🦴 Hi, I am 10, this is the #打狗棒法 series, this issue teaches advanced mental techniques!
This advanced article on primary market (on-chain) trading introduces some scams that exploit loopholes in token contracts or other methods. You must keep it in mind. After this article is over, the dog-fighting stick method can be said to be a success!
The primary market (on-chain) is not only a secondary market with its own leverage. At the same time, various scams continue in the primary market, and due to the anonymity of the blockchain, it is even more difficult to protect rights. The only way is to keep your eyes open and discern clearly. true and false!
More things to check:
The more the project party does, the safer the project will be and the lower the risk will be. But you can’t insist on being completely satisfied. Different projects have different needs. For example, in order to ensure privacy, the creator’s wallet does not have a few dollars, and large positions are for follow-up publicity or lock-up for investors, etc.!
Contract checking; prevent fraud or potential backdoors!
Check how much funds are in the wallet of the contract creator; everyone knows what the funds represent, right?
Observe the flow of token contracts; before opening, check the number of Holders, the number of holdings, and the remaining number to determine whether there is a rat position. After the market opens, check whether the authority has been given up, whether the pool has been locked, whether there has been a crash, and whether the trading tax has changed.
The investment or strength of the project; whether there is an official website, whether there is a Twitter account, how many fans there are, whether there is a Telegram group, whether the Telegram group is active, whether there is KOL promotion, whether there is token information on Coingecko and CoinMarketCap, whether there are avatars on DexTool, AVE and TP wallets, etc.
Whether the project party is doing something; continue to promote after the market is open, keep Twitter and Telegram active, etc.
Common scams:
Some of the following scams are personal experiences, and some are descriptions from friends and online experiences, to name a few. I’m not afraid of everyone’s jokes. I once bought a Pixiu 10U and changed it to 10000U. I watched the market for 4 hours! ! !
1. Currency with the same name:
When purchasing tokens on a decentralized trading platform (pancake, uni, etc.), you need to select a purchase target, and the operation of entering a name allows others to take advantage of it, causing you to buy something other than what you want to buy. Unless you buy a well-known currency, It is recommended to enter the token contract address and choose to buy.
2. Fake token contract address:
It is mentioned above that you enter the token contract address to purchase, but many scammers will publish fake addresses, resulting in wrong purchases. Here you need to keep your eyes peeled to see if it is the information released by the project party!
3. Receive airdrop tokens:
When your wallet address is active on the chain, you will definitely receive inexplicable tokens. At this time, you should pay attention. Pies in the sky will not fall, but fish hooks will fall. Do not click on the corresponding website on the token information, and do not perform authorization or transfer operations after opening the website.
4. Not necessarily a BUG:
According to the project party's operation, if you pay the money but don't get anything, generally speaking, you are either being phished, or the project party deliberately defrauded you of your money. Check the community or Twitter in time to see if there are any similar problems, and protect your rights as early as possible. If there is no problem, the project will solve the problem immediately, or solve it for you!
5. Carrying or smashing plates:
That is, the token price suddenly returns to zero or the price is approximately equal to 0.
The contract authority has not been given up. By operating certain functions of the contract, it may be some unknown smart contract functions, or it may be to modify the number of tokens or suddenly increase the issuance, etc.
When withdrawing liquidity, locking the pool is very important, but the time of locking the pool is equally important. The expiration of the pool is equivalent to unlocking the pool. If the pool is withdrawn, all the money in the liquidity will belong to the pool owner, and the currency will be in our hands.
6. Pixiu (pí xiū) plate:
What is Pixiu? There is a mythical beast in ancient Chinese legends that can swallow everything (mostly gold and jewelry) without expelling it. It can only go in but not out. Therefore, the "Pixiu Pan" is described as a certain digital currency that can only be bought but cannot be sold.
Whitelist Pixiu: Through the whitelist, you can only buy but not sell!
Pixiu of Transaction Tax: Set a super high sales tax, you can sell it, but you won’t get many, or even none!
Congratulations to all the friends here, the method of beating dogs has been taught. From now on, everyone’s success in beating dogs will depend on their own luck. At the same time, I will also share my dog beating experience!
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