Dangers awaits ( unofficial listings )

[Stanlo]

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

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[Anonylz]

Most unofficial listing are usually done by this small exchange looking for new members and hoping to increase their volume through unofficially listing a popular project, and yes through this means it is very easy for scammers to take advantage so it will be wise to only interact and transact with the official listing from the project team.

[Doranile432]

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

No you are wrong, scammers can even clone any top altcoins that's running on Ethereum smart contract, the token will have same name but different smart contract address, I guess that's why OP said one should get the right smart contract address first

[Doranile432]

I will just prefer to stay away from uniswap, most popular tokens lists on centralized exchanges too, I have kucoin, binance, Okex etc where they lists coins with their right smart contract address, I don't have to worry about if smart contract is correct or not, this shows that centralized exchanges are safer

[santouao]

Scammers are everywhere around the market and we probably can't avoid it but we do can prevent this. Ofcourse we really need to be careful upon choosing what project we're going to deal with. Because learning is better that fast earning.

[Kvalentine]

Unofficial listings can be a trap, do not trade on exchanges that list a token unofficially, most especially if the exchange is DEX, many have been trapped by this before and they never recover their money, stop been stupid and start acting smart.

[tabas]

The contract address is the key to be safe. Always get to check those because if you don't, you'll likely buy those fake tokens.

2. Ask the team about official listed exchanges

Check the team if it's legit because they are also copying the team.

[pungopete468]

That's great advice I personally didn't now about that, great thing that you've brought that up to the community. I really do think that unofficial listing is really risky maybe it's much better to wait for the official listing to avoid getting scammed.

[Greatchu]

Dex isn't 100% safe to say the truth, the only thing DEX got right is users are in total control of their funds but still users can be deceived into buying fake coins, scammers roams free on dex exchanges with full confidence since there is nothing to stop them, you can't sell fake coins on centralized exchanges because every listed coins and tokens on Centralized exchanges have their contract address intact.

[Furryball]

You don't have to be told that unofficial listings are dangerous to mingle with, scammers can easily achieve their aims by making an unlisted token available for sell on their exchange, always buy coins and tokens from officially listed crypto exchanges, as the team through their telegram groups

[Marble777]

in fact that scamers always have many ways to trick their victims. there are many new projects or old projects reviving and offering sweet promises such as tokens soon listed on Uniswap (Hype Defi) with high selling prices. I always advise anyone to be more careful and wise before making an investment decision at Defi.

[concept2]

This is really useful for anyone who wants to ivnest their money in a cryptocurrency start-up project, espiciallt at this high time when the decentralized market seems to have the bull momentum. Many friends of mine have lost their money cause of arbitrarily investing in an unknown projects without making any deep research. This is very irresponsible and I do not condon for this action even they are close friends to me

As an investor, you need to understand the concept of blockchain as well as related project. Many have used the same term and policy to lure people into a fraud scheme. And as long as there are people being deceived, there will always be deceivers.

[Balladtony77]

Some projects are introduced with 'listing on uniswap soon' and later they vanished into thin air, as much as I can tell scammers can take advantage of anything at any time, uniswap and other dex platforms embrace any move from users, freedom that's what decentralized gives to its users and scammers will always be there to take that freedom advantage.

[dimonstration]

That's why it's better to invest in projects we already see in exchanges, since projects who are already in exchange is somehow still risky then what more those projects who are not really listed in top exchange. Many still join in projects that promised them good number and will let them hope that it will be listed sooner until the team gone and the coins will just be useless so always make research before investing.

[Kupid002]

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

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Following social media channel such as telegram or Twitter is the best option to avoid tonot  become victim of fake tokens .

Or else don't use unisswap and wait for other exchange listing .if the project is good enough they will surely make it as priority to list in other popular exchange.

[poodle63]

It's indeed a serious concern because it's the same as phishing or scamming but we can't do anything because it's dex we are talking about where people are being given the freedom and honestly I think dex users should be someone who knows what they are doing. for people who still kinda new in crypto better use centralized ones.

[InwardContour]

Be careful around unofficial listings

Thanks OP for the awesome advise especially to those who are new to uniswap and other DEX in general, however I doubt if there is "official listing" on uniswap, since anybody can add a pair and provide liquidity for trading to commence. The best way to differentiate fake token from real is by obtaining the real smart contract, another way is to check for LOGO if the token logo is on uniswap. Probably you imply projects with logo on uniswap are officially listed, but that's not accurate. Thanks again for the wonderful input.

[kpierce77]

If you are interested in investing in a project, try to get confirmation about the information you get, at least you can ask them on their telegram group or twitter. Currently there are a lot of cloning projects, and some peeps got scammed already, especially newbies. This is what makes communication and social media become very important. always confirm everything before you spend money

[best123]

What you said is true. Alot of scammers are in the crypto-space now. One really to be careful before he/she fail victim of fake listing.

[Sebas.tian]

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

No you are wrong, scammers can even clone any top altcoins that's running on Ethereum smart contract, the token will have same name but different smart contract address, I guess that's why OP said one should get the right smart contract address first

The explanation above you just explained it all, the very best thing we should do at this moment should be to learn the way this industry works before the earnings. But many got this wrong because they thought that earning should be the first thing which is wrong. Learning the technology will create enably environment for the learner to be smarter and be able to scale through the hands of these scammers in any way they tend to go.