ICYMI: $SHIB and $DOGE on Cardano network might not be safe to use ShibaInu Dogecoin scam
Whenever assets from networks like Ethereum are listed on alternative blockchains like Cardano, users should see a certain bridging address that can be reviewed by anyone. If the address is authentic, there should be no problems using an asset.However, we already mentioned that the listed assets have no bridge address listed, are controlled by only a few assets and have not been confirmed by any officials related to either Cardano-based applications or the aforementioned cryptocurrency.
There is a possibility that only a few individuals opened a contract and are now trying to collect funds from users who are willing to gain exposure to memetokens without leaving the Cardano ecosystem.
Most of the launched cryptocurrencies ended up being honeypots, with no real value behind them. Their creators rugged most of them almost instantly, even without providing proper liquidity or pushing some kind of marketing.
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