Post #871: Risky Investments
Cryptocurrency can be a very risky investment. That’s a fact. It is essential to understand that some cryptocurrencies are risky and other cryptocurrencies are well-crafted schemes designed to defraud investors. The key to surviving in the cryptosphere is to avoid the latter entirely.
The contract must be renounced.
If a cryptocurrency start-up project gives the coin/token founders total control over the cryptocurrency’s contract and funds, it is almost 100% guaranteed that the project is going to defraud its investors.
Often project developers will tell investors that it is necessary that the contract be unlocked so that innovation can happen. This is not true. It is entirely possible to build a safe cryptocurrency that is secure. After that original token is completed, it can be used as a currency in other contracts in the name of innovation.
The only reason developer teams want access to the contract and the Lp is so that they can spend those funds as they deem necessary.
Therefore, if a project has a developer team wants access to the contract and the Lp and they cite innovation as the reason it is best to give them access to these vulnerable areas, do not invest in their project. You are going to be defrauded.
Raider Token was designed to be safe. The contract has been renounced and disowned. Nobody can modify it. The Lp was also locked until the year 2102. That’s next century!
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