Is this the end or only the beginning - page 4.

X-ray

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Quote from: TreyARC on May 26, 2022, 03:08:33 AM

what about projects with invincible CEO? There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.

that can be called as anon project which has been running by unknown developers. I personally believe if any anon project is having a high probability to be the next scam project, there are bunch of scam projects already gone but again mostly of media were only posting the projects that can attract the traffic and they are rarely mentioning low cap project that was going to be soft rugpull. The latest news was about dewo which has been stealing whole of liquidity.
There would be some but these scam projects have not exposed yet

danherbias07

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It's not easy to count them all.
There are small projects that are doing rugpull that we don't see being reported at any crypto-related news outlet or forums.
I joined one of them months ago (I forgot the name of it.) It's obvious to be a rugpull but the team keeps on blaming it on the whales who bought the coin at a cheaper price, then sold it after it was pumped. Yet, they discontinue the project and just gone declaring bankruptcy.
The key not to be traced was being anonymous. We don't have any idea where he is.
This is just the beginning. More will come.

lobo13hf

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Quote from: TreyARC on May 26, 2022, 03:08:33 AM

How many projects will rug pull in 2022?

I thought that if you can't even counter it. There are bunch of projects were doing hard and soft rugpull during 2022.

Quote from: TreyARC on May 26, 2022, 03:08:33 AM

There are many projects that will face the same fate as Luna project but I believe we are able to raise voice on Luna CEO because he is popular and well known, what about projects with invincible CEO? There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.

I do agree with it but luna was in the different case. At least the ceo didn't wanna to run away from his responsibility with his project. he knows that if he will be facing legal action and he can't hide from the investors. So many defi got hacked but i rarely seen a metaverse project that was collapse. It seems like metaverse was the best one for now.

Rikimaruu

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Quote from: Oshosondy on May 26, 2022, 04:19:23 AM

Quote from: TreyARC on May 26, 2022, 03:08:33 AM

How many projects will rug pull in 2022? There are many projects that will face the same fate as Luna project but I believe we are able to raise voice on Luna CEO because he is popular and well known, what about projects with invincible CEO? There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.

But come to think of it, only bitcoin remain the decentralized cryptocurrency, all other cryptocurrencies are not decentralized. There are over 20000 cryptocurrencies and many of them are not good coins to hold. Many of them do not have utility purpose. But luna is just one of its kind and a present failed project which could later inceease in price there is nothing impossible. If you want to use a coin that is not very volatile, you an use bitcoin.

Quote from: MAAManda on May 26, 2022, 03:24:53 AM

After Terra (LUNA), I heard that $YFII has decreased in price by up to 70% (although as of today the price of YFII is rising again). All of this may have happened because of the loss of confidence in projects with a background in Finance, which have a very high APY.

Still luna will be the fail of the year. An altcoin can fall 70% when bitcoin has already falled over 50%. Altcoins are always more volatile. What about coins like doge that has falled 1000% since ATH.

You are right, Bitcoin remains the true decentralized project, just imagine if other projects can build their projects on BTC smart contract, I think this is what will end up happening few years from now, it's why I am looking into Sovryn and other.

coco23

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Quote from: Jackl87 on May 26, 2022, 05:43:32 AM

Quote from: TreyARC on May 26, 2022, 03:08:33 AM

How many projects will rug pull in 2022? There are many projects that will face the same fate as Luna project but I believe we are able to raise voice on Luna CEO because he is popular and well known, what about projects with invincible CEO? There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.

I don't really think that rug pull is the right word in relation to what happened with Terra (Luna). A rug pull is when a team or a single dev of a project is suddenly removing all the liquidity from a pool on sushiswap or pancakeswap for example which means the token can not be traded anymore and the scammer has more of the token that was paired with his own rug pull token for example ETH or USDT or something like that.
The Devs of Terra Luna did no rug pull. The sell pressure on UST just became to high so it could not hold it's peg to real USD anymore. This then caused the panic selling of a lot of nervous investors which of course made things only worse and lead to the complete downfall of the Terra ecosystem. If we have months or even years of a bear market ahead of us, then i am sure that a lot of smaller projects will have a hard time to survive.

