As Dex Sita became hubs for predatory investors and crypto
Dex Siter faced criticism for allegedly promoting the deception token, with the requirements to prioritize listed lists on legitimate projects.
Dex Chifer used to be a tool for monitoring decentralized exchange. Traders relied on it to find new tokens over multiple networkschain networks, analyzing charts and gain early access tokens was not widely recognized.
But lately things have been taken quickly. Instead of a discovery platform, it turns into a hotspot for fraud. At least that’s what they claim in the industry.
Conor Grogan seems to be the head of the business of the product on coinbase, it seems to be frustrated with what Dek Sickler became. According to him, the platform accepted “dark samples” by promoting fraud and priorities paid paid false lists due to legitimate projects.
“I think I’ve never seen a widely used website like Dexcreener. The almost entire frontage is promoted by forming CA (contract address), the deception is actively reinforcing in front of the token. They make money $ 200 million. “
Conor Grogan
Made in 2021. Alekandre Bini and Andreas Diesegues, Dex Siener began as a data platform for decentralized finances. This monitors the prices of living tokens, liquidity and historical charts in all networks as a salt, eating, basade and many others. Users can find the tokens such as coke on salt (coca), Knockoffa Coca-Cola, Robinhood (Hood), named after the tragician app and Harry Pothead (pot), which is known in its logo known wizard.
At the top of the token reinforcement on the website, Dex Siteeller also makes a lot of money from fees. According to 0kngmi, founder shared, Dex Sita dragged Currently up to $ 250,000 a day filling teams to update their token branding and information.
This business model seems to be paid. Toward data From the Cripto Venture Fund Hased Show Chiper earned more than $ 50 million fees, while defiles reports The platform generates over $ 250 million a year.
DEX SITA platform quickly became a favorite among merchants on the lookouts for fresh options. It became a must have in a decentralized financial space, especially for those trying to notice the next thing before it affects centralized exchanges.
But Grogan’s request suggests the transition to the way the platform works. It implies that Dex Sita not only shows market information – affects what users see. And, according to him, it increases the tokens of fraud in front of legitimate.
The best technology in business
So, is dexcreener really full of fraud? Well, it actually depends on how you define it. The platform provides token creators to pay for promotional lists, pushing their projects on top of search results and homepage recommendations.
As well as press the time, Dex Chitter notes In order for those looking for a “advertising solution that requires you to be prepared to spend $ 100,000 on this one, as” users and companies must cross the verification process, including KIC, so they can start their campaigns. “
Theoretically, this should help highlight promising new projects. But in practice it seems to be a different story. Many of these promoted tokens turn out to be low-quality – and completely revived frauds in the worst case.
The irony is that it is not new for the CRIPTO. The industry has long faced issues with bad actors using paid promotions to deceive undoubted investors. For example, fraudsters frequently exploit Google ads, are reflected in commercials on legitimate projects for fundraising from the user.
Concerns with DEKS sites is how aggressive and widespread it became. When searching for tokens by his address of the contract, the false lists can appear before legitimate. This poses a danger, especially for newcomers or those who are easily caught in FOOMO, which rely on DEK Chipper data to make rapid decisions.
The grogue admits that Dex Sickler has some of the “best technologies in business”, adding to hope that the platform will reconsider their strategy. Although the analytics seem to be in effect for traders, a large number of questionable ads raises concern about whether the platform still lives according to its original customer service.
Cripto.News reached the DEX team team several times, but it was not heard during this public. We will update the article once and if we receive an answer.
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2025-02-12 14:48:00
