RUGBIDEN Post Mortem
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Welcome $RUGBIDEN Holders (New GRAVE offering for RUGBIDEN)
New Grave Offering for $RUGBIDEN
RugZombie is all about restoring value to victims of rug pulls, scams and hacks. While we regret to see anyone hacked, rugged or otherwise negatively impacted, we are glad to offer a new grave for $RUGBIDEN holders.
What Happened?
RUGBIDEN was a token employed on BSC focused upon the news of the Biden Administration’s taxation plan related to cryptocurrency holdings. It capitalized on the news in the spring of 2021 and launched with low liquidity and a somewhat large community for a new project.
The developers quickly soft-rugged the project by selling all their tokens when it was clear this project wouldn’t go any higher.
At this point, RugZombie has declared this project a rug pull, as confirmed by the current community mod who tried to take over and restore the project. It became clear this was not a tenable solution.
How Is RugZombie helping?
We reached out to the RUGBIDEN mod and were able to get a pinned message for RUGBIDEN holders so they could come join us if they so desired. We want to say thank you to the mod who was responsive to our requests.
Current holders of $RUGBIDEN will be able to deposit at least one of their $RUGBIDEN tokens in our custom GRAVE to earn a unique NFT available for $RUGBIDEN holders only.
The process is the same as every other GRAVE on our platform:
Unlock the grave
Stake a required minimum of ZMBE
Deposit 1 RUGBIDEN for verification
Mint/Harvest your NFT when the timer has completed
Additional Questions
Is RUGBIDEN partnered with RugZombie?
To be clear, RUGBIDEN is not a partner of RugZombie. One of the developers of our team (EZ) was able to contact the main chat mod of RUGBIDEN for their telegram channel. He was very forthcoming that the project was definitely a rug pull and was dead. It wasn’t coming back.
When will the $RUGBIDEN GRAVE be launched?
RUGBIDEN will NOT be included in our first set of GRAVE offerings but will come in our second wave. Be sure to check out socials for when we launch this GRAVE.
Do I have to?
Obviously not. RugZombie’s effort is completely optional to $RUGBIDEN holders. Do your own research, and do not consider anything we offer as financial advice. Part of the reason there are so many rug pulls and hacks in defi is the majority of users are not properly educated on the risks, or have overextended their position in the market to the point where the scams and hacks really affect them.
Stay tuned for more details regarding this upcoming GRAVE. Zombie On!
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.
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.
