How to Spot Scams in Decentralized Finance (DeFi) | Binance Academy

  • 📰 binance
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Scammers are always finding new ways to take advantage of DeFi users and investors. We, as a community, can help each other identify common patterns that separate the legitimate innovations from the misleading ones.

– which is basically a fancy way of saying they are “public.” No one needs permission to use them, develop for them, or launch projects on them. While this value is inherent to cryptocurrencies such asAnyone can launch scammy or misleading projects, and there’s nothing there to stop them. Well, technically, not nothing – we, as a community, can help each other identify some common patterns that separate the legitimate innovations from the misleading scrap.

So, one thing you can ask is – does this project try to do something new and innovative? Are they trying to contribute to the new digital economy with their project? How is it different from its competitors? Is there a unique value proposition here? In addition, you can also look at the development activity. Are the developers continually shipping new code? While this metric can be gamed, it can still be a good barometer for finding out whether the developers are for real or if they just want to make a quick buck.Something that gets thrown around a lot with smart contracts and DeFi is auditing. Audits are supposed to make sure that the code is secure.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 561. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

cz_binance I stept out off the Crypto Market and investing again in Gold and Oil , so muts better . This CZ is nothing than bla bla bla and do shit ,just a other scammer that all he is , asian shit !!!!! If I look at people in the luna coin and now fighting to burn there own coins , so sad

Lista BabyDoge logo então para transferirmos elas para cz_binance e ficarem mais seguras… 🐶🍼

cz_binance A part BINANCE ET RHOBIHOOD, la majorité des cex sont des SCAM.

Ironic for those in the know; lol.

cz_binance I bought a big bag of $cpepe, I like passive income 5% reflection of $kiba.....don't be a coward buy a big bag of $cpepe and earn a reflection of 5% kiba and let's meet in the moon 🚀 Big show coming 🔥🔥🔥🔥🔥🔥🔥 Earn money while you sleep with CatPepeToken

This tool bubblemaps can catch scammers for sure bubblemaps Check it 🔥

thanks guys i think you just saved me from loosing a bunch of my tether

deletetwitter ElonMusk

cz_binance chz接下来几个月到10美金,我来自未来!

We support this initiative of eradicating scammers. That's why we are always reminding $SQUID Game fans and crypto community to only trust 001. $Squid 0x87230146E138d3F296a9a77e497A2A83012e9Bc5 SquidGame cz_binance - Thank you for supporting $SQUID community.

cz_binance Sen en büyük dolandırıcısin

Fixing the front end would be so much easier than training millions on how to spot scams. BscScan belongs to Binance. The scammers pair their tokens with wrapped BNB tokens. Your name is being dragged thru the mud. You can choose not to do business with these scammers. Please

cz_binance Easiest way to notice scammers, if their coin is useless,it's a scam.

cz_binance JST

cz_binance 👍👍👍👍

Scam tokne $farm harvest_finance

cz_binance Watch out Pac-Man! BOHR BoVerse GameFi‌ 🌝🌝🌝 EAT EAT EAT EAT EAT EAT...

cz_binance Lunc klasik iyi dolandırdiniz

cz_binance That’s how we survive mister cz_binance mind your own business asshole

cz_binance The husl

小浣熊3.0生态交流群

The biggest adventure you can take is to live the life of your dreams. So buy $XEP 🧿 coin and join ElectraProtocol

BabyDogeCoin

List baby doge🥰🥰🥰🥰🥰

When babydoge

As investors, we should be more careful

I live in Ukraine, I myself was left without food and finances for existence! If there is a possibility, answer me and help me, this is an honor for me. usdt tron trc 20 TAznG9w9Ar8GL8CN8sphAtLFjViM2oFkrz help guys please

I love Binance academy 🤩 I’ll probably never forget the first article I read about 51% attacks in my very early crypto days 🥲

I'm enjoying thousands of Bitcoins when you return back to McDonald I will be able use Visa MasterCard exchange and your price manipulation will be over. Not holding any crypto at your exchange. Bitcoin is only safe in my hardware wallets Bitcoin Whale Australia Future

This post it's funny, couse you guys are Big supporters of scammers

BabyDogeCoin 💞💞💞💞💞💞💞

Your 'courses' offer any certificate? cz_binance

You scam many paeople with LUNA AND UST !

Oloid Token is available on Binance deFi

OldGuyDavid2022 Yes saitama v1-v2 contract was a slow rug now they trying it again on v2 all the information is there for you to see I’m not even going to get into it DYOR .. SaitamaWolfPack SaitamaV2 SaitaRealty SHIB doge cryptocurrencies

hey MrStockBot, show me CPI

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Finance Redefined: UK government explores DeFi with a focus on staking and lendingThe hacker who exploited Solana-based liquidity protocol Crema Finance on July 2 returned most of the funds but was allowed to keep $1.6 million as a white hat bounty. 🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨 kadena ready to pump... Now the time of purchase is later too late...(We expect $ 200 this year...) We will be surprised together... together 💪🏻💪🏼💪🏽💪🏾💪🏿 KDA 💎💎 FLUX 💎 web3 POW NFT RunOnFlux BTC 🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨 kadena ready to pump... Now the time of purchase is later too late...(We expect $ 200 this year...) We will be surprised together... together 💪🏻💪🏼💪🏽💪🏾💪🏿 KDA 💎💎 FLUX 💎 web3 POW NFT RunOnFlux BTC 🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨 kadena ready to pump... Now the time of purchase is later too late...(We expect $ 200 this year...) We will be surprised together... together 💪🏻💪🏼💪🏽💪🏾💪🏿 KDA 💎💎 FLUX 💎 web3 POW NFT RunOnFlux BTC
Source: Cointelegraph - 🏆 562. / 51 Read more »

Finance Redefined: UK government explores DeFi with a focus on staking and lendingThe hacker who exploited Solana-based liquidity protocol Crema Finance on July 2 returned most of the funds but was allowed to keep $1.6 million as a white hat bounty. 🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨 kadena ready to pump... Now the time of purchase is later too late...(We expect $ 200 this year...) We will be surprised together... together 💪🏻💪🏼💪🏽💪🏾💪🏿 KDA 💎💎 FLUX 💎 web3 POW NFT RunOnFlux BTC 🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨 kadena ready to pump... Now the time of purchase is later too late...(We expect $ 200 this year...) We will be surprised together... together 💪🏻💪🏼💪🏽💪🏾💪🏿 KDA 💎💎 FLUX 💎 web3 POW NFT RunOnFlux BTC 🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨 kadena ready to pump... Now the time of purchase is later too late...(We expect $ 200 this year...) We will be surprised together... together 💪🏻💪🏼💪🏽💪🏾💪🏿 KDA 💎💎 FLUX 💎 web3 POW NFT RunOnFlux BTC
Source: Cointelegraph - 🏆 562. / 51 Read more »