Hi everyone,
I just want to tell everyone about the new scheme of the scammer to scam. especially those people who really doesn't understand much about centralized and decentralized trading platform.
I have read several people posting about
arbitrage coins like for example MTV arbitrage
Please check this link as an example:
https://bitcointalk.org/index.php?topic=5050943upon checking what they the link that they are using, you can see that they are pointing you to Forkdelta.
when you check the trading on
https://forkdelta.app/#!/trade/0xcd53c76b8a350b7f9815d6ddc4617bf37c7288ff-ETH you will see a token named MTV (Multiversum). The scammer wanted you to think that this token is the same token found on IDEX.
Because there is really a Multiversum on IDEX.
But if you analyze very carefully the MTV on forkdelta doesn't match in IDEX because of 2 factors.
1.) they have a different smart contract. on forkdelta (0xcd53c76b8a350b7f9815d6ddc4617bf37c7288ff) , on IDEX (0x07a7ed332c595b53a317afcee50733af571475e7)
2.) The have Different token extension. Forkdelta (MTV) , IDEX (eMTV)
I hope that this short analysis will help others to avoid this kind of scam.
make your analysis first before trying to buy or invest on a token.
arbitrage is a risky act of taking gains by only transferring from one exchange to the other. some exchanges has minimum tradable amount like hitbtc where you cant sell or buy in small amounts. arbitrage is dangerous you may loss your capital if contract address are not the same but the coin ticker is the same. stay away from it specially newbies