Types of Scams
Why It's Important to Learn About Types of Scams When Choosing an Altcoin to Buy
Scam – a fraudulent scheme in which token creators deceive investors or users for personal gain.
Popular types of scams include the following schemes:
1) RUG PULL:
RUG PULL – a type of scam in DeFi where the token creator withdraws all liquidity from the pool, making the token illiquid, i.e., you cannot trade it.
2) HONEYPOT:
HONEYPOT – a type of scam in DeFi where the developer prevents investors from selling tokens. It is often used in conjunction with RUG PULL.
3) PUMP and DUMP:
Pump and dump – a type of scam in DeFi where false hype is created around a coin.
The full version of the article is available only to users with subscriptions. Click the button and select the appropriate tariff to have access to all useful articles.