I didn’t understand this before, and the money I lost could’ve paid for several hot pot meals.
Today’s lesson: Token approvals
Before selling ERC-20 tokens on a decentralized exchange, you generally need to approve a transaction that lets the contract transfer those tokens from your wallet.
Before confirming an approval, check the token, amount, and contract address. If you don’t understand something, don’t rush to sign.
Current price: $ETH is quoted at 2384.46 (24h -3.71%).
#ETH
Today’s lesson: Token approvals
Before selling ERC-20 tokens on a decentralized exchange, you generally need to approve a transaction that lets the contract transfer those tokens from your wallet.
Before confirming an approval, check the token, amount, and contract address. If you don’t understand something, don’t rush to sign.
Current price: $ETH is quoted at 2384.46 (24h -3.71%).
#ETH