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Binance Smart Chain + Ecosystem / Re: Be careful with coins from BEP20 which have a lot of supply !
« on: April 20, 2021, 04:21:26 PM »I have really liked Binance since 2018 and until now I am still trading on Binance and I'm slowly making a profit.
Then yesterday the Binance IEO had Safepal which was designed for a multi-tasking wallet which would be a rival to Trustwallet, ImToken, Metamask, Tronlink etc.
But when I checked the blockchain from bep20, there were a lot of transactions that created large amounts of tokens and be careful, don't invest in these coins because there are so many scammers !!.
I also notice this kind of scheme. Many that are newly listed n CMC under BinanceChain have huge token supply (1,000,000,000.000,000) and almost the same scheme as token burn, percentage return to holders etc. It looks like they are just 1 group of people taking advantage of the decentralized exchange like pancakeswap and others.