The evil side of benswap effecting whole SmartBCH ecosystem
08-05-2022
Benswap is first dex and its on top since SmartBCH arrived and mostly peoples more than 60℅ of peoples don't like benswap coz they know about it's evil side better than anyone else and
Than some peoples exist who don't know the truth of benswap and will reveal their evil side which is effecting or destroying SmartBCH a lot
I won't say what i think about benswap but will spit fact's there so in case someone is a die hard fan of benswap or it's favorite dex than before defending it make some clear sense that's a only request before continuing.
Though my word's won't effect or do anything to Dex coz they're already way too far destroying own reputation
For now you'll only realise once seeing the reason and evil side of benswap.
The dark side of benswap
Those who don't know benswap have many face's and reason why they're still on top will be shocking to hear
Actually benswap isn't decentralized I've seen they announced governance few weeks back but their policy is always centralized
You need to pay to get farm in benswap or if they wanted to add than will give a green signal otherwise no matter if a project is like BlockNG it will require to give a benefit to benswap otherwise it's a no from them.
Benswap is the only dex invest in other dex and holds most of the sep20 token for their own benefit and pump or dump on normal investor's and destroy other projects.
Only a dex with most failed, scam projects IBO.
Only a dex with most failed scammed a partnerships or collaborations.
Will get more deeper to clearly explain these all thing's benswap is doing to ruin SmartBCH.
Benswap most failed projects launch
It's the literally only dex where every single project launch was scam/rug where peoples lost lot's of BCH including me
I only remember these failed ibo of benswap
Everup (110 BCH rug)
Pixs Rpg token (60BCH)
Nearly 3 more failed projects which was never launch and ran away with BCH
All happened on benswap but i won't say it's their mistake coz ibo was decentralized and anyone can launch
Only successful launch of token's on benswap IBO
Only joystick and pota two successful launches through ibo and till now they're doing good
Only thing is benswap doing bad things with pota which I'll share ahead.
Benswap failed partnerships
Now let's talk about their failed partnership's which ruined more reputation of benswap
Firstly they did a partnership let's say collaboration with Town which was a rug pul and ran away with more than 100+ BCH
Still this section is available in benswap and not only one failed partnership
Another failed one is with Pixs -Rpg another project like town which was also rug pul and also ibo was launched on benswap which was filled within an hour and later ran away with BCH
Also they both got farm in benswap through some legit project with utility never got farm in benswap but well these partnership was a big failure.
Benswap caught dumping other SmartBCH dex
Now the worst and evil face of benswap is they got caught red handed dumping other SmartBCH dex and filling their own TVL
Benswap is still on top coz they're stealing TVL and money from peoples pocket to not lose first position.
Ben wallet is already revealed in public and hold a ton load of BCH or flexusd and every dex have a BCH-FlexUSD farm so benswap farm on other dex using this pair and later dump all on investor and ruin whole project
A true example of this 3rd class act of benswap is emberswap where benswap farmed and dumped all which crashed ember and it's trying to survive now.
Making a token by copying concept
There's allegations on benswap they've created token copying other existing token concept
Like a long way back when Fire first reflection token was launched benswap didn't listed on dex and fire pumped like 200℅ after it's launch
The very next day we saw a token Volcano with same concept and having $100k in liquidity without any ibo or real community
And until now there's literally no community behind this project but have lot's of liquidity so it was already proved benswap did it coz of fire success and hype back in time.
And this made me wonder what if all ibo scam token's was done by benswap well i don't have any proof to say just a thought after seeing them doing this.
Got caught wash trading on mistswap
Remember pota is a successful launch on benswap platform which is more like a miracle and now
We've found this is used for wash trading by benswap
And benswap is milking mistswap since long and now it won't be able to do coz proposal is going on to remove pota and also peoples asked to make a proposal for voting out eben farm on mistswap which is only used by benswap to milk mistswap
More than 97% peoples voted to remove pota and only 2℅ aren't agreed and maybe only benswap isn't agree
I warned everyone to be careful
I clearly warned everyone through this post on noise and the next day benswap dumped pota from it's all time high to nearly it's low about -60℅.
And more than $70k liquidity of pota wiped out coz it was only benswap washing mistswap
But when found out it won't be available on next allocation dumped pota on peoples who got fomo and bought more.
Though benswap provided pota farm on benswap so that people buy and get rug later.
Still benswap hold most of the pota supply and will keep dumping on normal investors time by time
And these thing's are making benswap most Evil and wost thing ever happened to SmartBCH.
Mistswap about to dethrone benswap
Two type's of investor's exist in benswap one are those who literally don't know about benswap dirty politics and one are those who stuck their after investing mostly Chinese whale's are in benswap but they're now smart and benswap was on top coz of BlockNG liquidity which is moved there
And now benswap is about to loss it's top position after month's of being sitting on throne now mistswap will carry the legacy and a true meaning of decentralization.
Mistswap is almost there to dethrone benswap just less than half million more liquidity in mistswap and it will happen very soon now.
Fin.
In the end let me know if you've knew about this before and which one is your favorite dex on SmartBCH you want to see on top.
Okay months later BenSwap continues to be number one, and it has a lot of liquidity, which you can't say about Mist or Tango. The mist token only has around $50k or less in liquidity and Tango only around $80K in liquidity, If you buy those two tokens you will lose a lot of money.
I know SmartBCH has been rug pull by CoinFlex and yet eBen is still strong.