Post Mortem Report on Defi100
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Let’s all take a moment of silence to remember those fallen by this most notorious of rugs.
How Defi100 started?
Launched in Spring of 2021, D100 was intended to be a rebasing token. Essentially, the claim was that D100 would allow the value of the token in users’ wallets to remain to be dynamically pegged to the price of the entire DeFi sector. If you were holding D100, the promise was that as the market cap of the defi sector overall grew, so would the value of your token.
Reports began to circulate about an exit scam from the developers as soon as the following messages posted on their main webpage:
Since this message, the website has been restored with a message that they were “hacked”. This is an unsurprising development, and other scammed projects have employed similar tactics after their developers rugged their initial investors. The telegram chat has devolved into endless shilling of other coins, which shows no real concern for the community or the integrity of their image and platform.
This project has been declared RUGGED by the RugZombie team.
What is RugZombie doing?
Any current holders of Defi100’s token (D100) will be able to stake in our D100 GRAVE by the following process:
- Stake ANY amount of ZMBE (there is a deposit fee on all GRAVES)
- Deposit a single D100 token for verification
- Earn a yield emitted in ZMBE. (this yield is calculated solely on the price of RugZombie’s token, NOT based upon Defi100)
- After 30 days of continuous staking, you will be able to mint and claim your custom NFT
We understand that our NFTs are rare, and not everyone will be able to participate in this grave, as not everyone holds the scammed token.We do not recommend buying known scammed tokens, this is highly risky and may result in financial lost and even rewarding the scammers. Tread cautiously. You can always wait for our secondary market to buy these NFTs from others.
See more about RugZombie in our other posts on Publish0x or Medium:
The information shared in these docs, our roadmap, our lite paper and white paper, and social channels such as this blog, is not financial advice and should not be misconstrued as such. The primary purpose of these documents is to provide potential token holders with pertinent information in order for them to thoroughly analyze the project and make an informed decision. Engaging in cryptocurrency projects involves substantial risk and it is strongly advised that you consult with a financial professional prior to your participation. These documents do not constitute a prospectus or offer document of any sort and is not intended to constitute an offer of securities or a solicitation for investment in securities in any jurisdiction. Neither RugZombie nor any of its contributors or creators shall be held liable or responsible for any errors or omissions concerning this project or for any damage you may suffer from your participation or as a result of failing to seek competent financial advice from a financial professional. This white paper is not in any way intended to create or put into implicit effect any elements of a contractual relationship.
Originally published at https://www.publish0x.com.