what's the rug pull

A rug pull is a scam where a cryptocurrency or NFT developer hypes a project to attract investor money, only to suddenly shut down or disappear, taking investor assets with them. The name comes from the idiom “to pull the rug out” from under someone, leaving the victim off-balance and scrambling

how to avoid rug pull

Most rug pulls come from new projects that might seem like exciting investments. With widespread fraud in the crypto world, extra scrutiny is called for before you invest your money.

Avoid buying coins advertised by famous influencers because powerful projects do not need such cheap advertising

you must read the white paper 📜 because it contains all you should know about The project and the problem they are solving and tell if a White paper less than a 20 pages that's not a White paper it's a sale pages designed to get your money

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