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Writer's pictureThe Real Sauce Media Llc

Rug Pulls... What Are They and How Do you spot Them.

Updated: Jun 8, 2021

We all want to be able to feel safe while we are investing our monetary supplements correct?


Before we tell you what IM here to do I want you to understand what a Rug Pull is.


A Rug Pull is an operation that is blanketed to look like something absolutely great, they build up a bunch of hype get a bunch of people to buy into the presale, they then abandon the project sell their share of coins or tokens and leave the investors high and dry stuck with coins they can’t sell.


One of the easiest ways to spot a rug pull is when they overhype the price and project before they even have a roadmap or even a legitimate plan on paper for people to read about what it is their project is intended for, along with lack of communications from the team, another easy way is to study the contracts and addresses of the wallets buying the largest amounts and where they are sending it to, if it’s only 1 wallet that holds the bigger majority of the coin and it’s not a locked LP wallet chances are it could be a Rug.


Also lately the old school pyramid scheme has made its way to the blockchain and cryptocurrency scene and it has been hitting hard in 2021, now this isn’t anything extremely new but the amount of schemes that have taken place this year is alarming.


Here at The Real Sauce Media we will do everything to provide you with the information about projects that are not exactly the ones you should invest in and much rather avoid.


I'm not here to spread FUD which in layman’s terms that’s spread misinformation and or creating fake information, every project I speak on and or put on the wall of shame as I will call it will have extensive research done including the back story on each project, what their intentions of the project we’re before they really rug pulled along with Transaction hash data for you to view and much more.


I really look forward to providing this service with no cost whatsoever to anybody, I’m working on building and designing a Google play app that will also share data and more than the website.


Donations are accepted if anybody is willing to donate to help keeping the site and app operational but I will not ever ask anybody for anything

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