Real and fake Li Kui is playing the role. The transaction volume of JustSwap exceeded $5 million within 10 hours after JustSwap was online

According to Rhythmic BlockBeats, the transaction volume of JustSwap, launched by Wave Field, has exceeded $5 million within 10 hours after its launch on August 19. The current transaction volume is $5,044,628.8241. The total assets in circulation are $3.55 million.

According to rhythm found, last night & NBSP; JustSwap  After its launch, many users participated in transactions on the platform. However, users later complained that there were a lot of "fake COINS" on the platform. Many items that had already been traded on the platform were actually logos and names that had been registered by criminals. What's interesting is that the FOMO has driven some of these counterfeits up more than 20-fold.

Check out JustSwap this morning and there are already 213 tokens on it. Among these tokens, we found some familiar tokens such as YFI, AMPL and LOOP. Among them, the 24-hour turnover of YFI token was $24,056, and the 24-hour turnover of LOOP was $451,520. In fact, the LOOP official did launch JustSwap, but as its logo had been registered by others, many users put their money in the wrong trade pool. One community user said he didn't know the fake money was online and had lost half a million TRX COINS. LOOP officials also had to remind users to choose the unbranded pair to buy.

Although sun Yuchen, the founder of Wave Field, has repeatedly commented in his community: "We (Justswap) don't have a list because we just went online, so now we can't verify the authenticity of the tokens in the list except the first three JST, USDT and USDJ. We plan to check tomorrow. At least the list of tokens in the future is real."

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Sun yuchen's explanation did not sell well to users, many of whom believed that the loss of assets was caused by the platform's lax auditing. More fakes seem to have been posted to JustSwap in the early hours of the morning, so fast that even the real ones are struggling to cope.

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The FOMO sentiment is reflected in the currency's price. It is understood that the fake currency named DZI has increased by more than 20 times since it went online, while one user revealed that he bought the token because it seemed to have some transaction volume, and he did not know whether the token was real or fake. This sort of thing is not uncommon. The amount of real money that is traded through JustSwap is not as big as the amount of fake money that is traded through some well-known projects. No wonder one joked: 'It feels like I'm going to send money to JustSwap not to buy it.'

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Of course, that's not the exclusive privilege of JustSwap. Since June, the popularity of Uniswap has also attracted a lot of fake money from project owners, forcing them to frequently post tweets or remind users in the community not to be deceived. Some of these projects have been well known, such as Serum, a decentralised trading platform that has become a recent hit.

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Rhythm believes that the decentralized trading platform itself has certain risks. With the current DeFi craze and FOMO sentiment everywhere, retail investors should be careful not to blindly follow suit and eventually lose assets.

The project side is also supposed to alert investors to the risks, select the correct token and publish the address of the contract before the transaction begins. Many project contract address "hidden" very well, many professional investors need to go to the various to find the correct address. That makes it harder for retail investors to tell the difference. Sun yuchen said that a list of genuine COINS will be provided today. If users want to participate, they are advised to take the official data as the standard.

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