Quote from: Teraboy on Today at 04:49:36 AM

Quote from: Stunzz on August 30, 2021, 05:36:59 PM

In fact, numbers of token are being airdropped into my BSC Wallet on a weekly basis, however most of them are presumed scam.. I mean since I don't work in promoting them, I don't see why I should be getting them. And I learnt one's wallet can easily get ripped by trying to trade them.

Sometimes the airdrop used by the scammer as a way to promote their scam tokens.

Quote from: Stunzz on August 30, 2021, 05:36:59 PM

I. I'm experiencing all these because DeFi/DEX are still in their infancy stage.

It's not. The purpose of scamdrop tokens to be used as a scammer to scam people through rug pulling the liquidity on the uniswap or dex. So many times scam projects were doing this after they can attract LP providers

Quote from: Stunzz on August 30, 2021, 05:36:59 PM

II. Or simply because the network is not yet fully decentralized.

It has nothing to do with the decentralization.

Quote from: Stunzz on August 30, 2021, 05:36:59 PM

I know majority of these upcoming project prefers the Bsc network because the gas fee is relatively low... But is there a simple and better logic to detect project is scam.

It's not only caused by the gas fees but the demand for the BSC was making scammers issuing their scam drop tokens on BSC

You just answer every of my almost questions one after the other and I'm highly grateful for that.. Thanks to you though 👍

Quote

Even during the times when ICOs/IEOs/STOs were so popular during the crypto boom in 2017-2018, there were a lot of scam ERC20 tokens created on Ethereum Network, so seeing that many scam projects on BSC network is a surprise or something new. Avoid the shitcoin, and you will be safe from such scam.

You're very correct sir

Quote

But is there a simple and better logic to detect if this certain project is a scam.

However, does anyone got any idea on this?