Question - for the JustSwap daily whitelist, what do you vet? I understand the investment vehicle itself is a risk, but do you guys audit the smart contract to make sure that there are no backdoors? For example, Tron Supernode is whitelisted and their withdrawal functions are no longer working and they have closed their Telegram channels. I lost 20K TRX which I was ready to lose but felt that because it was whitelisted, it was a semi-reliable option. Now no one can be reached and their site no longer works, massive TRX transfers from the contract creator to 3rd party accounts, and admins no longer responding.
Subsequently, their token price crashed and withdrawals bring a network error. I'm willing to lose the money, but the community deserves to know what you are looking at because the whitelist gives the impression that these products are vetted on the basic level, after all, it's the point of the whitelist. I was just getting into the TRC20 ecosystem after being tired of ETH but this leaves little confidence in the official resources I'm using as a reference when using TRC20.
If you look at the issuer account, they made a total of 12 million TRX transfer to 3rd party account in recent days.
This isn't me looking to blame someone for my losses, it's part of the game and I've already moved on. I'm just looking for some clarity as I would like to continue participating in the Dapp environment but a little more weary, cause potentially losing 20k TRX each time adds up lol. I'd like to use the official docs as reference but after this I don't know what resources to trust. Thanks for your time!
via Community for TRONICS https://www.reddit.com/r/Tronix/comments/il95v9/justswap_whitelist_vetting_process_questions/
TRONIX is a MainNet token based on the TRON Protocol issued by TRON Foundation, known as TRX. TRX is the basic unit of accounts on the TRON blockchain. The value of all other tokens derives from that of TRON. TRX is also a natural medium currency for all TRC-based tokens.