What does “Rug Pull” mean? Don’t panic—your class rep is here:
A “honeypot” refers to a contract with restrictions built in, allowing you to buy but not sell, or charging an extremely high tax when you sell.
Locking or burning LP tokens and renouncing contract ownership can only rule out some of the ways the deployer might tamper with the contract; they can’t stop early holders from dumping their tokens on the secondary market.
The first page of my study notes says: Understand it before you place an order.
$PEPE 0.0₅407（+4.36%）
#PEPE
A “honeypot” refers to a contract with restrictions built in, allowing you to buy but not sell, or charging an extremely high tax when you sell.
Locking or burning LP tokens and renouncing contract ownership can only rule out some of the ways the deployer might tamper with the contract; they can’t stop early holders from dumping their tokens on the secondary market.
The first page of my study notes says: Understand it before you place an order.
$PEPE 0.0₅407（+4.36%）
#PEPE