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What is a rug pull: What Is a Rug Pull?

The scam is only revealedwhen these funds are quickly sold off when the token’s price rises high enough. Crypto investors also experienced similar rug pull events during the Initial Coin Offering bubble in 2018, seeing a significant rise of exit scams and many worthless coins sold to unsuspecting investors. Is there a strong following or …Read more…

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What is a decentralized exchange: What Is a Decentralized Cryptocurrency Exchange DEX?

Inexperienced investors are at particular risk of losing money because of the sophistication required to interact with DeFi platforms and the lack of any intermediary with customer support. In addition, DeFi platforms might inadvertently provide incentives for cryptocurrency miners to destabilize the system. Decentralized exchanges are alternative payment ecosystems with new protocols for financial transactions …Read more…

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What gives crypto value: What Is Cryptocurrency?

For example, the price of CryptoKitty #18 jumped from 9ETH to 253ETH in just three days in December 2017. Some may argue price movement that is driven by valuation is negative to NFTs, but speculation is human nature and is a non-trivial part of the current financial system. If the right balance is made, developers …Read more…