Post
Topic
Board Altcoin Discussion
Re: The problem of wrapped tokens & DEX
by
Apocollapse
on 21/09/2023, 11:44:41 UTC
Wrapped token is definitely 100% scam because it offer no use case and all they do is copy pasta other coin/token and use their centralized network.

Now imagine that Binance goes to bakrutsy, CS goes to jail, as it happens with FTX.
In the blink of an eye all bridges stop accepting USDT.BSC.
Because bridges are not transport system, they are specialized exchanges.
That's why you need to trust the network when you use a token that run off chain, so if you're trust Tether and you not trust Binance, you must not use USDT BSC and consider to either use USDT ERC-20 or other off chain network.