₦airaland Forum

Innoxxacs:
you t..r.ade fut..ur..res too?

Innoxxacs:
Yeah I do have 1 both on Telegram and WhatsApp (both free) where I share my calls

nwele2017:
Hello everyone it's been here.
Today I will sharing with you all things to look out for before investing in newly minted coin

There is a lot number of tokens being released every day, lot of them land up on poocoin ape. However, over time, many of them get rugpulled or dumped, even after promising all the safety in their marketing posts or websites. For early investors, it is absolutely critical to do their own research before investing. And yet do it quickly, after all you do want to be an early investor.

Strategy: Here are the six key metrics, which I have successfully used in the past to evaluate freshly minted tokens:

1 Token Ownership: Whether there is an owner with special privileges over the token or it has been renounced by assigning contract ownership to a burn address. Keep in mind while renouncing ownership is a good practice, token developers (devs) can still hardcode privileges into their token contract.
2. Token Burn: The percentage reduction in available token supply by transfer to a burn address (typically 0x00..0 or 0x00..dead addresses which have no keys and cannot swap tokens). When devs burn tokens, they reduce their share and minimize the likelihood of a dump. The important thing though is to pay attention to the remaining supply (which is the new 100% or total "tradable" supply) and ensure that a substantial chunk has been added to the liquidity pools (covered in later metric on Liquidity Pool Token allocation)
3. Liquidity Pool Value: The value of liquidity pools (LP) in USD. It is an important metric for a newly released coin. To facilitate trading over an exchange like PancakeSwap, devs have to create a liquidity pool (LP). Since LPs are created by pooling in BNB or other tokens of value, it represents an investment and commitment from the devs. A 100K worth of BNB thrown in to create an LP pool is a good sign. However high LP value alone is not enough, and it is also important to consider LP token allocation and lock time (coming up next).
4.Liquidity Pool Token allocation: The percentage of "tradable" token supply allocated to the liquidity pools. This is easily the most overlooked metric for a new token. After releasing a token, devs own the entire supply. They might burn some, airdrop or presale few. However, they would typically still own most of the "tradable" supply. To improve optics, they may distribute it over multiple wallets with no whale visible in holders list. If a high percentage of "tradable" token supply is allocated to LPs (which should be locked btw, more on that later), devs share is reduced and they cannot benefit from dumping their share. Otherwise, only with a small appreciation in the token price, they can benefit by dumping their share. For an intuitive idea, if devs own 90% "tradable" supply of a token, and have created a high value LP with 10% tokens, when devs dump all their share they will get back 90% (actually more than that) of their LP investments even if no one else ever traded their tokens. And when they manage to get few people to buy and increase the token prices, devs can make hefty profits even with locked LP. For newly released tokens, LP Token allocation percentage should be as high as possible, yes 100% is ideal but a 20ish % number is generally good indicator.
5. Locked Liquidity: The percentage of liquidity locked today so that devs cannot withdraw the liquidity (the famous rugpull which probably needs no further elaboration). Devs would renounce their right to withdraw liquidity by locking their LP tokens in a timed locker. Generally well known third party lockers like DxSale or Cryptex inspire the confidence rather than a custom locker contract.
6. Locked Liquidity Time: The percentage of liquidity locked, one year from now. This is arguably the most important insight. Devs might have locked liquidity for few months, which means they will just need to wait it out, before they can rugpull.

You do not need to be green on all these metrics, but these are some good indicators to vet out new projects.
Be sure to do your own diligence. Assume that every new project you see is a scam/rug/honeypot until proven otherwise. Use tools such as http://www.bscheck.eu/ and https://tokensniffer.com to help you determine if this project is legitimate, but do not solely rely on these tools.
I also have a bot that checks some these things.

