Scam Coin On PANCAKESWAP

[SyndicateLabs]

PANCAKESWAP is a fairly new crypto exchange. Many new cryptocurrencies are introduced there everyday.

Are there any scam coins on this site? Did anybody face any scam coins there before?

Not only on PANCAKESWAP that many other DEXs in this market also face the same situation, but I think it is not a bad problem but on the positive side I see its diversity in this field. Easy listing on exchanges can be beneficial and harmful for us, too, and most of these new projects appear this way to be accessible, and part of the people who lose money are the ones who lose money people who are greedy and have no knowledge in this area.

[Shasha80]

Well of course there are many scam coins on pancakeswap, it's a decentralized exchange so any coins can list there.
The only way to prevent you to SCAME is do your own research the Project, know their Product, what are the use cases of the Coin.

Check liquidity. development of platforms and also smart contracts. This is an essential or basic thing if you are interested in buying altcoins that are listed on the Pancake. because there are hundreds of tokens that are indicated as scam. There have been many cases of people being scammed as a result of them getting caught up in the high hype when people say they will experience a high rise. if the price is over priced, don't force it to buy if you are not ready for the risk

Always update yourself with the current market movements, you'll be able to  know the project if you are updated

and not just following the hypes. Most of those who failed doing their research are mostly the victims of scammers,

they use alluring offers to get the attentions of those traders and investors to participate and also invest their money

to shit projects that leads them to ends up losing their money.

Not only on PancakeSwap there are scam coins, but on all exchanges there are definitely scam coins. So always do research on the coins we want
to buy to avoid us investing in scam coins, check all updates regarding these coins. If the coins on the developer team are rarely active and make
updates, it is an indication that the coins are scam. The most important thing is not to be easily attracted to coins that promise big profits in a short time.

[SeaSoul]

Well of course there are many scam coins on pancakeswap, it's a decentralized exchange so any coins can list there.
The only way to prevent you to SCAME is do your own research the Project, know their Product, what are the use cases of the Coin.

Check liquidity. development of platforms and also smart contracts. This is an essential or basic thing if you are interested in buying altcoins that are listed on the Pancake. because there are hundreds of tokens that are indicated as scam. There have been many cases of people being scammed as a result of them getting caught up in the high hype when people say they will experience a high rise. if the price is over priced, don't force it to buy if you are not ready for the risk

Always update yourself with the current market movements, you'll be able to  know the project if you are updated

and not just following the hypes. Most of those who failed doing their research are mostly the victims of scammers,

they use alluring offers to get the attentions of those traders and investors to participate and also invest their money

to shit projects that leads them to ends up losing their money.

Not only on PancakeSwap there are scam coins, but on all exchanges there are definitely scam coins. So always do research on the coins we want
to buy to avoid us investing in scam coins, check all updates regarding these coins. If the coins on the developer team are rarely active and make
updates, it is an indication that the coins are scam. The most important thing is not to be easily attracted to coins that promise big profits in a short time.

Absolutely but I think the bigger centralized exchanges try their best to ensure that no scams can make it onto their platform. They can be as wrong as w can b with our due diligence, but they do invest resources to gather sufficient information in order for their listings to be safe for the users.

[Shasha80]

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Not only on PancakeSwap there are scam coins, but on all exchanges there are definitely scam coins. So always do research on the coins we want
to buy to avoid us investing in scam coins, check all updates regarding these coins. If the coins on the developer team are rarely active and make
updates, it is an indication that the coins are scam. The most important thing is not to be easily attracted to coins that promise big profits in a short time.

Absolutely but I think the bigger centralized exchanges try their best to ensure that no scams can make it onto their platform. They can be as wrong as w can b with our due diligence, but they do invest resources to gather sufficient information in order for their listings to be safe for the users.

Why is it so difficult for new projects to list on popular exchanges like Binance, because usually popular exchanges want to protect their users from
scam coins. Therefore they will check strictly, before deciding to accept the new projects. That's why I always recommend using popular exchanges
to avoid investing or trading on scam coins.

[Princeofpoetry]

It's common for a scam project not only in the pancake but also in the big market, there are also several scam projects. just hit and run. I always do mini research before investing, usually I will see how many holders and the latest information on social media

[Cappex]

PANCAKESWAP is a fairly new crypto exchange. Many new cryptocurrencies are introduced there everyday.

Are there any scam coins on this site? Did anybody face any scam coins there before?

one of the problems of having a decentralized exchange is allowing anyone to create a token with negative intentions and sell it, do your research before investing.

[Rabi3]

if you know that anyone can create a token of their own on pancakeswap, just be sure that scammers will create their tokens there, even you can create one and fool people, so you should check and verify a token's contract before bying it, and always do research about newer ones.

