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<ul><li>Dingo Crypto Token flagged as ‘Potential Scam’.</li><li>Instead of 10%, charging up to 99% as a transaction fee.</li></ul><h2 id="header-0">Researchers at IT cybersecurity firm Check Point security have flagged Dingo Token(DINGO) as a ‘potential scam’.</h2>It inspected a smart functional contract that allows the project&#39;s owner to alter the trading fees per transaction up to 99% of its transaction value.This is alarming because the transaction fee of 99% when broken down is 95% tax and 4% liquidity fees, leaving the buyers with the remaining only 1%, to add to it there is absolutely no way to reverse the transaction.One such case that caught wide attention, observed by the IT security firm was about an investor who spent $26.89 to purchase 427 million Dingo Tokens but instead received 4.27 million, or $0.27 worth of Dingo tokens.This is contrary to Dingo Token&#39;s rising popularity, where the project&#39;s website doesn&#39;t contain much information about the owner, and the published &#34;tokenomics&#34; white paper only mentions a 10% (5% &#43; 5%) transaction fee.The Dingo Token is charging transaction fees up to 99% instead of the officially declared 10% through a code behind a backdoor function “setTaxFeePercent” that changes the contract’s buying and selling fees by up to 99%.Researchers have already seen multiple fee changes on the Dingo Token network 47 times. While the 47 cases seen by Check Point aren&#39;t enough to impact the broader investors&#39; base of Dingo Tokens, they could be a test run by the operator, who can apply the function change on all holders and cash out quickly when the token reaches its maximum price.Take a look at the multiple reports from various social media platforms where users are claiming their troublesome experiences, ‘<a href="https://www.coingabbar.com/en/crypto-currency-news/dollar100k-recovered-from-the-zachxbt-scammer-fbi-investigation-continues" rel="noopener noreferrer nofollow">scam</a>’, about swapping their tokens. There has been no response from the official Dingo Token accounts so far.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/834dff6f507c4292b6d18bd879128869.png" /><img src="https://academy-public.coinmarketcap.com/optimized-uploads/6129c27c23054eb69e50b3c0c9fb7c7a.png" />Before investing in any cryptocurrency project, it is important to research the token and the team behind it. Investigate incomplete data or insufficient information on the official website. It&#39;s also recommended to ask questions in the <a href="https://www.coingabbar.com/" rel="noopener noreferrer nofollow">community</a> to learn more about a project before investing.If you&#39;re getting into this trading game, it is recommended to use only reputable exchange services like <a href="https://coindcx.com/" rel="noopener noreferrer nofollow">CoinDCX</a>, <a href="https://wazirx.com/" rel="noopener noreferrer nofollow">WazirX</a>, <a href="https://suncrypto.in/" rel="noopener noreferrer nofollow">SunCrypto</a>, and others. Also, diversifying investments across different coins could be a good strategy.You can also read <a href="https://www.coingabbar.com/en/crypto-currency-news/crypto-trading-is-now-a-curable-addiction-in-a-spanish-rehab-center" rel="noopener noreferrer nofollow">Crypto Trading is Now a Curable Addiction in a Spanish Rehab Center</a>.

Dingo Crypto Token Charging 99% Transaction Fee, flagged as 'Potential Scam'

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