In Episode 9 of TCMW, Dr Nick and Marsh Frost discuss one of the most common yet least nuanced negative Crypto events, a Rug Pull.
Dr Nick will provide a framework on how to think about Rug Pulls and how to avoid them. Or if you absolutely positively have to buy the meme token, what you are looking for in a Project so you can better anticipate what style of Rug pull may be on the horizon.
The Show:
What is a Rug pull?
What are the types of Rug pulls?
Most Basic Rug - The exit scam
The Classic Rug - LP tokens yanked
The Token Rug - Dumped supply
The Slow Rug - Bleed out the value slowly by dumping supply or removing LPs.
The Sly Rug - We’ve been “hacked”
The Pump and Rug - Liquid supply on launch, pumped through a low float AMM.
The Insider Rug - The supply is actually cornered by insiders and the only way is down.
The Algorithmic Rug - Automate the rug stack and deploy relentlessly.
The Rug Sandwich - The sandwich attack
The Dust Rug - You have been dust attacked with Tornado ETH
The Bacon Rug - You are X hops away from tornado cash you are rugged.
The DAO Rug - You invested in a DAO and they have decided you are unworthy of your tokens e.g. Merit Circle
The Vapour Rug - It’s all whitepaper and dreams and that’s it. The insiders know this and get out before you.
The Inu Rug - Elon has tweeted and it’s time to buy the meme coin.
The Wrapped Token Rug - You’re happily playing around on a chain using ether which is not ether. The bridge is rugged.
The Rebase Rug - You’re inflated away to zero, one way or another.
“Everything that can be rugged, will be rugged”
News:Musk’s Twitter Reforms Could ‘Damage The Blue Check's Anti-Scam Role’: Ethereum Founder Vitalik Buterin - Decrypt
Referenced information and further reading:Dr Nick's Thread on Uni Swap Rug PullsSocials:finance.vote site
The Crypto Market Watch Suggestion box is open:
Holders of an Ethereum FVT NFT or holders of $FVT token can suggest episode ideas and suggest news articles here:
finance.vote episode suggestion box
Want to leave The Crypto Market Watch a voice message?
Funny messages or good questions may get featured on the show!
Leave us a voice message!