SRX

Denver-Ski

https://youtu.be/0yrIvEgqAuo?si=RW2iqya2SRX-_NmG

Single-Incident5066

4,000 SRX at $4 to stake - total cost $16,000. Staking rewards of 750 tokens/month. Currently SRX at $0.087 makes my initial $16k worth $323. Price peaked for a few days after I bought in (thought I was a genius) and by the time my first monthly rewards came in had dropped 75%. Good times.

HGJustTheTip

So its possible for a team to be anonymous and not be shady or ready to pull the rug, but I would argue that this is never going to be OK and you should always avoid projects with anonymous dev teams. Just look at every rug pull and exit scam and notice a common factor, the team is anonymous. I wrote an article about it and here are some highlights copied below. [https://medium.com/cardano-journal/alliteration-aside-an-argument-against-anonymous-dapp-developers-4ae2c428d4f0](https://medium.com/cardano-journal/alliteration-aside-an-argument-against-anonymous-dapp-developers-4ae2c428d4f0) ​ 1. DeFi100 ($32 Million) - Developers exit scammed investors for about 32 million USD in May 2021 per Coindesk. After the theft, dev team left this message on website, “WE SCAMMED YOU GUYS AND YOU CANT DO SHIT ABOUT IT. HA HA. All you moon bois have been scammed and you cant do shit about it – DEVSIN Anonymous Team – Yes Blockchain – Binance Smart Chain Type – Rug Pull 2. SQUID ($3.38 Million) – Dev team promised that token would be used in a game they were developing. Investors who purchased tokens were not able to sell. Eventually dev team performed rug pull in November 2021 Anonymous Team - Yes Blockchain – Binance Smart Chain Type – Rug Pull 3. Compounder Finance ($10.8 Million) – Developers swapped out audited contract for malicious contract and rug pulled 10.8M USD per Coindesk. December 2020 Anonymous Team – Yes Blockchain – Ethereum Type – Rug Pull 4. AnubisDAO ($60 million) – Launched October 28th 2021. Investors poured in about 60M USD and the Dev team exit scammed within days. Anonymous Team – Yes Blockchain – Ethereum Type – Exit Scam 5. TurtleDEX ($2.4 Million) – Claimed to be a decentralized storage platform for users which could, “keep data and preserve files without needing to keep them on their computer.” Performed exit scam in March 2021 for 2.4 Million USD. Anonymous Team – Yes Blockchain – Binance Smart Chain Type – Exit Scam 6. Emerald Mine ($2.5 Million) - USD. A cryptocurrency where users are able to generate its token through the process of mining. Performed an exit scam for 2.5 Million USD in September 2020 Anonymous Team – Yes Blockchain - EOS Type- Exit Scam 7. Yfdexf.Finance ($20 Million USD) Liquidity Mining pool DeFi project performed rug pull for 20 Million USD in September 2020. The dev team promoted their project on twitter and discord which has been deemed “vaporware” by some and left the market with millions in funds that were locked in their smart contracts. Anonymous Team - Yes Blockchain – Ethereum? Couldn’t find a source listing the chain Type – Rug Pull 8. SharkTron ($10 Million USD) – November 2020, Dev team exit scammed with 10 Million dollars USD. According to fxstreet, SharkTron is a DeFi-project based on the Tron blockchain. It was launched by an anonymous developer known under the nickname Daniel Wood. According to the official press release, published by Bitcoin.com, “the project was focused on creating a completely autonomous platform with the gradual transition to self-governance by the community members. The developer invited TRX users to stake their coins in the exchange SHARK (SRX), the native tokens of the platform.” Anonymous Team - Yes Blockchain - Tron Type – Exit Scam

HGJustTheTip

I actually recently wrote an article about the biggest rug pulls in 2020 and 2021. I have copied a summary of them below. You know what these all have in common? The dev teams are anonymous and will never face any repercussions. If anyone would like to read the article, here is a link. [https://medium.com/@scatdao/alliteration-aside-an-argument-against-anonymous-dapp-developers-4ae2c428d4f0](https://medium.com/@scatdao/alliteration-aside-an-argument-against-anonymous-dapp-developers-4ae2c428d4f0) ​ 1. DeFi100 ($32 Million) - Developers exit scammed investors for about 32 million USD in May 2021 per Coindesk. After the theft, dev team left this message on website, “WE SCAMMED YOU GUYS AND YOU CANT DO SHIT ABOUT IT. HA HA. All you moon bois have been scammed and you cant do shit about it – DEVSIN Anonymous Team – Yes Blockchain – Binance Smart Chain Type – Rug Pull 2. SQUID ($3.38 Million) – Dev team promised that token would be used in a game they were developing. Investors who purchased tokens were not able to sell. Eventually dev team performed rug pull in November 2021 Anonymous Team - Yes Blockchain – Binance Smart Chain Type – Rug Pull 3. Compounder Finance ($10.8 Million) – Developers swapped out audited contract for malicious contract and rug pulled 10.8M USD per Coindesk. December 2020 Anonymous Team – Yes Blockchain – Ethereum Type – Rug Pull 4. AnubisDAO ($60 million) – Launched October 28th 2021. Investors poured in about 60M USD and the Dev team exit scammed within days. Anonymous Team – Yes Blockchain – Ethereum Type – Exit Scam 5. TurtleDEX ($2.4 Million) – Claimed to be a decentralized storage platform for users which could, “keep data and preserve files without needing to keep them on their computer.” Performed exit scam in March 2021 for 2.4 Million USD. Anonymous Team – Yes Blockchain – Binance Smart Chain Type – Exit Scam 6. Emerald Mine ($2.5 Million) - USD. A cryptocurrency where users are able to generate its token through the process of mining. Performed an exit scam for 2.5 Million USD in September 2020 Anonymous Team – Yes Blockchain - EOS Type- Exit Scam 7. Yfdexf.Finance ($20 Million USD) Liquidity Mining pool DeFi project performed rug pull for 20 Million USD in September 2020. The dev team promoted their project on twitter and discord which has been deemed “vaporware” by some and left the market with millions in funds that were locked in their smart contracts. Anonymous Team - Yes Blockchain – Ethereum? Couldn’t find a source listing the chain Type – Rug Pull 8. SharkTron ($10 Million USD) – November 2020, Dev team exit scammed with 10 Million dollars USD. According to fxstreet, SharkTron is a DeFi-project based on the Tron blockchain. It was launched by an anonymous developer known under the nickname Daniel Wood. According to the official press release, published by Bitcoin.com, “the project was focused on creating a completely autonomous platform with the gradual transition to self-governance by the community members. The developer invited TRX users to stake their coins in the exchange SHARK (SRX), the native tokens of the platform.” Anonymous Team - Yes Blockchain - Tron Type – Exit Scam