So as we move towards Babylon there may be scam tokens , but there is an easy way to check them. Copy the token number ID from you wallet and go on to Radix scan and past it in the search, then have a look at how many wallets hold the token.
Yes I had to question this because I was buying alot of oci, teh creator of dogecubbedswap said they made a fake oci one to test something, but if you copy the token number in there you can see the ones on dogecubbed are real , hope others can avoid any scams cause alot of radix users lost money in the cerby rug
This is a useful advice. I would also check the person’s history in OTC groups before trading, that helps a lot also to avoid these scam tokens. I was just wandering if there is anything to do in the future (like at Babylon) to avoid this without this manual check. I believe so, but I am not an expert on this.
No matter whether on Radix, OpenSea or wherever you want, the rules to avoid an NFT scam should be universal:
Please watch for: 1. rug pull (cerby) 2. pushing (old but gold) 3. airdrop (beware of free reddit nft giveaways) 4. pump and dump 5. counterfeit nft
IMO, after purchasing an NFT, it’s best to move it to cold storage or hardware, such Ledger, and away from the marketplace account, since it could be hacked by scammers. What do you guys usually do after buying an NFT? Do you prefer moving it into a cold or hot wallet?
