I am totally new to alt coins - trying to learn something new. I tried searching for this info and c as me up dry.
I was looking into a very new altcoin (will not name as I do not want to shill) and the white paper talked about a liquidity date named in the future. I am guessing this is when the Devs are allowed to start selling their bags?
They did a pre-sale and earned 10x their intended 10 BNB. How does this work? How do you find out about pre-sales and what is the advantage?
They are holding a huge amount of the coin (>95%) in a main account, being very transparent about it.
10.0.0.0.1 192.168.1.254 They are using this to make social/community contributions. Is it normal to have the Devs holding such huge bags?
There are no humans listed on the site as the project team. Should this be a major concern?
Thanks!!
I stopped investing in projects where the devs or VC hold the majority of the supply and dump on investors to fund the project and give themselves profit. I only invest in fairly mineable projects with no pre-mine or dev wallet like RVN and 0xMR. That way I know I can't be rug-pulled and exit scams aren't possible.