DEXScreener Review: Accused of Promoting Rug Pull Coin Scams

While at the same time offering promising tools and features, this website has been rated low by end users and it is accused of facilitating rug pull scams. It is true, however, that the company profits by advertising new crypto projects. Apparently, not all of them are legit despite how attractive they look. 

Read the following DEXScreener review for more insight into the characteristics of the tools this firm offers and if they’re indeed helpful.

Who Owns DEXScreener Brand?

DEXScreener crypto app is owned by Dex Screener, Inc. registered in Delaware, US:

The company lists an address in Miami, Florida as the location of their headquarters. However, Division of Corporations – an official State of Florida website doesn’t include an entry under this name among countless companies that contain DEX in their name:

It’s not clear why the site would give one address while claiming their headquarters are located in another state. Otherwise, the website itself has been active since 2021.

As for the developers of the DEXScreener app, two key people are mentioned on the firm’s Crunchbase profile: Andreas Diegues as the CEO and co-founder, and Alexandre Bini as CTO and co-founder. All of this confusion about the owning company resembles the case of Trader Dale, but at least the founders are known here.

Pros & Cons

While the site advertises their blockchain screener app and claims to be used by over a million users on a monthly basis, DEXScreener reviews tell a different story. That is, speaking of the few we did manage to find, as there generally don’t seem to be many ratings posted.

DEXScreener Trustpilot rating is overall quite low – only 2.3 stars out of 5. Clients are accusing the platform of participating in rug pull scams because it allows suspicious projects to be advertised on their site. Reviews found on Product Hunt, however, are entirely positive, which makes them highly suspicious – they don’t reveal anything concrete.

We also dug up several DEXScreener Reddit posts, but these don’t offer much insight. Reviews on the Android app are disabled, while those posted on the App Store page claim that the iOS version needs to be more iPad friendly. There’s several conclusions we can draw from investigating the opinion of the public and what the app offers:

DEXScreener Accounts and Costs

One of the prominent features of the platform is that there is a discrete DEXScreener login account. A login is not actually necessary, unless the users wish to customize their alerts, charts, portfolio and other features.

Instead of using a proprietary account, clients instead need to use their Google or Apple accounts to access their personalized information. Nearly all of the features can be found easily in the left-hand menu on the homepage of the site.

These are available free of charge for both users of the web version of the service, mobile apps as well as the DEXScreener API.

Instead of charging the end-users, the firm profits by acting as a revenue for business clients. DEXScreener price varies between 3 different advertising schemes.

The most basic advertising service is called Token Advertising, and is available from $299 per month. It features ease of use, and quick onboarding. Bear in mind that tools like IQ Robot can offer more features yet for a lower cost.

Next in line is the Enhanced Token Info plan, starting at $499… Or is it $299? This is where the pricing scheme becomes murky, as the firm starts using perceived scarcity to pitch their service. It is a pressure sales tactic centers around the idea of a limited time discount to encourage hasty decisions.

While this basically means that you’re getting a better value for your money, it also means that the basic service is completely redundant. Unless you count in the role it has in selling the other product, that is.

Finally, the best offer the company has to offer is called Trending Bar Advertising. This plan starts at the fixed price of $2,000 but constitutes a bit of a professional risk, as the company does not guarantee that your asset will be trending despite the heavy advertising.

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