Arken
  • Introducing Arken Finance
  • Table of Contents
  • Roadmap
  • Using Arken Finance
    • For Individual Traders
      • Discovering Tokens
      • Monitoring Tokens
      • Best-Rate Engine 3.0
      • Stop-Limit for AMM & Limit Orders
      • Gas Optimization Mode
      • Cross-Chain Swap
    • For Private Funds & Institutions
      • Usage Overview & USP
  • Token and Community
    • ARKEN Supply Distribution
  • For Developers
    • Arken API
      • Arken Price API
      • Arken Swap Engine API
      • Arken Insider API
    • Arken Widgets
    • Arken Bridge v1
    • Integration Proposals
  • Security
    • Audit
    • Smart Contract
      • Changelog
  • Resources
    • Contact & Social Link
    • FAQ
    • Token Listing Criteria
    • Risks
    • Common Error Messages
    • Material
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  1. Resources

Risks

Do not let your guard down. Stay vigilant!

PreviousToken Listing CriteriaNextCommon Error Messages

Last updated 2 years ago

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❗️Contact us via our Intercom, if you find any bugs/problems.❗️

The Possibility of Price Change After Transaction Summited

RISK

  • During the submission of the trading pattern from Arken's best rate engine, if at that time a large number of transactions are waiting in a queue or a front-run occurs, this may result in not recieving the previously calculated rate.

PREVENTIVE MEASURES / ACCEPTANCE

  • Setting an appropriate gas fee with the network you are using before making a transaction submission

  • Do you own research on the risk of a front-run attempt:

  • Understand how to choose the appropriate gas fee at that moment

❗️Please be noted that Arken is not responsible for the price change situation mentioned above as this is a general working principle of chains.

Best Rate Engine

RISK

  • Arken's Price Feed Engine is a newly developed technology with unique algorithms and strategies. Thus, every time the user buys/sells coins and tokens, please must be sure to check the value of the coins that the user will receive carefully.

PREVENTIVE MEASURES / ACCEPTANCE

  • Always recheck the token values carefully before swap

  • An advised slippage % should not be over 1%

❗️Arken will always notify users before making any transaction with token valuation that is less than 10%. (Which may be caused by an error or not). If the user click confirms, it is assumed that the user has already checked the correctness before the transaction is completed. Arken will not be responsible for any damage caused

Double TAX

RISK

  • Arken Best Rate works as an intermediary for token exchanging between DEXs.

  • Results: In some transaction orders, exchanging certain types of tokens, such as tokens with taxes, commissions, or transaction fees (which do not meet ERC-20, BEP-20 standards) will result in double tax cases. Such trades must pay taxes, commissions, or transaction fees twice.

PREVENTIVE MEASURES / ACCEPTANCE

  • With Arken's current technology, we do not recommend trading tokens that do not meet ERC-20, BEP-20 standards.

  • Users can learn more about ERC-20 and BEP-20 standards .

https://coinmarketcap.com/alexandria/glossary/front-running
HERE