Formation Fiの‌価格FORM

ART – tokenized or not, digital or not – is Beauty. And it goes well beyond its shape or form 🎨♥️

How Rug Pulls Work 1. Creation and Hype: Scammers create a new cryptocurrency token or project, often promoting it heavily through social media, influencers, and various marketing channels. They generate hype around promises of high returns, innovative technology, or exclusive digital assets, to attract a large number of investors. 2. Investment: As interest builds, people invest in the project by purchasing its tokens. The developers often control a large portion, sometimes even a majority, of these tokens. 3. The "Pull": Once a significant amount of funds has been amassed, the malicious developers suddenly withdraw all the liquidity from the token's trading pool, or sell off their large holdings of the tokens. This action dramatically decreases the token's value, often to near zero, as there's no longer any backing or ability for others to trade it. The developers then disappear, leaving investors with untradeable and valueless assets. Types of Rug Pulls Rug pulls can broadly be categorized into: * Hard Pulls: These are more sudden and acute, with developers withdrawing all liquidity at once, causing an instant loss of value. * Soft Pulls: These happen over a longer period, where the team might slowly drain funds or gradually abandon the project, giving a false sense of security before shutting down. Common methods include: * Liquidity Pulls: Developers remove the cryptocurrency they initially provided to a decentralized exchange's liquidity pool, making it impossible for others to sell their tokens. * Limiting Sell Orders: Scammers might implement code that prevents investors from selling their tokens while allowing the developers to sell theirs. * Pump and Dump: While often associated with other forms of market manipulation, a rug pull can be seen as a form of "pump and dump" where the creators heavily promote a token to inflate its price, then sell off their holdings, crashing the value. * Team Exit: The project's team members simply disappear, leaving the project unsupported and its token collapsing in value. Why They Happen Rug pulls are prevalent in the decentralized finance (DeFi) space due to the lack of regulations and oversight for new projects. They represent a significant risk in the crypto world, leading to substantial financial losses for investors and eroding trust in the broader market.

There are two kinds of builders in crypto: Those who build things that get replicated and those who build things that get dumped. Replication is the highest form of validation. Dumping is the loudest form of rejection. In crypto, feedback is on-chain and brutally honest. So

You may have felt this process before - where the external world feels like it awakens something inside you - a pure resonance of energy that you can’t quite explain other than - I KNOW THIS IS TRUE! Reconnection is the highest form of knowledge.

Gonna push the subscription stuff for two reasons: 1. Writing long form will keep me disciplined & help refine my own ideas. 2. It’s a challenge to see if I can build this up as another little side business.