CoinDCX
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Yesterday's incident highlighted why the š®š³#Indian crypto community prefers foreign exchanges over Indian exchanges.
On #CoinDCX , buying price of $PEIPEI: ā¹0.031
Selling price of $PEIPEI: ā¹0.000031
The buying price was almost 1000x higher than the selling price, which clearly indicates the lack of liquidity.
If that's not enough, their listed token #PEIPEI was the #scam token, which was already rug pulled in August.
The founder of real PEIPEI has confirmed that they have no affiliation with CoinDCX, which means they listed the scam one.
A lot of users have lost money; some can't sell due to bad liquidity, and a few are reporting incorrect amounts after selling.
India's biggest exchange is listing a token, and their team isn't even verifying??
That's why I also prefer global biggest exchanges like : #Binance. & I would prefer it to you also..
On #CoinDCX , buying price of $PEIPEI: ā¹0.031
Selling price of $PEIPEI: ā¹0.000031
The buying price was almost 1000x higher than the selling price, which clearly indicates the lack of liquidity.
If that's not enough, their listed token #PEIPEI was the #scam token, which was already rug pulled in August.
The founder of real PEIPEI has confirmed that they have no affiliation with CoinDCX, which means they listed the scam one.
A lot of users have lost money; some can't sell due to bad liquidity, and a few are reporting incorrect amounts after selling.
India's biggest exchange is listing a token, and their team isn't even verifying??
That's why I also prefer global biggest exchanges like : #Binance. & I would prefer it to you also..