[Ziskinberg]

if you know that anyone can create a token of their own on pancakeswap, just be sure that scammers will create their tokens there, even you can create one and fool people, so you should check and verify a token's contract before bying it, and always do research about newer ones.

Since scammer still exists, we can never avoid that and they will take advantage of the market whatever they wanted and wherever they do. They will come and trick people giving a huge gain as an attraction but behind that very ambitious words, they are making you as prey.

This is not a new issue, so we have to be careful and cautious of any actions we've made otherwise, we fall into the trap.

[dikistutmazsabri]

When we look at the exchanges with millions of users, we see that they do not list all the coins in the market. This means that only successful coins can enter such exchanges. But if a large number of unknown new coins and tokens are listed on pancakeswap, a question mark should arise there. these cannot all be successful coins. There may be dozens of coins created for fraud in them. these must be paid attention to. be careful.

[SeaSoul]

It is impossible to avoid having scam coins on Pancake swap. It is open to everyone to launch their contract on top of it, also scam coins of course. We need to pay attention, there is no way around it.

[wayaneka]

Create BEP20 or ERC20tokens is easy and many bad people use it to scams other trader, and the tokens can be listed and traded freely on swap platform without permitted. Before trade on the swap platform , we should check twice the smart contract of the token because there any different token with the same symbol . And there are also many token created without product and the developer created it only for scam, by pump their token itself and then dump it by sold all of their tokens included tokens on LP.

[wallet4bitcoin]

Pancakeswap is decentralized exchange. Everyone can list their token here. Already too much scam token listed at pancakeswap and it’s normal for a LP based listing. Even, You can also list a token in pancakeswap. Before investing in a token, You have to research about project.

[repear7]

Pancakeswap already say it to everyone. Pancakeswap is liquidity pool based exchange and anyone can give lp here. Some bad people create scam token and list that on pancakeswap. We have to be careful of them.

[Smitty Werben Man Jensen]

Pancakeswap already say it to everyone. Pancakeswap is liquidity pool based exchange and anyone can give lp here. Some bad people create scam token and list that on pancakeswap. We have to be careful of them.

With the development of the times, in my opinion, fraudsters are also smarter in their actions and they also have strategies,
Of course this is troubling for everyone and indeed we need to be extra careful,
I hope people don't get caught up in that scam

[Chathusand]

I believe anyone can post their coin for trade on pancakeswap because it is a decentralized exchange. However, all of the pancakeswap's official coins are good. There hasn't been a scam coin there that I've seen. At the moment, I just use three coins: cake, banana, and nuts.

[reza7777]

It is very easy to list tokens on pancakeswap and it is also very easy to create tokens with the same name, for that you all have to be careful when trading on pancakeswap and always check the contract
In pancakeswap it's not just 1 or 3 scam tokens but there are already hundreds of tokens

[mbakruroh]

PANCAKESWAP is a fairly new crypto exchange. Many new cryptocurrencies are introduced there everyday.

Are there any scam coins on this site? Did anybody face any scam coins there before?

Swap exchanges have trash tokens, they can add tokens easily in swap platform. Of course we can learn the details of the token from the smart contract. If indeed the token is not an official token, then we can avoid not buying it. Unlike the centralized exchange. Token holders must register on the exchange to be able to trade tokens.

[Maslate]

Are there any scam coins on this site? Did anybody face any scam coins there before?

This was not new to the market, scam projects are spread around and they are targeting more on the new exchanges.
Yeah, I admit that I'm holding some scam coins but I manage to sell them to not known exchanges like I even converted it using swap exchange. But honestly, these coins could sometimes give you a huge profit if we are lucky, yeah, and I did some. I'd never hesitated to sell them once I've seen that they already listed to any exchanges, I certainly don't lose any opportunity as this shit/scam coins can be totally dead soon.

[Gbniman]

Pancakeswap is a decentralized exchange running on Binance Smart Chain, with lots of other features that let you earn and win tokens.
In Pancakeswap it easy to create a fake coin but to be sincerely you need to verify the contract address of the coin you want to trade before Making a move to trade.
It easily to get scam on Pancakeswap not all coin are real to trade on Pancakeswap so you guy's just have to be careful.

[FlamingFingers]

PANCAKESWAP is a fairly new crypto exchange. Many new cryptocurrencies are introduced there everyday.

Are there any scam coins on this site? Did anybody face any scam coins there before?

The rate at which scammers list and dump coin on PancakeSwap is quite disturbing, hundreds of coins are listed each day, the percentage of the legit project there is not up to 30%, asking if there are scam project from PancakeSwap is quite realistic, until you witness's it before you will understand the answer to the questions