-In this article, I want to raise the topic of cheating with memcoins.
-The whole scheme is based on the fact that an ordinary crypto user will not delve into where all these coins originate from. It's enough for people to see a coin grow by thousands of percent in a matter of hours. And to dream about how one could get rich by buying literally for a negligible amount.
- You will never be able to buy this coin at the very beginning at the bottom. And now I'll explain why.
-To buy a newly created coin, you need to know its smart contract.Having a smart contract, you will be able to make a swap on the Dex exchange because this coin will never appear on centralized exchanges. The exceptions are the units.
-But as a rule, you only find out about her when she has already made thousands of percent. And when bloggers on Twitter and telegram channels start shouting that a new rocket has appeared, in fact, distribution is already underway and only the very first ones will catch a couple of X's. And then if they manage to sell it.
-How does it all happen?
- For example, a newly created wallet creates a coin worth a total of 100 billion. He then creates a pool with a small number of liquid coins and a full number of newly created coins. Burns the liquidity tokens, and his role ends.
-Then a couple dozen wallets start making swaps for small amounts so as not to disperse the coin rate in advance.These wallets will subsequently be whales that will be advertised with might and main as buyers who expect great growth.In fact, they will act as arbitrage bots that add coins to the pool and withdraw liquidity from it, equalizing the price.After the required number of coins is collected, the course begins to accelerate with several large purchases.
-Naturally, all this is done by one small group of people. Everyone has their own role. Someone creates a coin and writes scripts. And someone is engaged in luring the public. After all, it is necessary that as many people as possible learn about this new Rocket that will enrich them. But in fact, they will be left with useless coins in their wallets.
-And what do we have in the end?
-A coin that doesn't seem to have a master. Locked liquidity. The purchased whales are waiting for the crypto boom.
----WE NEED TO BUY!!!!-----
-But naturally, no one will delve into where the legs of this story grow from. And it always ends the same way. Thousands of buyers with a coin that can fall indefinitely. Until the Liquidity Pool is completely emptied.
-The article turned out to be long and a little messy, but I described the main points. And this is one of the many schemes that scammers use.
-In my next article, I will give an example on a real coin with real screenshots and wallets. I think it will be much clearer this way.
Good hunting!!!
#scams