What should you do if unfamiliar tokens suddenly appear in your wallet? Don’t panic—your class rep has the answer:
If you follow the instructions in the token name to a website and connect your wallet, the authorization they ask you to sign is often aimed at other assets in your wallet.
Your wallet’s valuation is usually calculated from quotes in on-chain liquidity pools. Quotes for junk tokens can easily be artificially inflated, so don’t take the numbers you see at face value.
When I first got into crypto, I thought understanding candlestick charts was all I needed. Later, I realized that learning the rules is the first lesson.
$ETH 2155.51(-3.5%)
#ETH
If you follow the instructions in the token name to a website and connect your wallet, the authorization they ask you to sign is often aimed at other assets in your wallet.
Your wallet’s valuation is usually calculated from quotes in on-chain liquidity pools. Quotes for junk tokens can easily be artificially inflated, so don’t take the numbers you see at face value.
When I first got into crypto, I thought understanding candlestick charts was all I needed. Later, I realized that learning the rules is the first lesson.
$ETH 2155.51(-3.5%)
#ETH