Quote from: yarik0409 on June 25, 2023, 09:44:19 PM

Quote from: Xal0lex on June 25, 2023, 03:22:31 PM

This project has several factors that should alert any experienced investor.

The smart contract is deployed in the BSC network, where the largest number of different scam tokens appear
The token is launched on some dubious lunchpad
The coin is listed on some unknown exchange

How many of these gold-backed tokens have already tried to conquer the market? One more?

Third factor: PancakeSwap is not that unknown, is it? You may say that there are 99% of scam tokens on Pancakeswap, but that's a different argument. PancakeSwap is very well known, and you can trust that exchange.

I can not fully trust PancakeSwap due to the fact that this exchange has already been hacked once, after that my trust in it disappeared. I also can not trust projects that are listed on PancakeSwap and nowhere else. From my personal observations, most of these projects are low-liquidity junk tokens that no one wants. So why are they so often concentrated on the PancakeSwap exchange? It's very simple, because of the ease of listing on this platform, anyone can place their coin there and completely anonymously. Perfect conditions for scammers of all kinds.