"Rugpull" defense...

[markm]

I see a lot of folk complain about rug pulls but it is far from clear to me that those very same folk are actually furnishing rugs in the first place themselves personally.

The category of rugpull I am on about here is the one where the buy-side of the order-book, the actual column of buy-offers "supporting" the price, is "pulled" as in the offers are deleted.

How many of you don't even actually build a column of buy offers for each asset you work with in each pair you trade it in?

(It is tempting to aside "aha, thought so..." at this point.)

If you don't even provide a rug you don't really have any say in whether it gets pulled or not.

Provide ruggery yourself and there remains at least that much even if everyone else pulls theirs or never even considers providing one.


-MarkM-

[DeathAngel]

I would define a rugpull as a project that has a presale with a very large % of tokens owned by a small amount of devs & investors that launches & then they dump all their tokens on people immediately upon launch. I actually got rugpulled myself this year. It was only for a few thousand dollars worth of tokens but they had a presale & made us claim the tokens upon launch. It was a multi month scam, I think they made off with over $5,000,000. We had to add the contract address to Metamask & claim. Their website went down so we couldn’t claim & whilst the website was down they were dumping on us. By the time we could claim, our tokens were down 95%. A successful rugpull for those bastards. I’m just glad I didn’t invest more.

[markm]

I call that a dump, not a rug-pull.

Dump as in pump-and-dump.

Pump in your example meaning pump audience expectations ahead of launch.


-MarkM-

[coin-investor]

I call that a dump, not a rug-pull.

Dump as in pump-and-dump.

Pump in your example meaning pump audience expectations ahead of launch.

I experienced a rug pull in one staking platform where you are going to yield profit for a specific period of time; the platform is not properly audited, so I was not aware of these so-called back doors that will trigger based on specific parameters.
I woke up losing my $200; its a huge amount for me. its greed that made me stake my coins in exchange for a big interest. This is my definition of a rug pull, so I learned that we should investigate where we are putting our money; the other definition is you invest in a token where the developer abandons the project and you with their worthless token. I also experienced this many times.