reputation and discourage developers so lets wait and see.

In addition to what you said, they were promoted by crypto potato news channel with warning as paid advert.
What I don't understand with this team was their way of marketing strategy.
They conducted two Bounty, second was cancelled and the first one was having pending payment. I don't know if the manager has receive the fund for participant.

As someone stated above if there will be a new update that will come this week. A few days are not so long to be waited by us to make sure whether the developer and owner have the good intention to make everything will be clear for sure.
So many people are still waiting for the unidapp to be listed on the uniswap too as someone has already added it and add very small liquidity in the uniswap.

We will see that in the upcoming days.

Define the (scam) DeFi (https://bitcointalk.org/index.php?topic=5273078.msg55114472#msg55114472). At a day when people realize that potential DeFi projects are actually CeFi projects instead, it will too late for them to cut loss at good percent of losses and get out of scam DeFi.

Thye have a lot of active members in their telegram but do not be deceived telegram is not and will never become an indication if the project is good they claimed that the project is already listed in Ijust got this from the their support team

Most of them claimed as the part of the team or the hardfork of the original project, this is alarming at the first place. There's a lot of scam project, yet people are keep on joining their bounty program and by this we are helping those scam project to spread out in the cryptoworld. The hype of DeFi project is huge so many projects are joining that hype, stay away to a project that don't exist at all.

The most amazing thing in this whole situation is that we ourselves help such projects by doing advertising for them. It would seem that everyone perfectly understands what is happening, but as bewitched we do it. How can this be explained? Hopefully, it won't affect us, or what?

When a big project succeeds, more projects come to market following that project, but most of those projects are aimed at scams using that hype. We have already seen a lot of projects come to market using the same formula and later scam projects have run away with investors' money.

However, there is no clear idea about this project yet, so we should give them time to come up with their next update

Yes, this is very suspicious. They sell tokens while there is nothing besides the roadmap! There is not even a finished beta version! We need to be very careful with this project!

hmm, I also feel a little doubtful, unfortunately they are promoting on this forum too, it's a shame because some people find it quite interesting.
maybe because of the hype imitating uniswap, they try to make their own project hopefully the bad news is not true and hope everything goes well.
I am worried about investors who buy their tokens, especially now that the economy is difficult  :'(

This is the advantage of using uniswap, they can easily add their own token without passing any strict requirements from the exchange.
I have seen this Unidapp project also, and seems that they are good in promoting this project as they attracted a lot of bounty hunters.
But wonder if they have real product offering here. Maybe after couple of months in uniswap, they will be gone also. Let's see.

They have a bounty program https://bitcointalk.org/index.php?topic=5273984.0 and it is ended already. They already have the money from the investors and so much worried if they will go after this.
The participants are now waiting for their rewards. If they are committed to this promise, then, our assumptions might be wrong. Well, it can just be easy to speak out but the question is if they will get listed into high volume exchanges.

The UniDapp bounty campaign was running for 2 weeks. All members are the same and agree to support a short time campaign even though it has a low budget. I'm against a short time campaign because good projects can't be ready to succeed in a short time. If Binance exchange coins are delisted than why Uniswap listed coins won't. Although I found so many CMC listed scam projects.

I have just visited their websites (https://unidapp.app/) and that looks so simple. But, as you said, we cannot find any information about them, including their team, whitepaper, or even the location of them. they do not give any important details to make many more people believe in this project. How can they think to attract the investors if they are very limited in this term?

I do not know exactly whether it is a scam project or not. But personally, I prefer not to follow this kind of project,. moreover it is like following the success of Uniswap.

As per my observation regarding these new DeFi tokens, most of them whenever they are getting listed on an exchange especially on Binance they are pumping for quite a short amount of time and then will get dumped immediately. You can make a trade with it actually if you are a good trader and know when to entry and exit and make a few bucks on it.

Now regarding to this project. No whitepaper = scam. No product = scam. Not transparent = scam. I saw that they have launched a bounty campaign. I just hope that they will pay the bounty hunters though :X.

Let's wait for the team to deliver what they have already promised before. I have seen some people have talked about the support and the owner in the telegram group and so far they are still giving response and feedback for those who have asked about these things.

