Replies to post #31 on Atrucoin (ALTRUCOIN)

[xZx]

i was just reaading it's a common scam to encourage people to stake a token, then drain the liquidity pool.

not saying that's definitely what's going on here --

https://twitter.com/AltruProtocol/status/1459238406915911681?s=20

but i think some caution is warranted.

How to spot a rug pull in DeFi — 6 tips by Cointelegraph

https://cointelegraph.com/news/how-to-spot-a-rug-pull-in-defi-6-tips-by-cointelegraph

In a typical rug pull, bad actors create a worthless token and list it on a decentralized exchange, where it starts trading in a liquidity pool. The scammer convinces investors to provide liquidity by staking a valuable token, such as Ether (ETH), which pushes the new token’s price up. At a certain point, the scammers “pull the rug,” taking all the Ether from the pool and leaving investors holding a worthless token.

https://isthiscoinascam.com/check/altrucoin

poor rating in the link above, too.

on the bright side, they are still doing AMAs:

https://twitter.com/AltruProtocol/status/1459308478338531332?s=20

from 20 hours ago.