Hey everyone,
I've recently stumbled upon a meme blockchain project that caught my eye. Interestingly, it's a Layer 1 blockchain with Proof-of-Work with a pretty low market cap (around 60M$). That project is existing since more then 1 year and is still very active.
I'm considering investing a bit into it, but I have some concerns. I don't want to make any advertisment, so I'm not telling which project it is.
Can a Layer-1-PoW blockchain be rugpulled? If so, how does that happen?
I understand that rug pulls are more common in DeFi projects, or L2-Tokens, but I'm curious if the same risks apply to Layer 1 blockchains. What should I be looking out for to avoid getting scammed?
Thanks in advance for your insights!
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments