Scam Coin On PANCAKESWAP

[DevilSlayer]

Actually I'm not a fan of pancakeswap even though I earned a total of 30 bnb there by just participating in the hype of new listed coin. Usually the coin listed on pancakeswap have a good movement in its first few hours then suddenly the hype will die that will lead the coin to die where its developers and team behind will officially abandoned it. There is also a term which is the "rug pull". I do not consider the coin listed on pancakeswap as trading because it is a pure luck where there is a double edge sword. I'm a trader but I do not use any technical analysis whenever I trade coin listed on the pancakeswap because usually the coins are illiquid.

[FIFA worldcup]

Actually I'm not a fan of pancakeswap even though I earned a total of 30 bnb there by just participating in the hype of new listed coin. Usually the coin listed on pancakeswap have a good movement in its first few hours then suddenly the hype will die that will lead the coin to die where its developers and team behind will officially abandoned it. There is also a term which is the "rug pull".

This happens in every exchange and not just in pancakeswap. How many times we see a coin being listed in binance and it dumps right after the pump.

I do not consider the coin listed on pancakeswap as trading because it is a pure luck where there is a double edge sword. I'm a trader but I do not use any technical analysis whenever I trade coin listed on the pancakeswap because usually the coins are illiquid.

You cannot use technical analysis for the coins which are fresh and newly listed. They have no prior data which can be used for the technical analysis.

[DaMut]

Actually I'm not a fan of pancakeswap even though I earned a total of 30 bnb there by just participating in the hype of new listed coin. Usually the coin listed on pancakeswap have a good movement in its first few hours then suddenly the hype will die that will lead the coin to die where its developers and team behind will officially abandoned it. There is also a term which is the "rug pull".

This happens in every exchange and not just in pancakeswap. How many times we see a coin being listed in binance and it dumps right after the pump.

This is completely different, on binance the chance for them to do rug pull is almost zero because the exchange holds the asset centrally while on pancakeswap it is handled by smart contract. as long as the liquidity is provided, people can pump and even dump it to zero.
it is not about pump and dump but rather it is more into getting scammed.

[Miaallen]

Pancakeswap is a Decentralized Exchange and this allows series of fake projects list and provide liquidity on it and can also withdraw the liquidity at anytime they like. Since the emergence of the SAFEMOON, SAFEMARS and the likes, series of scam shit coins have been listed on Pancakeswap only for them to be used as a means of stealing people's funds.

[CrossroadBTC]

Every dex platforms have scam tokens on them, even uniswap and others like pancakeswap have scam tokens, what scammers do is create tokens that are identical to an original tokens, with same name and different smart contract they can list on Dex and make newbies buy them, this is why Dex is dangerous for newbies

[Taufik blackspade team]

If you really know in detail what you are going to buy or invest in, you will not encounter fraud in it. Nothing new about decentralized exchanges as there are restrictions for each person to contract, the problem is that there are some people taking advantage of the situation to clone good projects and commit fraud.

[arifteguhr]

I've experienced a scam on pancakes due to obscure tokens. now there are so many tokens every day that are indicated as scam.
but because of the high attractiveness of people to be able to get profits quickly, the demand for it is still quite high. The desire for high profits is what makes people dare to make high-risk investment bets

[int03h]

Pancake is a decentralized exchange so any crypto on the BSC can list and add liquidity. Fraudulent projects appear everywhere. I noticed a lot of scam projects on Uniswap in the past and now they will appear on Pancake more. The reason is that transaction fees on Pancake are lower and users are migrating to projects on BSC more.
Be careful with the cryptocurrencies you are going to buy and double-check the contract address.

[raes]

it seems very easy for scammers to get their BSC tokens traded there. This could be bad for BNB as we have seen how this market has been crushed by many scammers. there is no control for them, we have to be more selective in choosing projects that are not clear.

[Congyang]

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?

be careful with coins that are listed on Pancakeswap, because what we know is that the coins on Pancakeswap are not 100% prospects. sseknow we can know that from the wap volume on the pancake swap can be detected whether the coin is good or the coin scam.

[serjent05]

As a decentralized exchange, scam coin plague it but PancakeSwap gives reminders and notification to users especially when the token is recently created.  Aside from that, there is also another scam that mimics the name and the ticker of the coins misleading unsuspecting traders into buying them.  So PancakeSwap always reminds us to check the contract address if it is from the right/original project.

[ongkok87]

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?

That's true there's a lot of scamcoin on pancakeswap mostly are DeFi coins but I don't think they have review it before listing the best thing to do is to do your own research and be a responsible investor in that way there will be a low chance that you will be a victim of a scam or shit tokens.

[Atang Sulaeman]

There will also be fake coins, the most important thing is that we examine before making a transaction at least we look at the address first to ensure its correctness, lest we have transacted it turns out that the address is fake.

[SeaSoul]

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?

The problem is that as far as I know everybody can list a token there. I don't think there is any scrutiny as for the validity of a project. You should make sure you check it out thoroughly before connecting your wallet and adding any smart contract from some unknown project and trade the token without exactly knowing what you are doing.

[criket]

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?

That's true there's a lot of scamcoin on pancakeswap mostly are DeFi coins but I don't think they have review it before listing the best thing to do is to do your own research and be a responsible investor in that way there will be a low chance that you will be a victim of a scam or shit tokens.

every day there are new BSC tokens that are FOMO in several telegram groups. without a clear product, it is very stupid I think some people put their money from hundreds of dollars to millions of dollars.
new people were targeted. because most projects are more active in promoting on social media.
hopefully, there won't be more scammers scamming people in the market. because it can cause negative sentiment to the market.

[CryptoYar]

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

No, it never happened to me!
Because whenever I have to search for a token, I do not write its name on such exchanges as I always try to search by its smart contract address.
You may want to do the same if you want to avoid any scam

[shinratensei_]

The problem is that as far as I know everybody can list a token there.

There will never be a validation to the project listed on pancake swap. Any scam coin can be listed on pancakeswap easily. You must take a look at dogelon, mrat and so many garbage coins being issued on daily basis on pancake swap consider the fees are so cheap to do it.
Pancake is not a centralized exchange site that is fully controlled by the developers.

[iamsange]

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?

A lot of tokens that get rug (i don't know what it called, but some people says rug/rugpul in my country). Need a right strategy to trade new coin in Pancakeswap, for me maybe if you get profit don't hold it longer. Although some coins is success and jump a lot of percent, but not a few which scam and make people lose. So for me, better to gain little profit than face big losses.

[izsara]

all kinds of new coins pop up there every day scam coins and shitcoin of course very much because apart from easy pancakeswap this is like a public service that everyone can also access.
but in this case of course we have to really filter our own choices in choosing the existing token because I think everyone here already knows how to choose a really good token.
although it doesn't rule out the possibility that everyone must have a scam token but I don't think it's as much as expected because those who really understand can definitely tell the difference

[imran101]

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?

This exchanger is brand new. Not long ago it came to the market. Even so, owning one is still beyond the reach of the average person. There are a lot of scam project lists in this exchange these days which is a matter of great concern. Everyone should refrain from such scam projects and encourage others to refrain.
Hopefully, in the future, this exchanger will refrain from listing such scam projects.