I was thinking exactly the same. It seems some people use rugpull or "to rug" as a synonym for a price crash of coins or tokens.
Apart from that we are in a bear market. It might go on for another 6 months, maybe even longer. After that we will see whether we have new innovations that can fuel another bull cycle or not. Stablecoin regulation might be coming soon too, which could be another problem for crypto in general.

dansus021

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Quote from: TreyARC on May 26, 2022, 03:08:33 AM

How many projects will rug pull in 2022? There are many projects that will face the same fate as Luna project but I believe we are able to raise voice on Luna CEO because he is popular and well known, what about projects with invincible CEO? There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.

in fact not just in 2022 that project got rug pull the other year from the beggining of token there is dozennn of rug pull maybe you can see rug pulled / scam project in a month or two.

anonymous team make easy to rug pull project hahah its obvious even you know the name most likely they are fake

and the answer of this Is this the end or only the beginning

it can be both beggining or ending its always depend on you, i mean welcome to crypto maybe in couple month we will see bearish moment that yes can make insane if you full time job crypto like i do feel like this is the end

but it can also beginning you can buy lot of crypto at discounted price and learn from scam project so we dont fall at same hole

kojektea

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In the cryptocurrency world, it is very anonymous, no one knows the CEO's data if he hides it, for example, if you see a similar project managed by the same admin, they only have their project names, without including their real names and original photos on their website, it's very dangerous. because it is advisable to research the project first before we actually invest. But I think it's better to stay away from DeFi which hides who their team is.

Jackl87

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Quote from: TreyARC on May 26, 2022, 03:08:33 AM

How many projects will rug pull in 2022? There are many projects that will face the same fate as Luna project but I believe we are able to raise voice on Luna CEO because he is popular and well known, what about projects with invincible CEO? There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.

I don't really think that rug pull is the right word in relation to what happened with Terra (Luna). A rug pull is when a team or a single dev of a project is suddenly removing all the liquidity from a pool on sushiswap or pancakeswap for example which means the token can not be traded anymore and the scammer has more of the token that was paired with his own rug pull token for example ETH or USDT or something like that.
The Devs of Terra Luna did no rug pull. The sell pressure on UST just became to high so it could not hold it's peg to real USD anymore. This then caused the panic selling of a lot of nervous investors which of course made things only worse and lead to the complete downfall of the Terra ecosystem. If we have months or even years of a bear market ahead of us, then i am sure that a lot of smaller projects will have a hard time to survive.

sunsilk

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Quote from: TreyARC on May 26, 2022, 03:08:33 AM

How many projects will rug pull in 2022?

Too many to count.

The recent that I know of is the monkeypoxinu. Well, the name itself clearly says that don't invest on it. It's just made newly and was made after the new disease that's been on the news and currently spreading in some countries.

Quote from: TreyARC on May 26, 2022, 03:08:33 AM

There are many projects that will face the same fate as Luna project but I believe we are able to raise voice on Luna CEO because he is popular and well known, what about projects with invincible CEO? There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.

I think this is the worst of them all.

Just weeks after reaching its ATH, the price totally dumped to 100% and I considered it worst because it's one of the top coins and seemed to be reputable.

Reid

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It's not a new dilemma in the crypto industry. Before, ICO project do want their team to be anonymous for the reason of protecting themselves. The reality is they want to mimic what Satoshi did which is not applicable in this era anymore. We want transparency and as much as possible we want to know them using means like video calls or other options.
It would be best to stay on those kind of projects. There might be some anonymous teams who are doing great in this NFT era but there is the risk factor included in it which is rugpull anytime.

Oshosondy

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Quote from: TreyARC on May 26, 2022, 03:08:33 AM

How many projects will rug pull in 2022? There are many projects that will face the same fate as Luna project but I believe we are able to raise voice on Luna CEO because he is popular and well known, what about projects with invincible CEO? There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.

But come to think of it, only bitcoin remain the decentralized cryptocurrency, all other cryptocurrencies are not decentralized. There are over 20000 cryptocurrencies and many of them are not good coins to hold. Many of them do not have utility purpose. But luna is just one of its kind and a present failed project which could later inceease in price there is nothing impossible. If you want to use a coin that is not very volatile, you an use bitcoin.

Quote from: MAAManda on May 26, 2022, 03:24:53 AM

After Terra (LUNA), I heard that $YFII has decreased in price by up to 70% (although as of today the price of YFII is rising again). All of this may have happened because of the loss of confidence in projects with a background in Finance, which have a very high APY.

Still luna will be the fail of the year. An altcoin can fall 70% when bitcoin has already falled over 50%. Altcoins are always more volatile. What about coins like doge that has falled 1000% since ATH.

MAAManda

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I have the same feeling as you, and I believe that the projects that are experiencing setbacks this year will come from projects with a background in Finance. After Terra (LUNA), I heard that $YFII has decreased in price by up to 70% (although as of today the price of YFII is rising again). All of this may have happened because of the loss of confidence in projects with a background in Finance, which have a very high APY.

TreyARC

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How many projects will rug pull in 2022? There are many projects that will face the same fate as Luna project but I believe we are able to raise voice on Luna CEO because he is popular and well known, what about projects with invincible CEO? There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.

Topic: Is this the end or only the beginning - page 4. (Read 432 times)