In Tron JustSwap, the trading volume of counterfeit coins is larger than that of real coins
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2020-08-19 06:01
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Fake projects are flooding, whose fault is it?

Editor's Note: This article comes fromBlock beats BlockBeats (ID: BlockBeats), reprinted by Odaily with authorization.

Editor's Note: This article comes from

Block beats BlockBeats (ID: BlockBeats)

, reprinted by Odaily with authorization.

DeFinition

On August 19, the transaction volume of JustSwap launched by Tron has exceeded 5 million US dollars in 10 hours, and the current transaction volume is 5,286,790.202 US dollars; the total circulation of assets is 3.52 million US dollars.

Behind the high-gloss numbers, there are serious counterfeit money

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Looprex

DeFinition (DZI) has received a lot of attention. The moment JustSwap went live, there were already 3 DZI tokens with the same name on the list.

From the perspective of the browser, the combined trading volume of the top-ranked DZI has exceeded 50,000 US dollars, but the liquidity is gone.

AlphaLink

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LOOP officially launched the JustSwap platform, but its logo trademark has been preempted by others due to its slow pace, and the official said that real coins do not have a logo.

However, many retail investors have already poured funds into the counterfeit currency trading pool. One of the community users claimed that he had lost 500,000 TRX because he did not know that there were counterfeit currencies online.

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AlphaLink (ANK), which was temporarily renamed, also received a lot of attention in the community, and there were also problems. Although the transaction volume within 24 hours was nearly 200,000 US dollars, it ranked 7th. But the browser shows that the last transaction occurred 8 hours ago, that is, 3 hours after the project went live, there are no more transactions.

Gao Jin, a YFII volunteer, said that AlphaLink made a mistake when the project party injected liquidity and locked 200,000 US dollars of TRX in the contract.

Is the proliferation of counterfeit money an industry problem or a platform audit?

In response to the problem of counterfeit coins, Justin Sun himself continued to express in the community and on Weibo: "We (JustSwap) didn't have a list because we just went online, so now except for the first three JST, USDT, and USDJ, we don't have any tokens in the list. There is no way to verify the authenticity, we plan to verify it tomorrow, and at least the list token is authentic in the future.”

However, users do not seem to buy it, and many users who lost assets believe that this is caused by the lax review of the platform. And more fake projects seem to be ready to issue fake coins on JustSwap early in the morning, and the speed of the action makes it difficult for official real projects to deal with it.

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