https://hoo.com/labs/detail/proxi, talking about DeFi scams today there is a new DeFi that might end up in a scam namely Proxi Defi, so they held a mini IEO on Hoo Exchange a few hours ago their mini IEO sold out, and also afterwards they held an auction program on Mesa.eth after all their auctions were finished. claiming to reach x27, and sure enough their token went up on uniswap but after that the drama happened because the contract creator to make a scam token ($credit) sent 3000 eth more to binance and exchanged it for usdt.
Thank you, I will follow this information closely, but I have not yet found information on the prices of this token on the exchanges and the price chart. If you have data, then share links.I don't think calling them scam is right. Irresponsible could be the right term due to lack of review on its smart contract. Right now price have risen around $2.6 USDT per YAM. I wonder what would happen on YAM 2.0? Will the price go back and will investors or hodlers buy YAM once again?
The price does not rise, it is manipulated on the gate.io exchange. YAM token deposits and withdrawals are closed. The price on this exchange was 3 times higher than the market price on other exchanges. My task is to warn users.