DYOR Twice Before You TRADE Once Stonfiers! As you already know, any user can add their token to the STON.fi DEX using the contract address. The availability to add your own assets to our DEX list ensures trading pair diversity and provides more opportunities for trading. This is undoubtedly a big plus
On the other hand,
interacting with any tokens can carry certain risks. We remind you that community tokens have not been added to the default list, and they do not have liquidity guarantees.
Trading any tokens should be done with an understanding of all risks. There are known cases where the development team instantly sold their native assets or depleted available liquidity at the peak of the token’s popularity.
This fraudulent practice is called a Rug Pull. More information about Rug Pulls can be found in our blog.
Another example of fraudulent tactics is a fake token. Such asset can pretend to be a well-known token or the official token of a particular project. A fake token may have the name and logo of a popular project, but a careful trader will not find any information about it on official resources.
Recently, similar schemes have been noticed around Notcoin.The real Notcoin has not been minted yet. Check it out here.How to protect yourself from fraudulent schemes? DYOR - Do Your Own Research. Always. Explore all available materials about the project and the development team. Pay attention to liquidity volumes, price impact indicators, and all other possible metrics. Look at the asset price charts, clarify what exactly led to its popularity, and do not succumb to artificial hype.
DYOR, and operations with any tokens will bring more opportunities and profit, and your funds will be safe.Stay tuned!
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