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/biz/ - Business & Finance

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19531270 No.19531270 [Reply] [Original]

>Create token. add token/eth liquidity which costed you 1400$
>Remove token/eth liquidity valued at 400$ meaning you lost 800$
These aren't even scams, these are just retarded 12 year olds testing out Uniswap.

>> No.19531281

>>19531270
Derp, meant 1000$

>> No.19531317

Seriously what the fuck was the point of that? how did he make money out of that?
https://uniswap.info/token/0xe47ec979a731e862436f24a37fa6704b70f76bbf

>> No.19531762

Shit don't make sense.

>> No.19531892

if you create a token, gives yourself the entire supply, you literally can't lose by creating a pool

I'd guess he sold to himself and then removed liquidity
Now where you could fuck up is air dropping your token to others, if they dump immediately that can eat into your eth pool

>> No.19531978

or maybe it's elaborate money laundering

>> No.19532098

>>19531892
Ah now I understand. People will first hand want to buy from you which doesn't remove your ETH liquidity, it only removes your ETH(real money) if they sell back to you.
One of the crappiest short-term scams imo. You win peanuts.

>> No.19532475
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19532475

>>19531978
yeah. when the fed asks him where got his 400 dollarinos, he can point right to that erc20 token