Post
Topic
Board Altcoin Discussion
Re: DeFi scams [history]
by
bigcash2011
on 19/08/2020, 08:20:39 UTC
YAM token
1.https://yam.finance/



https://www.gate.io/trade/yam_usdt

What happened?

The team launched the project without auditing a smart contract
Added PR, hyped social networks and launched token sale
The price has risen to $ 175 per token.
Due to a critical error in the smart contract code, the token price drops to 70 cents.
https://medium.com/@yamfinance/yam-post-rescue-attempt-update-c9c90c05953f
Liquidity is lost on the 1inch and Uniswap exchanges.
Gate.io and Bibox continue to trade a scam Smiley

YAM 2.0 is coming, we are waiting for the continuation of the party

MEME token
2.https://bitcointalk.org/index.php?topic=5268573.msg55019734#msg55019734


As far as i know YAM is not a scam, it was just a case of the bugs in their software or coding or programming or smart contracts whatever the correct term is, so i think it will be sorted out, there will be either a swap or the same coin will be reinstated with necessary improvements.