What is a Rug Pull in Crypto? (Meaning + 3 Examples)
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- Опубликовано: 25 май 2021
- You might be here wondering what a Rug Pull is. In this video, we are going to explain exactly what a rug pull is, how they work, and the 3 main ways a rug pull happens. There are also some signs to look out for when investing in any coin or token, and we share those as well.
Crypto Topics Mentioned:
Liquidity Pools: • What is a Liquidity Po...
Automated Market Makers: • What is an Automated M...
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6 months ago I had no idea what Crypto is.
Now I have $36,000 in BTC and ETH.
I still have no idea what Crypto is.
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Assets that can make you wealthy
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Underrated Comment 🤣🤣
Seriously
Does axie infinity do rug pullingM
@@KaKaroTChannel7 no, it's just there's more supply than demand
As a CS grad and a Software Engineer, your video's have the best explanation in youtube. Keep up the work, it will pay off soon.
It'll pay off with people like you supporting our hard work, thanks! :D
Excuse me, Does axie do rug pulling?
@@KaKaroTChannel7 no
@@WhiteboardCrypto okay so you said anyone can make a token I know that's true because I made one but took me forever to do it
@@WhiteboardCrypto my question to you is how does a person who doesn't have any money to begin with give a token liquidity and then provide the rest of the tokens for people to trade
So grateful that I came accross your videos. No other youtuber will explain topics like you guys. Super awesome and easy to understand.
This video is golden and deserves more attention.
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Glad I came across your video. This is incredibly informative. Thank you
binge watching all your videos
This was really well done. Thank you. I'm surprised it doesn't have a lot more views.
It will soon I bet my bottom BTC
Does axie infinity do rug pulling?
Good simple video. Subbed. So many scams are running now, and so many people getting robbed that regulation is inevitable.
Your explanation skills are masterful. Thanks very much for making this.
Wasn't gonna click on this because I already knew about the topic, but the SQUID thing just happened, so why not? Great vid, very well explained
Awesome Content! I immediately subscribed after watching this video.. Keep it Up!
Once again another great video from y'all! Keep up the good work!
True
Love the video extremely helpful. Is there any guides you know having more detailed steps in using bscscan or etherscan to check the wallets holding a large percentage?
Thank you, awesome as always :)
Squid game was lol. Litecoin was almost one as the creator told the litecoin community that the price was about to pump then the same day he sold 100% of his LTC holdings and a few days later the price dumped.
In defence of LTC whilst the creator deffo took some profit so that he could live the rest of his life in luxury a lot was also given to the LTC foundation. If it wasn't for this move though LTC would prob be consistently in the top 8 as it has both works well as a store-of-value and has great usage.
@@OwenRhodri he created the "foundation" to not only doge taxes but also stay out of jail. If he did not create the foundation then LTC would have been a security and that would have been illegal to sell it.
@@secondstartotheright Can you create tokens or coins that are tied to economies ?
or stocks...
@@avarice4556 yes they are called CBDC's. CBDC's can be tied to anything you want pork bellies, gold, frozen concentrated orange juice, s&p 500, or what ever.
U deserve more subs. Good informative videos, new subscribers
I ad a late look on this video, but I find them great and need to share it withe my followers and friends, now!
this channel has helped me so much
Like the Housing Market collapse and the banking financials meltdown. The sad thing about the crypto rug pull is that it is very minimal in terms of ripple effect.
Keep up videos watching and
Knowledge sharing
Love this, I need to subscribe asap cuz I'm a noob and I've been scammed several times on some rugpull project, we won't stop trying and I'm sure we'll win someday 💯🚀
thanks for this valueable video I learn a lot.
I love this channel! New subscriber here.
I really find your video informative. But I find myself with some serious questions at the end of a lot of them.. I know it’s not your job to tells us everything but things like how long should you leave your coin in or how can you stay on top of a falling value so as not to liquidated but other than that great videos and thank you for the help and it’s been a big help thank you thank you
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Thanks for this: Strong is a great example: all of a sudden you can't sell it anymore (or they limited it)
Thank you for doing this👍
New sub👍
As a crypto investor.. I already know all this stuff. But still look at your videos. Very nicely done.
How did u learn?
And another great video :)
Nice videos man, hope you get way more subscribers as crypto continues to become mainstream.
Thank you! We are appreciative of the support so far.
This episode is a must watch
Good job bro 👍👍👍
lovely,why? Simple,undarstandable and friendly explonation👍🏻🤙🏻👌❤❤
Hey man, love your videos! I have one suggestion and please don't take it the wrong way. Thre vignette effect in the corners is kind of distracting in my opinion. Could you dial it down a bit?
Otherwise, top notch videos. 🤌🏻
ANOTHER GREAT VIDEO THANKS BRO
Actually so helpful. Not only for investors. But for ppl trying to make a drop and do so in the right manner. How to take the right steps in giving the community some security
5 months later, Squid Game happens 😂
I learn a lot from you whiteboard crypto. Thanks. If any chance in the future you make your own coins or token. If thats happen i definitely buy and hold.
