Tips for Launching a Token Without Getting Rekt

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ryan100Member
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#1May 15, 2024, 07:58 AM
A lot of token launches flop or end up being rugs. It’s not always about malicious intent, sometimes it’s just poor planning. Here’s a quick checklist from a developer’s point of view: 1. Clear Contract - Make sure your smart contract is verified. - Steer clear of hidden mint functions. 2. Locking Liquidity - Always lock liquidity pools. - Set clear timelines for when they unlock. 3. Control Ownership - Either renounce ownership or go for multisig. - Don’t let one person have all the power. 4. Presale Setup - Find a balance between hard cap and soft cap. - Avoid setting unrealistic tokenomics. 5. Get an Audit (even a basic one) - At least do an internal review. - Automated tools won’t cut it alone. 6. Keep Communication Open - Be straightforward. - Don’t create false hype. Most rugs can be seen coming. People just tend to overlook the warning signs. We’re developing tools to tackle these issues at: blockthird (This is open-source and focused on builders.)
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