Seeing a project team pre-sell 5 million tokens for cashing out, this kind of scheme is really common. To be honest, for those projects that require long-term staking to earn rewards, I can now predict the subsequent plot—investors focus on the yield, while the project team only thinks about how to quickly withdraw and exit. No matter how tempting the interest is, it's useless because others don't really care about that small return. From my observation, projects that emphasize staking mechanisms almost always end up with zero. Instead of waiting for returns, it's better to cut losses in time. That's why you need to be especially cautious when dealing with staking projects—one painful lesson is enough.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
12 Likes
Reward
12
4
Repost
Share
Comment
0/400
Layer2Observer
· 10h ago
5 million tokens directly dumped, technically this is a classic liquidity trap design. An interesting discovery is that projects with higher early staking yields tend to be riskier.
From a source code perspective, those forced lock-up mechanisms are essentially meant to freeze trading depth, making it easier for the project team to sell off in batches.
This tactic is indeed common, but I think it's important to distinguish scenarios—some are genuine rug pulls, while others are due to the team's lack of capability; the logic behind them is completely different.
Zeroing out is indeed highly probable, but not absolute; occasionally, some projects do survive.
Rather than waiting for returns, it's better to look at token flow data—those are much more honest than whitepapers.
View OriginalReply0
zkProofInThePudding
· 10h ago
Here we go again with this? As soon as 5 million tokens are shipped out, you'll know what's going on.
Still dare to touch staking projects? Your brain must be really tough.
I've seen too many of these before; the project team runs off just around the corner waiting for you.
View OriginalReply0
SolidityJester
· 10h ago
It's the same old trick again, don't touch any staking projects.
Waiting for returns is better off just running away quickly.
People who lose money this time are probably in for a tough time; long-term staking is just a trap.
The project team has long planned this out, and we're only realizing it now.
5 million is probably just the tip of the iceberg; there's more to come.
I really don't understand how anyone still dares to get involved in these kinds of projects.
Cutting losses is the way to go; don't expect any high interest rates.
View OriginalReply0
ChainPoet
· 10h ago
It's the same old trick again. Staking projects are basically a game of timing; the project team has already run away, and we're still calculating the returns.
Seeing a project team pre-sell 5 million tokens for cashing out, this kind of scheme is really common. To be honest, for those projects that require long-term staking to earn rewards, I can now predict the subsequent plot—investors focus on the yield, while the project team only thinks about how to quickly withdraw and exit. No matter how tempting the interest is, it's useless because others don't really care about that small return. From my observation, projects that emphasize staking mechanisms almost always end up with zero. Instead of waiting for returns, it's better to cut losses in time. That's why you need to be especially cautious when dealing with staking projects—one painful lesson is enough.