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What is a 'rug pull' in cryptocurrency and 6 ways to detect it
What is a 'rug pull' in cryptocurrency?
A 'rug pull' scheme occurs when a team or developer abandons a project, leaving investors with worthless tokens.
Imagine you are at a party where you find an exciting game. Players are having fun and there are great prizes. You decide to join, invest money, and start playing. However, just as you are about to win, the game organizer disappears with all the participants' money.
A 'rug pull' scheme occurs when a team or developer abandons a project, leaving investors with worthless tokens.
Imagine you are at a party where you find an exciting game. Players are having fun and there are great prizes. You decide to join, invest money, and start playing. However, just as you are about to win, the game organizer disappears with all the participants' money.
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