How to avoid rug pulls in crypto?
Cryptocurrency rug pulls are very common these days. Thus, crypto enthusiasts and investors should educate themselves on how they could spot and avoid rug pulls, both when it comes to crypto projects, as well as NFTs.
In this video, I will tell you all about it! Specifically, I’ll quickly run you through what a rug pull is, in regards to crypto, and what a typical rug pull looks like. Then, we’ll take a look at five of the best and most-effective ways to spot a potential rug pull in the making.
Have you ever been rug-pulled? Or maybe you’ve spotted some projects that have all of the red flags associated with rug pulls? Do share your experiences in the comment section down below!
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Video Time Table:
0:00 Introduction to How to Avoid Rug Pulls in Crypto
0:47 What is a Rug Pull?
1:41 How to Spot and Avoid a Potential Rug Pull?
2:06 General Outlook / Social Authority
3:40 Project Liquidity
5:37 Token Allocation
6:32 Check the Project's Whitepaper / Roadmap
7:30 I've Seen This Before
8:30 Wrap-up: How to Avoid Rug Pulls in Crypto?
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