We will see what will be happening this week and if there will be a delay for that and then we could call that project as a scam.
Just wait and see.

Please don't spread a bad news without any data.

You can share all your opinion about the project in this forum with data, without that there is no one who will trust you.

Also, if you have the data please move this thread to the right section https://bitcointalk.org/index.php?board=83.0

we cannot judge a project as a scam, in my opinion because there are many other considerations
This is an illustration from me. What happens if Bitcoin is launched after Ethereum? does bitcoin have a clear white paper? was the developer published?
please play with your thoughts

for me.. I think it's too early to call unidapp a scam project.. yes the coin developers are unknown... and they dont have a product and the whitepaper is still not in pdf format..

but what somehow.. these guys managed to raise over 500 ethereum in 3 rounds sale.. and they're promising to release their beta text before the end of next month.. and whitepaper in pdf will be Available this week.. .. it's not as if.. project who release their whitepaper in time means the project is legit.. so far.. funds raised are still in the wallet of contribution.. so I really dont see the scam in what theyve done.. let's be guided..

I personally had a chat with the coin developer.. and to me.. I see no reason to call unidapp a scam.. the bitcointalk community is too toxic.. and are quick to call anything that doesn't go the way they expect it a scam...

the dev hasn't run a way with your money... but you call it a scam because the product is not out.. as if.. 90% of altcoins with value to have any product to show.. smh

I'm sure you're not a investor... probably a bounty hunter who got banned from the group... for constantly asking about bounty related questions in the main chat.. this thread should be moved the the trash section.. where it belongs

The project got nothing, you will see in a few months. It will scam you and I will be right. Their website is sucks there are more descriptions of DeFi neither the project. Don’t be a fool

There are too many fudders about unidapp around but everyone is given a chance untill proven guilty.
So everyone who is calling unidapp a scam what will they say about the team being blackmailed by fudders, you can find details in this thread: https://bitcointalk.org/index.php?topic=5277870.0

Actually, the defi coin being traded at Uniswap has no official information but its price is still up. I don't matter if it's a real product project, I'm just concerned about the team's price push after listing on Uniswap.
Currently we are still in the defi trend so projects like Unidapp can still increase strongly and do not need many reasons. So whoever is the investor, do not worry too much, please wait patiently.

they will scam?? but you're already calling them a scammer when theyve not.. atleast... give one tangible proof of how theyve scammed you?  if everyone was as negative as you.. then bitcoin would've never existed.. I've been scammed by lots of defi projects this year.. even the once who provided their whitepaper in pdf and link to their GITHUB.. as it stands you have nothing against unidapp.. probably just a troll


just so you know.. you risk getting a negative trust .. if it turns out they're not scammers

Ok, provide me their github

When you look at the website, it is a basic template that is suitable for every ICO. What does it mean? They even don´t spend enough money to make unique website design to attract investors. If they are not convincing at the first look, then there is something wrong, right?

Understand that, 90% of all Defi project got nothing to offer than to copy, paste and edit the characteristics of previous Defi project and what most of them are doing is creating hype since crypto investors are now following the Uniswap Defi market.
With that been said, you charged the project of been scam but I didnt see anything inform you provide show they are really scam, why?

I have looked into the project, so many red flags for me, the only thing the team have to show is the screen shot of their exchange. I don't think the team is capable to launching what they promise unless if they fork project like Serum but Serum for now is still under development and they need a lot of work to do to sell that to people. Although, I may be wrong

Based on the roadmap stated on their official website, they will present their white paper this September although there are only a few days left before September ends. So, I will suggest waiting and review it first, as it has a comprehensive explanation about the idea of the project, it could help us to process of making decisions. Others are doubtful about this project because they can't find the significant information which should be looked at before taking the risk. As a result, they can't help but think differently.

So many copy cats defi were also using the same template as the old one that has already used by YFI.
Just wait until the end of the month to make everything will be clear. If the team can't prove what they have already said before and just tag them all as scammers.

So many investors are still waiting for the liquidity add to the uniswap of unidapp too.

