The DEX protocol Uniswap recently listed two small token projects called Nugs.space (NUGS) and Nexeum Protocol (NEXE), but soon after that, both the token appears to have made the exit scam from the platform. 

While blaming a smart contract bug, the Chinese project Nugs.space, on its Telegram account announced that now it can not repair the bug.
<h2>Nugs ‘A Fun Escape’ Token</h2>
As per the Nugs token website, the idea behind this token was ‘a fun escape’. The firm decided that it would establish the total supply of token at 420 million. 

The firm also announced that it would start a daily lottery for the token but never did.

The website alerts the users to not use NUGS as an investment because it was not designed in that mean. But there were some users who had still invested in this project to raise their money.

According to one of the users, “He threw a few hundred bucks at it... hoping to buy a new car in 2 days time.”
<blockquote class="twitter-tweet">
0x7d43dbd5ab258f90849c49ae16ba6445c125012c
— ????? (@SquatBTC) <a href="https://twitter.com/SquatBTC/status/1292973588610310145?ref_src=twsrc%5Etfw">August 10, 2020</a></blockquote>
<h2>Easy To List Token On Uniswap</h2>
On August 10, Uniswap listed the Nugs token on its platform and soon the token experienced a surge of 20 percent in its price. But the very next day, the token made an exit scam from the platform. 

Along with Nugs token, NEXE made its exit scam just a day after it was listed on Uniswap’s platform. Presently, all social media accounts related to NEXE projects have been deleted.

Uniswap is decentralized in nature, therefore, it is easy for anyone to list their developed token on the protocol.

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Uniswap Listed NUGS And NEXE Tokens Make Exit Scam

Uniswap recently listed the Nugs.space (NUGS) and Nexeum Protocol (NEXE), but soon both the token appears to have made the exit scam from the platform.

Jyoti is a graduate from GGSIPU and has done her PG Diploma in English Journalism from IIMC. Presently, she is working as a content writer with Agio Support Solution Pvt. Ltd. Her aim is to provide informative content about cryptocurrency and blockchain, to the tech-enthusiasts.

Uniswap Listed NUGS And NEXE Tokens Make Exit Scam

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