In this episode of Understanding Crypto you will learn about rug pull. A rug pull is a type of crypto scam that occurs when a team pumps their project’s token before disappearing with the funds, leaving their investors with a valueless asset. You will hear how to spot a rug pull in cryptocurrency and why it happens. You will also hear how to avoid a rug pull. The people behind these rug pulls are untraceable so it’s really vital to learn how to avoid rug pulls. There are a few things that you can do to spot a rug pull or a red flag and you will hear those in this episode.

In the show you will learn: 

• What is a rug pull
• How to spot a rug pull in crypto
• Why rug pulls happen
• How to avoid a rug pull

Understanding Crypto is the podcast created to help you work out what is happening in the world of Web 3.0 and the impact this digital revolution could make to your brand, business and life.

In this show your hosts Paul Abercrombie and James Burtt will be discussing, distilling and massively simplifying subjects such as how blockchain works, what is metaverse real estate all about, what are you actually buying when you purchase an NFT, how do DOA's work, which direction is Bitcoin heading in, how to use a digital wallet, what steps you need to take to onramp from fiat currency into digital assets and lots, lots more.

Plus, via specific episodes of the podcast, Paul and James will actually pull back the iron curtain to share what on-chain projects they are involved with and document - in real time - the processes they grow and go through in order to make Web 3.0 as valuable for real-world realtime businesses and brands as possible.