Dangers awaits ( unofficial listings )

[garry79]

https://www.cryptyk.com/

Is it a scam for you?

[Dragonfund]

You might be wrong though. I have seen a situation where some project DeFi has unofficial listing and they aren't really scam.
DIA project conducted a bonding curve that lasted for 2 good weeks, in other for early bird ls to make quick profit, they decided to make unofficial listing on Uniswap and provided liquidity them self. Since there were price differences between Uniswap and Team bonding curve sell, they were buying tokens from the team and selling to UniSwap for quick profits.
There are also some projects where whale make unofficial listing on Uniswap with huge liquidity that are listed on centralized exchanges such as Binance, Houbi, Okex and others with the real smart contract since they can sell back to the exchange even if traders dump on Uniswap, they wouldn't really bother. Those are business minded people and ready for profit.
However, everyone need to be careful when dealing with decentralized exchanges.

[jacafbiz]

The most important thing before investing into a project, is to know the credibility of the team, if you are not sure, don't buy into it and the second is the tokenmetrics of these tokens, do not FOMO into any project if you not sure of the circulating supply and the vesting period, some good project destroy their project not that the developers are not good but because they gave the VCs control of their tokens

[b1k4ng]

This incident is not something new anymore for those who have joined crypto for a long time, maybe there are some who remember about etherdelta or forkdelta, there are so many tokens that have the same symbol and now the target of scammers is uniswap, but now uniswap has done security by displaying name and contract address before we trade

[Psynthax]

Unofficial listing is rife these days, but they should be easy for everyone to avoid. Everyone should check the real and official smart contract and then look for it on the uniswap exchange or any exchange to not be fooled by tricks like this.

It's easy for people that knows technical but hard to differentiate for people who just barely know about crypto. even though the scam is obvious but so many people are trapped into the scam it's just we don't know it happens because they let it unreported. uniswap should just remove this feature altogether tbh

[TastyChillySauce00]

but unfortunately there are still a lot of people who are deceived by it all, in my opinion to be safer and avoid the token scammers who have the same name, just waiting when it's on coinmarketcap or coingecko, if you can't wait then ask on telegram

The scam token can be avoided when you do know about the real smartcontract that was actually getting published by the developers. It looks like you didn't understand the point. It needs the time for CMC to make verification to the platforms and collect all of the data to be used for listing purpose.
If you can get that information directly from the team and why not? there's not a lot of differences.

[Zeehaxan]

Be careful around unofficial listings, scammers are very active now and they are ready to build any fake tokens with the same name as the unlisted token, their favorite exchange is Uniswap because this dex has the highest volumes and success since the beginning of hype success

1. Be willing to learn first and earn later
2. Ask the team about official listed exchanges
3. Get the smart contract of the project and use that to find the right token on uniswap

I hop this helps some

I think while trading at the decentralized exchanges it is the first or basic rule to check and confirm the token contract address to make sure that it is the same token that you want to buy. So i do not think that any serious trader or person who has used these exchanges will make such a mistake and buy without confirming.

[Twinkledoe]

but unfortunately there are still a lot of people who are deceived by it all, in my opinion to be safer and avoid the token scammers who have the same name, just waiting when it's on coinmarketcap or coingecko, if you can't wait then ask on telegram

The scam token can be avoided when you do know about the real smartcontract that was actually getting published by the developers. It looks like you didn't understand the point. It needs the time for CMC to make verification to the platforms and collect all of the data to be used for listing purpose.
If you can get that information directly from the team and why not? there's not a lot of differences.

Actually, that's the best way how to know the real token, to get the smart contract address from their official website or official social media channel. Better ask the address from the team themselves, and you can never go wrong with that. And then, look for that address on uniswap. Because if you will type the name itself, you may get imitations. So better copy-paste the smart contract address itself.

[Yaunfitda]

Thanks for the warning, yes, I have seen scammers exploited Uniswap dex and create a false token and smart contract address, the name is almost similar to the original one that's why it's hard to detect initially and there could be noobs who have fallen for this scheme and I'm sure millions are also lost because of this trap. Again, to everyone out there, be careful about the Defi and Uniswap hype, check everything and don't be the next victim here.

[forexandcryptoauditor]

Yes, it happened to me when I was new n crypto. Even the coin was listed (officially) on two exchanges, i was able to see trading on two more exchanges which were not in co-operation with the project. Also, the price difference was huge among those. Sometimes I wonder if this is possible without the involvement of teams.

[arufox]

Point no1 is so important, people should learn first. Because if you know it you will avoid getting scammed.
For point no2 even if you don't ask the team about that, if you keep follow no3, always check the smart contract of the project, because no smart contract is same.

[Johnyz]

Be careful around unofficial listings, scammers are very active now and they are ready to build any fake tokens with the same name as the unlisted token, their favorite exchange is Uniswap because this dex has the highest volumes and success since the beginning of hype success

1. Be willing to learn first and earn later
2. Ask the team about official listed exchanges
3. Get the smart contract of the project and use that to find the right token on uniswap

I hop this helps some

There are so many fake token listed on many DEX so its a good idea to ask the team about the formal listing or else you’ll ended up losing your token so don’t trust any exchange easily. Smart contract is the best way to confirm if the project is legit, learn the process first if you’re a newbie and don’t invest without any knowledge.

[santouao]

Great tips to spread so that we can prevent from getting scammed. And basically this is why we need to investigate because learning is a must and lets do our own due deligence in this matter because it is hard to get scam nowadays. We have to deal a great time researching about the prospect project so that it can help us avoid shitcoins composed by a scammer from the market.

[jessyj48]

Good info mate, scammers can take advantage of any new project with unofficial listings, it's better to wait for official listing unless the project token or coin is already available on dex but still official listings is recommended than any other

[kotajikikox]

Be careful around unofficial listings, scammers are very active now and they are ready to build any fake tokens with the same name as the unlisted token, their favorite exchange is Uniswap because this dex has the highest volumes and success since the beginning of hype success

1. Be willing to learn first and earn later
2. Ask the team about official listed exchanges
3. Get the smart contract of the project and use that to find the right token on uniswap

I hop this helps some

welcome to Altcoin world when there are tons of scamming happening,and the sad part?until now there are still becoming victims
even how many threads has been created to help them analyze and learn about how to prevent from being victim.

Look at your thread here as clearly stating how these scammers move but people will ignore this and just go on their way investing.

Good info mate, scammers can take advantage of any new project with unofficial listings, it's better to wait for official listing unless the project token or coin is already available on dex but still official listings is recommended than any other

DEX now is the favorite place of scammers because too much hype and too much Noob that entering and investing
in this Area in which Scammers love to place their strategy.

[Chuky92]

Be careful around unofficial listings, scammers are very active now and they are ready to build any fake tokens with the same name as the unlisted token, their favorite exchange is Uniswap because this dex has the highest volumes and success since the beginning of hype success

1. Be willing to learn first and earn later
2. Ask the team about official listed exchanges
3. Get the smart contract of the project and use that to find the right token on uniswap

I hop this helps some

This is true and it is getting much, hence the reason every project team with the aim of listing on Uniswap will also make it mandatory to state right from the onset that they are not listed on Uniswap, this will go a long way in educating investors on any unofficial listing. Not only that, owing to the fact it is easy for scammers to list a fake token, project team also ensures to add the trading link of Uniswap on their pinned message, so that it will be easy for investors to trade correctly. Lastly, owing to this issue of scammers and Uniswap unofficial listing, this is why it is very important for someone to research first about a project before investing, because it is through this way that the person will know if the token is trading, the exchange and the trading link if possible.