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

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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.

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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

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

Ironic for those in the know; lol.

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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.

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Scam tokne $farm harvest_finance

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As investors, we should be more careful

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

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Your 'courses' offer any certificate? cz_binance

You scam many paeople with LUNA AND UST !

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hey MrStockBot, show me CPI

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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
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