Decentralized exchanges are becoming a critical tool for purchasing and selling an increasing percentage of cryptocurrencies. The term “decentralized exchange” generally refers to distributed ledger protocols and applications that enable users to transact cryptocurrencies without the need to trust a centralized entity to be an intermediary for the trade or a custodian for their cryptocurrencies.
In the crypto world, most common means that investors use to buy and sell cryptocurrency holding is a centralized exchange and during this transactions, transactors not only trust that the exchange will safely complete their transactions for them but also make use of the network of users in the exchange in order to find trading partners. Major problems attached to centralized exchanges are security, outages, identity breaches risks, high fees, price manipulation trading, and many more.
July 2020 shortly after the listing of TrustSwap on an exchange, CoinTiger was part of the exchange listing with a deposit giveaway of 30,000 SWAP which is about $45,000 following the present price of SWAP in USD. It was revealed that depositors must deposit at least 2,000 SWAP to claim 500 SWAP giveaway. Check the details here.
August 21st, 2020, the TrustSwap CEO, Jeff Kirdeikis released a shocking tweet on his personal tweet following the delay many of us experienced with the deposit and giveaway promised which them shows something strange is happening at CoinTiger exchange.
As one of the major problem of centralized exchanges, outages or let me say wallet maintenance is common that may send stop users from depositing or withdrawing their crypto assets off the exchange, if such happens, its the duty of the exchange to communicate in other not to send panic to the users.
CoinTiger action was uncalled for as they refuse to release the 500 SWAP giveaway agreed on their Medium Announcement and also do the worst to block the CEO of the project (TrustSwap), this is suspicious and if action is not taking, it might happen to other upcoming projects as new crypto asset listing continues on the exchange.
Crypto enthusiast, let's get out the 30,000 SWAP from CoinTiger exchange by tagging them on twitter with a comment
"@CoinTigerEX Release 30,000 SWAP purchase competition".
Tag them, Tag them
Togetherness we can achieve this!
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A cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.
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Qasim Ali 21 AugThanks for sharing this important information about decentralized exchange
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𝕮𝕻𝕿ツ ÜℬÃÌⅅ 21 AugThanks you sharing the information your post.
Full information your post good post well done good job hard working
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Cyber King 21 AugBad act displayed from cointiger they just use that means to trick users to deposit their trust swap coin, we all need to be careful so we won't fall for scam, the extent of blocking the CEO of the project is a big probability that cointiger might be a scam,
Heading straight to twitter to
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EngrSamest . 22 AugLet's get them to respond by tagging them on twitter
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Prince Jack 21 AugTrust Swap is recommended for cryptocurrency keeper i have been told from many ppl
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Captain Philips 22 AugShameful low class act from "CoinBigThieveryCat" , except if its just some technical issues. If they don't fulfill their promise, they smell scam, anyone putting their funds on such exchange is on a free fall.
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EngrSamest . 22 AugWhat send out the danger sign is the act of blocking the CEO of the same project. What are they up to? What's their plan? Abeg tag the Exchange on Twitter
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Captain Philips 22 AugPretty too suspicious, on it now