I am not invested in it and I am not defending this specific project, but all of the mentioned "red flags" can be found in more than a half of the upcoming DeFi projects, so to call out this specific one is kinda suspicions, especially if you take into account that the project is not even hyped or regarded as a safe investment. It smells like the OP is trying to stir up some FUD just for the sake of it.

you've just said it all brother you've just said it all..  unidapp released their whitepaper and added liquidity on uniswap yesterday.. project like IMF and bethero  which investors claim were transparent has exited with over 1k ethereum

there is a link to unidapp whitepaper which was released today..
https://unidapp.app/2_5436090869042120635.pdf

The whitepaper was released recently, perhaps they heard the outcry of investors. I see no reason why silent on development update if they are guilty. I hope they list on Uniswap as soon as possible to cool Fuders.
This is what you get when you invest on sophisticated alts

Currently, the UDP token is traded on Uniswap at a price 2.5 times lower than that at which it was sold in the preliminary round. Of course, everything may change when the beta version is launched and tested, which is promised in October. But so far, it doesn't look good for investors.

I don't want call this project is scam, because this token already list in Uniswap and token from presale already distribution.
I'm joining their bounty campaign, the bm said bounty reward distribution is 10-15 days after list in uniswap.

Yes exactly. Bounty manager said bounty rewards will be distributed 10 days after listing:


The token has been listed on Uniswap for a few days, so I think that rewards will also be paid within a maximum of a week.
Let's just wait a few more days.

However, the price looks very bad.

In order to make a listing on Uniswap, you do not need to negotiate with anyone. Anyone who knows the address of the contract can do this. According to https://etherscan.io/tx/0x936db61bddf0b5268b2fec24af65b3d2338fb748c34a430d4c2e4b502da22f21 two hours ago, 2568805 UniDApp (UDP) were burned, which were not implemented as part of the pre-sale.

If there is no need to negotiate, can anyone be included in Uniswap with the existing smart contract? I still don't really understand

But I am sure UNIDAP will continue to try to convince us with their true goals with the accusation that they are indeed entitled, but we will see what happens next with the burned token is a sign of their seriousness.

providing the github is important because its the way to see whether they didn't just copy their protocols from uniswap. but basically unidapp looks very similar. they even have v1 and we dont have any idea what was in it or if it was even used before and then upgrade to v2.  ;D

base on the info https://uniswap.info/pair/0xf43ec5a69164cab9b51855ec4ce6b948788f5312
they do have $20k volume a day which is a good start. should we buy or not, its the risk to take  ;D

It's good to hear such such great news about Unidapp. There's a lot of people talking about this project because of lack of proof that they are real. Project team and whitepaper are one of the biggest part to proof that they are real and not another scam. There's too much expectation about the Unidapp. I think it will hit once they fully operated. Unidapp need to give their participants and followers proofs. People need to know who the project team. We should better to give them a chance and wait for their updates and announcements.

I think if the prize that you should be able to get but still doesn't get the result then it is the fault of the developer who doesn't keep his word but there may also be other reasons such as holding all the assets of the participants so that the price does not collapse because so far when the results are shared with the risk of collapse is very high.

Well many people are starting to think that uniDapp is a scam project but I can't be sure now to say that.The reason that many are suspecting this project is because of so many reasons the first one is lack of whitepaper and secondly none of the team members are known upto now but still we should not jump to conclusions too early we rather give them more time to see what happens next.

I don't think that this is a scam project. because there is no valid proof. also few days ago saw a post that someone asking for 300$ to remove the negative post about UniDapp in telegram. So without valid proof, we can't say that this project is a scam. 

This is honest truth because alot of Defi project have being in existence before now and not making waves in the market as we speak but new Defi project are pumping in price simultaneously without anything behind the surge in price. I hope Defi investors understand that 95% of all Defi project are bubbles

The project is not a scam until proven guilty.

First thing, if they don't have whitepaper then how we will come to know about the project? this is the basic thing. Also if the team is unknown then for us it is like shooting in the dark. I believe its a scam.

That post or accusation can't be considered as a strong accusation as there was no enough evidence to make it as a strong accusation.

