SHILL Issue 41

the reality of rugs
easymoneyding.cc
@easymoneyding
They've been occurring more often, and as a community we're always looking
to point the finger in the crosshairs are: launchpads project owner’s influencers
launchpads are perceived to be the first line of defence when they've launched
said rugged projects, however what is an ID/KYC going to really do, fake IDs
still exist, how the hell you going to confirm someone's KYC - all it is, is an extra
hoop to jump through, an extra box to tick..
outside of engaging an escrow service, or holding royalties, there's not much
more launchpads can do to hold these projects accountable
project owners are the ones we should really be trying to hold accountable,
here's where you as a discord member can do your due diligence, this means
nit-picking their comms, how often are their announcements coming, has this
'meta' been overdone, have they sparked any suspicion
but at the same time, project owners can hide behind a veil of anonymity as is
their right, it comes down to you, what is your level of risk tolerance, have you
clearly defined the boxes that you must have ticked? and those that simple
cannot be unticked?
influencers, how many times have you seen on the timeline 'oh you shilled this
project/you're pumping your bags' and this has resulted in MY losses. tbf if
you're banking your buys and sells off what influencers are doing, then your risk
tolerance is high imo.
it tells me, you're lazy, you haven't put the time and effort in to learn and
understand the game and not just how it works, but you don't really care about
your money/investment enough to do your own research
what I’m trying to say is, maybe it's time to stop pointing the finger at everything
else, to some extent, rugs and scams are a part of all financial markets, just
look at equities markets, it's time to look within, ask yourself what can do to
protect yourself
put yourself in the crosshairs and level up
48
SHILL Issue #41