You can join my WhatsApp group where I do make calls of coins that goes 100x on a daily basis.
https:///GLadUuGIwOrEzvsKYnu7Kh

elmoduddah:
Newbies please be careful. Don’t lose money to scammers. Read and do research if at all you feel the need to part with your money to anyone. Not even advisable. You can do all of these yourself. Stay safe anyway

nnadychuks:
I’m in my early 20s but I believe say I get sense pass some ppl even in their late 30s. Age is just a number. Can you imagine what someone is typing, just cos they’re privileged to access the internet? What’s wrong with my post? Is it offensive? Did I spam? Did I use hate speech? What’s biting you now? Abeg oo. I didn’t want to reply you cos teenagers in jss1 now have smartphones, so not every quotes or replies should be treated with importance. Just ignore or at least talk nicely to strangers.
Nairaland is now a home for ill mouthed individuals with poor home training...

Insinuation:
Do yo.u have what.sspp or te.leg.ram g.roup chat where you drop updates?

DenreleDave:
U dey craze...... Share to ur people first and stop disturbing me abeg

Heavenonearth21:
�� Solite Aidrop��

➡️2,500,000 SLT

Site Link :
https://solite.me?address=0x4D5c435D9d51cac59a211302DE363139C85426C4

�o To Trust Wallet
�Open Dapps
�Copy The Site Link And Past Trust Wallet Dapps
�Select smart chain Network

✅ Click Claim

Contract Address:
0xD961C12B64644fAa25C0fF4964b4A22Eb556C9Ba
NETWORK - SMART CHAIN

TOKEN NAME - Solite

SYMBOL - SLT

DECIMAL - 0

⭐ Website : https://solite.me
Twitter : https://twitter.com/SoliteToken/
Telegram : https:///Solitetoken
Announcement : https:///Solite_token
Airdrop : https://solite.me?address=0x4D5c435D9d51cac59a211302DE363139C85426C4

Thyes:
They decide their price not binance
I see no reason why they'd decide to sell at a price that suits them and still add additional price,for what?

Most of them use kuda bank that gives 55 free transfers per month and binance doesn't charge for p2p transaction

Are you one of them

Midazman:
Pls drop the whatsapp group link

thanks

SteveOfu:
Please everyone should be careful of the person by the name Oshingbade Tosin on this group

He's a scammer . He acts with another person (Escrow Admin). He scammed a friend of 200k yesterday and he's on this thread

The Escrow Admin, account name goes by the name DAJUMAH MUSA UBA BANK

To be safe, do not transact with him and the escrow admin

nwele2017:
Hello everyone it's been here.
Today I will sharing with you all things to look out for before investing in newly minted coin

There is a lot number of tokens being released every day, lot of them land up on poocoin ape. However, over time, many of them get rugpulled or dumped, even after promising all the safety in their marketing posts or websites. For early investors, it is absolutely critical to do their own research before investing. And yet do it quickly, after all you do want to be an early investor.

Strategy: Here are the six key metrics, which I have successfully used in the past to evaluate freshly minted tokens:

1 Token Ownership: Whether there is an owner with special privileges over the token or it has been renounced by assigning contract ownership to a burn address. Keep in mind while renouncing ownership is a good practice, token developers (devs) can still hardcode privileges into their token contract.
2. Token Burn: The percentage reduction in available token supply by transfer to a burn address (typically 0x00..0 or 0x00..dead addresses which have no keys and cannot swap tokens). When devs burn tokens, they reduce their share and minimize the likelihood of a dump. The important thing though is to pay attention to the remaining supply (which is the new 100% or total "tradable" supply) and ensure that a substantial chunk has been added to the liquidity pools (covered in later metric on Liquidity Pool Token allocation)
3. Liquidity Pool Value: The value of liquidity pools (LP) in USD. It is an important metric for a newly released coin. To facilitate trading over an exchange like PancakeSwap, devs have to create a liquidity pool (LP). Since LPs are created by pooling in BNB or other tokens of value, it represents an investment and commitment from the devs. A 100K worth of BNB thrown in to create an LP pool is a good sign. However high LP value alone is not enough, and it is also important to consider LP token allocation and lock time (coming up next).
4.Liquidity Pool Token allocation: The percentage of "tradable" token supply allocated to the liquidity pools. This is easily the most overlooked metric for a new token. After releasing a token, devs own the entire supply. They might burn some, airdrop or presale few. However, they would typically still own most of the "tradable" supply. To improve optics, they may distribute it over multiple wallets with no whale visible in holders list. If a high percentage of "tradable" token supply is allocated to LPs (which should be locked btw, more on that later), devs share is reduced and they cannot benefit from dumping their share. Otherwise, only with a small appreciation in the token price, they can benefit by dumping their share. For an intuitive idea, if devs own 90% "tradable" supply of a token, and have created a high value LP with 10% tokens, when devs dump all their share they will get back 90% (actually more than that) of their LP investments even if no one else ever traded their tokens. And when they manage to get few people to buy and increase the token prices, devs can make hefty profits even with locked LP. For newly released tokens, LP Token allocation percentage should be as high as possible, yes 100% is ideal but a 20ish % number is generally good indicator.
5. Locked Liquidity: The percentage of liquidity locked today so that devs cannot withdraw the liquidity (the famous rugpull which probably needs no further elaboration). Devs would renounce their right to withdraw liquidity by locking their LP tokens in a timed locker. Generally well known third party lockers like DxSale or Cryptex inspire the confidence rather than a custom locker contract.
6. Locked Liquidity Time: The percentage of liquidity locked, one year from now. This is arguably the most important insight. Devs might have locked liquidity for few months, which means they will just need to wait it out, before they can rugpull.

You do not need to be green on all these metrics, but these are some good indicators to vet out new projects.
Be sure to do your own diligence. Assume that every new project you see is a scam/rug/honeypot until proven otherwise. Use tools such as http://www.bscheck.eu/ and https://tokensniffer.com to help you determine if this project is legitimate, but do not solely rely on these tools.
I also have a bot that checks some these things.

You can join my WhatsApp group where I do make calls of coins that goes 100x on a daily basis.
https:///GLadUuGIwOrEzvsKYnu7Kh


Link not working. Add me. My number on my siggy

SteveOfu:
Please everyone should be careful of the person by the name Oshingbade Tosin on this group

He's a scammer . He acts with another person (Escrow Admin). He scammed a friend of 200k yesterday and he's on this thread

The Escrow Admin, account name goes by the name DAJUMAH MUSA UBA BANK

To be safe, do not transact with him and the escrow admin

afroxyz:
I'm not one of them. But you can either adjust or keep complaining. Its just like saying why Aboki is not selling dollar at official rate

nnadychuks:
thanks for your quotes. You didn’t say anything tho, just catching vibes I guess... in short, just pass. Don’t reply me again pls.

afroxyz:
I'm not one of them. But you can either adjust or keep complaining. Its just like saying why Aboki is not selling dollar at official rate

Ronin1:
There's a third option actually. Appeal for the rest of your money. They'll either pay up or call to beg you to cancel the appeal cos there's no way they're winning. Why put yourself in that position at all?

SteveOfu:
Please everyone should be careful of the person by the name Oshingbade Tosin on this group

He's a scammer . He acts with another person (Escrow Admin). He scammed a friend of 200k yesterday and he's on this thread

The Escrow Admin, account name goes by the name DAJUMAH MUSA UBA BANK

To be safe, do not transact with him and the escrow admin

mfonox:
He’s right on this one. Since the seller determines whatever price they want in the first place, why not add ur N100 or whatever charges u want to ur price instead of asking for extra. Nigerians can overdo. It’s assumed u are already in profit before deciding to sell. Why being extra greedy?

Kellyemmss:
Hahaha

bigx:
As at right now, apart from my old BTC I don't touch, 80% of my trading account is in fiat (usdt, usdc, gbp - mostly gbp I buy whenever it goes below 1.4, $ is devaluing), of the remaining 20% in coins, 90% is in majors.

I'd be accumulating majors till further notice whenever I see a dip.

I've cleared out all leverage too.

Worst case we have to hold for months, best case in a few weeks we are back to green but either way what I'm holding would lead the recovery

Neverlosemoney:
I won't advise people to touch shītcoin with a pole . Aside from Majors, mostly the 1st and 2nd movers, they are durable and I am certainly sure they will still be around 5years now. They are the only one's that are capable of rising out of the bad situation they have fallen into and even surpassing their All Time High.

Kellyemmss:
Hahaha

Kellyemmss:
Hahaha

Innoxxacs:
you t..r.ade fut..ur..res too?