I have been seeing the developers were adding the small amount of ethereum to liq pool of uniswap. It looks like so many people wanna leave from this coin as the liq got drowned in a short time.

You have outdated information. Whitepaper has been already published:

https://unidapp.app/2_5436090869042120635.pdf

It's very hard to trust projects like Unidapp because they have less information and website looks cheaper too, also there is no information about team, it looks more like another new project that wants to ride the DeFi hype and as for those talking about whitepaper you need to understand that whitepaper isn't the most important part of a new crypto project this days, do not trust whitepaper.

I think the project is a scam, when you check their telegram group, all the talk is about the price and nothing about the exchange they claim they want to build. The most important thing for any team is their project, they will talk more about their project, the release and some even warn people not to talk about the price on their main telegram group.

I saw some signature campaign in here from Unidapp, was running by a newbie!!
That was then I get suspected and checked their website, I bet it was designed by a baby boy, didn't have any white paper or some strong team, also team was hidden, I would never invest or trust in any of these projects and I'm not wearing their signature to help scams!

DeFi hype is becoming all popular and I'm sure with time we are going to start seeing the obvious scam like it was and it is with ICO. Every project came with ICO on the etheruem platform but majority were scam and that to me is one factor that affected etheruem from ATH and investors are now running over to the new hype.

I was one of the participants in it at that time, but it doesn't matter if it turns out that the Unidapp project is a scam. it's just that I wasted 2 weeks promoting the scams project at the time. This is an important lesson especially for myself. at first I thought the project was promising and in the end it turned out to be a shady project.

I think unidapp is a scam project. At  first they launch a bounty for 2 weeks. After 1 week, before ending the 1st bounty they launch their 2nd bounty by a different bounty manager. They are very greedy. Due to DeFi hype they just want to scam people.

That is the problem when it comes to distribution payment of the rewards were most of the time in the project like this always delayed.
This is the cycle most often happened for the bounty hunters where hunters always became poor on these things. But as I can see with their telegram channels are too active based on my assessment.

If that is the case, it definitely doesn't look good for investors, but this has nothing to do with it being a scam, or better put, it being accused of being a scam. Market conditions right now are pretty bad, so even semi-hyped projects are struggling atm when listing, for example, Rio, so I am not surprised that UniDapp, an obscure project is taking a deep dive price wise.

Isn't it the same thing that applies to 90% half baked defi project that has been popping up in the market lately, it is no longer news, unidapp and other similar defi project are the same, they have nothing to offer except the usual hype and being listed on uniswap,

We all know that such foundations will not last for a long time, temporary hype is not enough to support a project long term, plus I can't find any details about the team members in their website, they may say it is not important but I think it does, there are lots of red flag so everyone should be careful.

I have seen the bounty run at once in one period and I suspect there is something wrong even though the second manager has canceled both bounties. I no longer see the Unidappp bounty running after reports of suspected scam associations.

Im not sure about this as the team didn't even wanna appear on the group. just look at some people that were actively asking the same thing and they have not gotten any answer from the developers.
The liquidity that has already added to the uniswap is really small compared to what they have gotten from the pre-sale or sale.

The team looks so crap. Full with BS.

A super high risk project and the price has already dumped a lot too.

Such manipulations, I believe, are even more than suspicious and the community should give its own assessment of such manifestations, which will definitely turn out to be a fraud. And the main thing is not to fall for the bait of intruders.

I don't think you will be surprised when you see a bounty campaign that ends like that because the developers actually have gotten a lot of money. so those developers ignore the bounty manager and their participants who are tricked by their project, so I suggest to stay aware of what steps you choose.

Thank you for the reminder,i have saw this unidapp before,but i did not pay more attention on it,haha,it seemed as if my idleness had saved me from the possibility of a fraud.New projects come out every day and inevitably some are scam items,crypto world like the real world,we need to remain vigilant at all times.

vigilance should be number one in the crypto world as scammers start their action from any angle but I saw in the telegram chat Undidap Team was still trying so that their tokens are sold to the maximum so my speculation hasn't been said as a scam entirely because there is still development there