That’s a lot for a coin without further utility development and no concrete roadmap beyond simple growth numbers.
Sure, there are profits to be made in the pump. But be wary and exit asap when the tides turn.
People like @ProTheDoge promoting @GrumpyCat_Coin:
A coin without any locked liquidity, 8% in a Safe lock with 3 addresses (the quorum) being the dev with high probability and around 3% of total supply bought at the start.
It raises the question of how interested @pinkecosystem is in checking what eventually happens with the funds. I know the KYC and Audit tags mean nothing when the devs have zero interest in keeping the coin beyond a fast farm. Knowing that could make them liable.
@zachxbt
New successful one is @BojackH_BSC. Providing only 60% of the presale to LP (instead of promised 90%). Added sell taxes on the first decline and even pulled some liquidity yesterday just for fun.
Profits so far:~330BNB.
TG is still actively being hyped up to squeeze last bit
New pattern in Pinksale scams: launch a new token, often with taxes, let the community fill the community pool. Create a pump with fake promises. Take around 40k on taxes and pull the liquidity 90 days later.
Several coins have been released over the week, all by the same owner
My guess will be that @meowmeowbsc will follow the exact same pattern as @BojackH_BSC.
Why would you release a tax-less coin with tax functions still intact? Once again, no renounce, the “CEX” wallet gone and a percentage of the LP immediately syphoned away.
We do think @pinkecosystem can have its strengths for new successful coins to release. But with the community adding the liquidity, devs with bad intentions just lost any risk on their end.
New pattern in Pinksale scams: launch a new token, often with taxes, let the community fill the community pool. Create a pump with fake promises. Take around 40k on taxes and pull the liquidity 90 days later.
Several coins have been released over the week, all by the same owner
Also, most scam coins start from a fresh and new developer wallet. The inflow and outflow of funds often don’t. By analyzing early buyers we wil eventually give you an additional risk analysis on basis of related coins.
Delivering beyond our initial timeline. This week, the 1st alpha version of our BYTE Shield will be released.
A Telegram bot initially exclusively to be used on (https://t.co/nIx0fo7qxS) allowing to do deep traversal on the origins of a coin as well as their tax earn outflow.
When taxes aren’t implemented, a devs earn has to come from somewhere. Our initial holder analysis shows if devs are invested in the project or are simply draining other peoples’ investments.
@cz_binance @VanFlip10x What about looking into Ethchain
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