From my research I found out that Solana is referred to as high-speed blockchain network, but recently, from my experience it has been for entirely different reason, the network has being at the heart of an unprecedented meme coin frenzy.
Several meme coin projects I bought on Solana has rugged me my hard earn money and a lot of projects are succumbing to rug investors and crypto lovers.
Yet Solana Blockchain network is paying insipid attention to it or no process of verifying a real project before launch. They give room for every one to launch on their network where by bringing fake or scam projects onboard. And I begin to think otherwise, if they really don't know about all this scam projects.
I stand to be edify as I'll be looking out for your opinion in this thought.!
Did you mean rug pull? Well, this is not uncommon in the crypto world, it is you who will be careful about that. We've always said it, DYOR well and stop blaming others even as you know and admit that you are taking risks in the crypto world. If this allegation is very true, is it the Solana system that can be blamed for this? Certainly not, many issues arise in this sense. Mind you, for a project to fail doesn't necessarily mean that the brains behind it expected it that way or they are scammers in all cases, something may go wrong out of their plans. So you can't entirely blame the system, the system is only a third party here. What if they've done their internal work before passing them for the project and it still fails?
Also, don't you know that cryptocurrency is mostly known for its privacy, so why do you want the Solana ecosystem to be poking nose in another person's affairs if such doesn't want himself to be revealed? The cryptocurrency world is not a centralised world, so you should blame less. To reveal yourself in any crypto project is by choice which I do not think Solana has power over. Needless to say, you should have named the failed meme projects, I mean the recent ones, because those ones I know are doing fine in the market.