how are you all Hope everyone is doing well. In the last episode we knew what is Swap? and how do Swaps work? Some of the downsides of Swap, which scammers exploit, are As we all know Swap is basically Decentralized, so there is a lot of cheating, Anyone can list their coins on swaps and remove their liquidity. Swap Different networks have different swaps, such as BNB Chain's Pancake Swap, Eth Network's Uniswap, Solana Network's Najswa Swap Jupiter Swap also has different networks, Before bringing a token to the market, almost all projects, whether unofficially or officially, are listed on swaps.

Image collect Pixabay

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Before bringing tokens to the market, most of the projects sell huge coins through various IDOs or Presells.
Later they get away with listing in swaps only, because listing swap coins doesn't require any rules, just adding liquidity.

Many people think that Swap new tokens come and if coins can be bought at that time, then when they go to the market, then they buy the coins of Swap thinking that they will get huge profits.

Image collect Pixabay

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Many scammers list tokens in swaps, then they promote their coins through various airdrops or marketing, and sell their coins in large quantities, then sell their coins themselves when they pump it up a lot.

Pancakeswap, Uniswap are very popular but they have a lot of Scam Coin Listed if you go to sell those Scam Coins, you can deduct a huge amount of Gas Fee, again because of Wallet Connect. There may be problems so everyone be careful before using Swap,
I hope everyone understands, this is the end of today. Stay well, stay healthy.Allah-Hafez