Haha only two? Those are rookie numbers!!
I think over the course of the past year, I've lost to at least 15 rug pulls. Wild west out in non-SD land lol
Yeah, it is very easy to create a SmartDeFi token as it really only takes a few clicks, and its also important that the token is launched with good consideration towards liquidity. Part of what we do with SINU's Approvals is help these new projects get started and have the right resourcing. I also make sure project leads are prepared for whats ahead. Typically its pretty easy to tell who really cares to make something happen!
For every 1 non-SD token that blows up, theres thousands of non SD tokens that are also useless and can be easily made. The important thing about SD in this case is that its safe from honeypots and rugpulls, and has a baseline value to protect some of your investment.
You are absolutely right though, need proper development & marketing to actually succeed. We at SINU have done a few AMAs with outside groups and plan to do more. We've got a great team of devs working through our first major utility which I think you guys will all enjoy- an alert system you can customize and filter to your preferred SD tokens! Have to hold SINU to access it.
Then we will focus on SINU Stake, giving a monetary reward to all SINU holders.
I think its extremely important to bring value to the token holder, giving real utility to the token itself.
AI
