Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

The openness of the on-chain world is a double-edged sword—anyone can deploy contracts, mint NFTs, and issue tokens, with almost zero barriers to entry. What does this mean? 99% of the projects on the market may not even bother to write a complete White Paper.



Seeing unfamiliar projects outside the popular rankings? Don't rush in just yet. Check if the contract code has been audited, if the team background can be dug up, and whether the community is having real discussions or if it's just bots flooding the chat. The tactics of Rug Pull are well known: making grand promises in the early stages, pumping up the price to entice buyers in the mid-stage, and then pulling the liquidity and running away in the later stage.

Remember this phrase: What you don't understand is someone else's ATM. Spend some time doing your homework; it's always better than being the one left holding the bag afterwards.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 10
  • Repost
  • Share
Comment
0/400
ser_ngmivip
· 11-30 13:24
99% of projects can't even finish their White Paper, let alone look at code audits haha Dumb buyer training guide: skip the homework and just rush in Every day I see this routine, yet there are still people running into the gunfire.
View OriginalReply0
SelfCustodyBrovip
· 11-30 03:53
99% of projects don't even want to write a White Paper, I just know how fat these suckers are. Another poor soul who got Rug Pulled, serves you right for not doing your homework. The contract is unaudited, the team is a mystery, I can predict the outcome of such projects with my eyes closed. You're not wrong, not understanding something is just handing over money, my blood and tears are a lesson. I see this kind of routine every day, boasting in the early stages, disappointing and Rug Pulling in the later stages, on repeat. Doing your homework is indeed important, but most people don't listen to this. Small coins outside the hot list, nine out of ten are carefully designed traps. The community is full of Bots spamming, and once they turn around, they should run, nothing more to say. Dumb buyers are queuing up, and there are still so many rushing in, it's really crazy.
View OriginalReply0
MEVictimvip
· 11-30 02:15
99% of projects don't even have a complete White Paper, yet they still dare to make the list, it's laughable. Really, before investing in unknown coins, make sure to review the code, or you'll definitely be a dumb buyer. The rug pull trick is old and tired, yet there are always people falling for it, and they still have to pay the price themselves.
View OriginalReply0
ColdWalletGuardianvip
· 11-29 21:15
99% of projects don't even have a White Paper, don't ask me how I know, it's a bloody history --- Another newcomer wants to buy the dip on obscure coins? First check if there's a contract audit, then talk about the team's authenticity --- I've seen too many Rug Pulls, I could perform the mid-term pump routine with my eyes closed --- If you don't understand something, don't touch it, that's a bloody lesson --- Not checking the contract code, and the community is full of Bots, you still think you can make money? Dream on --- The common characteristic of dumb buyers is that they're too lazy to do their homework, they should wake up --- A low threshold just means there are more garbage projects, is that really hard to understand? --- Investigating the team's background can filter out 80% of the eyewash --- Before a pool is pulled for a Rug Pull, they always draw a big pie, it's an old trick --- The projects you know and those you don't know have vastly different outcomes.
View OriginalReply0
SybilSlayervip
· 11-27 13:57
A low threshold means more garbage, and that's not news anymore. The real question is how many people will actually check the audit reports? There have been too many bloody lessons, and every time someone asks me why I didn't help him earlier. What can I say? If you don't do your homework, no one can save you.
View OriginalReply0
MevWhisperervip
· 11-27 13:56
99% of projects are indeed trash, but that 1% can make you rich. The question is, can you find it?
View OriginalReply0
AirdropHuntressvip
· 11-27 13:54
99% of project White Papers are nonsense; the key is whether the contract code has been audited and what can be uncovered about the team's background. Historical data shows that doing your homework can really help you avoid half of the pitfalls.
View OriginalReply0
GateUser-0717ab66vip
· 11-27 13:52
99% of projects have incomplete White Papers, I just want to know what confidence is there to invest --- I've seen plenty of rug pulls, now when I see contracts that haven't been audited, I just take the opposite position and leave --- Doing my homework has really saved me a lot of money, don't ask me how I know --- The funniest thing is that some people go all in without even looking at the code, they deserve to catch a falling knife --- Openness is indeed a double-edged sword, but most people are holding the blunt side --- I can recognize communities with Bots spamming even with my eyes closed, it's too obvious --- Things I don't understand are just ATMs, this statement hits hard
View OriginalReply0
Rugman_Walkingvip
· 11-27 13:52
99% of projects don't even want to write a whitepaper, this is really the spirit of internet entrepreneurship. --- Every time I see a new project, I want to go all in, and then I end up being that ATM, a painful lesson. --- Audit? Team background? Community discussion? Dude, you dare to rush in with all three completely missing? --- I've seen pools doing a Rug Pull, but just look at those projects still bragging, it's really interesting. --- That hits the nail on the head, reminds me of a project I participated in. --- You're right, but I will still buy, after all, I can't afford to lose.
View OriginalReply0
SelfStakingvip
· 11-27 13:45
Really, 99% of projects don't even have a White Paper, I just laugh. --- Once the pool is drained, people just disappear, I've seen it too many times. --- Still need to look at code audits, otherwise it's just catch a falling knife material. --- Doing homework really saves lives, I don't want to become someone else's ATM. --- Put unfamiliar projects aside, the risk is too high. --- I directly block those communities full of Bots, they look fake at first glance. --- Rug Pull tricks are just a few moves played over and over, yet some people still fall for it. --- If you don't understand, don't rush in, this sentence is for all newbies.
View OriginalReply0
View More
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)