Thanks for sharing. 👍
Great info!
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If you want to know what a pump and dump is read up on what Frazier Kay did to his fans with his “save the kids token”. You really should have explained how the presale works and how changing the whale code works.
Man! I dont think i saw a vid that explained like this! Thanks. By the way, this shows thay we need projects like quantstamp for smart contracts auditing.. Wyt?
Yes, auditors play a big role in make sure a project is safe for investors but remember to always do your own research as we've seen projects rug pulled even after an audit.
Crazy explanation just crazyy A1!!!!!!!!!!!!!!!
Very interesting 👏🏻
Dude , THANK YOU
Floki Inu coin got rug pulled twice back during summer. The first one was the inability to sell and then the second time it was a liquidity pull.
And people are hyping it up.
This was an amazing video. Thanks to God I’ve not been rug pulled yet. But I could of easily been. I haven’t check much of it.😢
friend, great video only lacked the subtitle for those who do not understand English very well to be able to see the video without loss of content.
Interesting on Etherscan and BSCScan (4:19), but they're too limited to be really helpful in some important cases.
Another great video opening eyes showing the reality of this crypto unregulated dex world!
Great video! Anyway, have you hear about OGL? I heard people are talking about it. I'm kinda curious about it. I will be glad if you share your thoughts about it.
Thank you!
Excellent video but which app are you using?
great Video!
So guys is KISHIMOTO INU candidate for a rug pull ?
your drawings are really nice
Thank you so much 😀
Subbed. Pls don’t rug pull the good content 🥲
Hi im starting in my crypto journey, can you give me a list of videos I need to watch step by step. Its really cofusing to watch different videos randomly.
Great
thanks!
now my grandfather is a crypto expert thanks a lot
Is there a website that would show the probability of a coin being a scam or not?
Oh, thank you. Now i figured out how to rugpull...
How exactly they lock liquidity using third-party? Are they using a code or real person?
i got my lesson .. no more mr nice guy!! i need to make a token hehe
thanks man very informative content, Is AI trading possible ? cuz mercor finance is doing such thing and they earn thou
@whiteboardcrypto Can you please analyze Rocky Inu? :)
I pay a lot of attention thanks to this video,
Guys, what do you think about REALM, in etherscan the First holder has more than 90% of the tokens, it is a void wallet or a real person ?
Is there a way to tell if the coins get locked?
Nice video i would like to review mao token
Kasta is a perfect example.
Please make a detaild long video, how to avoid rug pull?
New sub. Here great vid hope i watch this before i invest in cryptoblades
Pls.make a review of Cyberfm token..there price are different in exchanges ang defi wallets
Just so I understand this correct - Burning sends tokens to an address that noone has access to - what about the person or network sending the tokens? Don´t they technically have the address to where the tokens are sent? Just a thought (still new to the crypto world)
Broo,
Please make a video on Floki
Wats ur thought on vvs finance?
This is the vibe I get from etherlite
Subscribed ! And here after squid 🐙.....
If a rug pull were to happen in a certain project, what happens to the stablecoin pool (eg USDC-USDT) in that farm? From my understanding, a rug pull affects the token native to that project. But what about other pools? Very new to this and would appreciate some clarity. Thanks!
If possible, you can just withdrawal your USDC and USDT... Usually earnings are paid in the farm token, meaning you won't get any yields, but at least your collateral is safe
@@WhiteboardCrypto Ohh you don't get paid in USDC or USDT? But in the native token?
@@blau98798 dépends on project. So in othet words, if you see a farm that promises absurd yeild like 90% APR, but only available in the native useless shit token, thats usually a red flag.
There are some new NFT games today that are community based and there are no shares from the developers or team. Also no pre-selling can you do a research about it? The half of supply is on burn address and looks like totally unruggable
what are those games?
How about soft rugpull like CB?
How about slp? Can you share your thoughts about it.
Thanks from philippines
no rugpull will ever happen with that. it has lost its peak already.
The same thing with stocks that are new. They pump up, then go down and never recover.
the libra facebook is one of samples
I think this is happening in axie infinity and I learned my lesson in a expensive way.
Damn. This is like a videographics on Cryptoblades.
indeed, that's what I thought on the 2nd demographic
4th. They only allow buyers to sell a very small portion only once. Then new investors will also test the water, then fall into a sink hole when they invest more.
What do you think of anonymous developers? Could they be known developers who don’t want the public to know they are associated with a new project for fear it would effect the credibility of another project?
What software are you using for the whiteboard tutorial?
I want to use something similar to teach my theory in my ICT class. *Wink* loving your content 😉
Nice content. To me, trading the forex and crypto market is way better than any online investment💯
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Example are PVU - Plant vs Undead so many invest that game and within 2 months the tokens goes down.
i watch this greatness for entertainment
SO are developers not allowed to sell any of their coins? Are they allowed to only sell portions of their personal coins? How do developers make money?
How do we check if the project has locked their liquidity or not?
So how do you tell the difference from a rug pull and if the crypto market has legitimately gone down decreasing your returns?