Uniswap

<ul><li>Ben Armstrong presses the Uniswap trademark holder to solve the issues.</li><li>Uniswap users can trade with BEN tokens through contract addresses.</li></ul>The largest decentralized crypto exchange, Uniswap, prohibited the trading of various memecoins and derivative cryptocurrencies, despite the fact that users were unaware of it. It’s been more than three days since the exchange banned the <a href="https://thenewscrypto.com/pepe-hype-fades-out-will-ben-be-the-next-alternative-for-investors/" rel="noopener noreferrer nofollow">new meme coin Ben</a> (BEN), which buzzed “CryptoTwitter” with significant attention.However, users can still connect to the token’s smart contract through their “contract address” for standard transactions. Only the DEX website interface (front end) prevents users from transacting.<h3 id="uniswap-ban-on-ben">Uniswap Ban on BEN</h3>Many believe that Uniswap maintains this block list to avoid legal challenges in the United States. In particular, the Securities and Exchange Commission (SEC) has repeatedly pursued legal action against different cryptocurrency campaigns. It makes sense that the DEX has a strict ban on derivative tokens connected to the US stock market.Ben Armstrong, who is behind the “BitBoy Crypto” channel and the biggest <a href="https://thenewscrypto.com/over-bitboys-move-to-ben-coin-ripples-cto-discovers-rugpull-signs/" rel="noopener noreferrer nofollow">supporter of the BEN coin</a>, indicates he may take over control from ben.eth, the project’s original creator. According to the famed YouTuber, Uniswap no longer allows users to trade BEN due to logo and ticker issues.Further, the $BEN token is experiencing significant challenges; several projects have duplicated its logo, and Ben Armstrong revealed its new logo. Despite the crypto token spamming by many fake Twitter IDs, <a href="https://thenewscrypto.com/are-ben-and-psyop-on-track-to-become-the-next-memecoin-success-stories/" rel="noopener noreferrer nofollow">BEN never failed to attract</a> huge investors.Also, the promotion of Ben Armstrong to BEN attracted a lot of interest in the crypto market. Early investors were also rewarded with a more than 5,000% one-day gain. However, the BEN community is fighting with Uniswap to solve the issues. Armstrong presses the trademark holder, “OUTFiT7,” to resolve the problems and back up the new logo instead of the placeholder.

Uniswap Disables BEN Token Trading, Here’s Why?

Table of Contents

TheNewsCrypto

Other articles published on May 27, 2023

Introducing DigiToads: The Top Meme Coin of 2023

XRP Faces Crucial Resistance Levels as Traders Brace for Potential Breakthrough

Crypto Enthusiast Celebrates Terra Classic’s USTC Test Environment

Gemini challenges SEC in legal battle over Earn product

Dubai deepens crypto ties with proposed Bitcoin Tower Hotel

Shido Dex V2 is launching on Monday!

Join our free newsletter for daily crypto updates!