In the fast-paced world of cryptocurrency, SameRugshas emerged as a vigilant protector against one of the most common scams – the rug pull. By offering in-depth blockchain analysis, SameRugs helps users to make informed decisions by exposing potential scams before they can cause harm.
The SameRugs team, demonstrating their unwavering commitment to ethical standards, has locked 8% of their development tokens until 2050, as a clear statement of their staunch opposition to rug pulls.
Made the coin & locked my supply til 2050 to say fuck u to devs who rug, thought it’d end there as joke, but to actually try to help the comm.
i created an account (@SameRugs) to catch rugs + building a site to track scammer dev wallets & wallets with scammer funding
When a user inputs a Contract Address (CA) into SameRugs‘ system, they unlock a suite of analytical tools to aid users to avoid rugs:
Website Analysis:
Website Builder: Identifies if the site was created with generic tools, which might hint at a lack of serious development.
Domain Age: A younger domain might be a red flag, suggesting a project that hasn’t stood the test of time. SameRugs considers this in its risk assessment.
Registrar: Knowing where the domain was registered can offer insights into the project’s background.
Name Servers: Seeing which servers host the site can indicate the project’s commitment to security or performance.
Organization: Anonymity or lack of organization details can be worrisome.
Expiration Date: A distant expiration can suggest intent to stay but isn’t a definitive sign of legitimacy.
On-Chain Analysis:
# of Same Named Tokens: Alerts users to duplicate tokens, a common rug pull sign where developers launch multiple similar projects to scam investors.
# of Connected Confirmed Rugs: This feature, although upcoming, will link projects to known rug pulls, providing a direct measure of risk.
# of Connected Wallets: Indicates how many wallets are associated with the project, which can show activity or lack thereof.
# of Connected Tokens: Reveals the project’s involvement with other tokens, possibly indicating a scam network.
Clustered Tokens: Groups related tokens, helping to uncover if a project is part of a larger scam operation or genuinely interconnected with others.
Submitting a Rug with SameRugs
SameRugs has also introduced a user-friendly feature that allows the community to actively participate in identifying potential rug pulls. This empowers users by giving them a platform to report suspicious projects, enhancing the collective safety of the crypto investment environment. Here’s how you can contribute:
Access the Submission Page: Navigate to the “Submit Rug” section on the SameRugs platform, which is designed to be straightforward and accessible for all users.
Enter the Token Address: In the provided field, input the Token Address of the project you suspect might be a rug pull.
Submit the Report: Once you’ve entered the Token Address, simply click on the “Submit Rug” button. This action sends the token to SameRugs’ database where it will be reviewed for signs of fraudulent activity.
By submitting potential rug pulls, users play an integral role in the ecosystem’s security. Each submission is stored in the SameRugs database, which not only helps in real-time alerts to the community but also contributes to the ongoing development of SameRugs’ scam detection algorithms.
Upcoming Features and Integration
Telegram and Discord Bots: SameRugs is set to introduce bots for these platforms.
Further Features: Developer Sharp is working on additional enhancements to improve scam detection and user experience.
Conclusion
SameRugs stands at the forefront of protecting crypto investors from rug pulls. With its detailed analysis and the promise of new bot features, it’s an essential tool for anyone looking to safeguard their investments. By understanding and using SameRugs effectively, you can navigate the crypto market with an added layer of security, making informed decisions in a landscape where trust can be scarce.
