[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 76 KB, 400x400, external-content.duckduckgo.com.png [View same] [iqdb] [saucenao] [google]
29791914 No.29791914 [Reply] [Original]

Is Pancakeswap a scam?

I've seen a lot of fud about BSC projects and it's making me nervous bros.

Surely a legit team like ALBT wouldn't promote BSC if it were a scam right?

>> No.29792190

>>29791914
its not a scam. they have been funded by binance. priceaction of cake / bake and other bsc stuff is depending on bnb wich depends on btc. so when btc drops cake like everything else drops

>> No.29792291

>>29792190
I'm financially ruined, bnb needs to go back to 300

>> No.29792676

>>29792190
I'm not too bothered by the price. Just heard it mentioned "use bsc at your own risk" too many times to ignore it.

From what I see they've made a neat little ecosystem and other eth based cexs and dexs are shitting themselves.

>> No.29792862

>>29792676
i dont thin bsc is rug or what is your concern?
btc needs to stop dumping before anything will go up.

>> No.29792885

>>29792676
It's because burgers are banned from using Binance so they seethe and FUD it constantly. Binance is currently the best exchange by far, just look at the amount of new features and integrations they release every month. Also, Binance is actually not a chinese company anymore.

>> No.29793121

>>29792676
It’s absurd to think the largest crypto exchange in the entire world would rugpull at the height of their popularity with the trend not seeming to be slowing down anytime soon. Anyone fudding about that is unironically retarded. I don’t think CZ would ever rugpull as a narcissist because he cares about his reputation too much, but hypothetically if he were to it would only be if it was abundantly clear Binance failed in some major aspect and was headed towards an obvious downwards spiral.

>> No.29793252

>>29792676
>Just heard it mentioned "use bsc at your own risk" too many times to ignore it.
Because the shitcoins you can buy are 99% rugs.

>> No.29794228

>>29791914
It's not a scam but the problem is literally everything on BSC follows the exact same formula and most of them turn out to be scams so people can't tell the difference.

>> No.29795050

>>29791914
Pancakeswap and CAKE are legit. They have earned a lot of legitimacy recently, with Binance putting them out of the innovation zone and listing BTC/USDT pairs to add more liquidity, as well as margin and listing to other exchanges. They're as legit as they can get.

Is just that like it was on Uniswap on last summer, theres a lot of shit scams and rug pulls.

>> No.29795179

>>29791914
pancakeswap IS Binance

>> No.29795311

>>29795050
bake also got margin on binance recently. both dex were funded in the same round. with 1inch coming to bsc that would mean more volume or is it bad? also if i remenber correct 1inch will be running a validator node so no longer only a binance chain

>> No.29795361

>>29795179
this
>anonymous devs
yeah right, its just a way for them to do stuff with plausible deniability
based

>> No.29795736

>>29795361
besides, prrtty sure they had to go through KyC to get listed on Binance

>> No.29796053

>>29795361
anon dev can't get shit listed on binance retard

>> No.29796054

>>29795736
also i doubt binance would throw their 350k fund money at random rug devs

>> No.29796237
File: 633 KB, 654x480, bank.png [View same] [iqdb] [saucenao] [google]
29796237

>>29791914
I don't think any of it is a scam, but I do think people will turn away from BSC to SOME degree when alternatives are readily available. Centralization is gay, it's only popular because ETH is trash and now it has momentum. It's not going away anytime soon, just will lose some marketshare EVENTUALLY.

>> No.29796331

>>29791914
Everything connected to binance or chinses people in general is a scam. CZ is a scam artist. One way or another he'll leech money away from you. Let that sink in.

>> No.29797202

>>29796053
that's what i said, they know who it is because it is them

>> No.29797473

>>29792190
is cake legit?

>> No.29797623

Does anyone have any ideas on how to get gas money on the etherium chain? I tried the binance chain faucets to see if I could get enough to just move my funds but none of them actually work and I’m getting ass fucked on shitcoins and it’ll be two weeks before I can do a thing myself.

>> No.29797688

>>29791914
Pancake swap is directly backed by binance the biggest crypto exchange right now.

>> No.29798457

Is it advisable to trade my BNB for CAKE?