inSure is a token of the crypto asset insurance ecosystem. It distributes the risks of owning cryptocurrency among the liquidity pool, and with the help of Chainlink, insurance premiums are determined. The purpose of the system is to ensure stability in the crypto world, protect investors from fraud, theft of funds and sharp devaluation of crypto portfolios.

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Rug pulls are a thorn in the side of risk-taking investors eager to get in early on the hottest projects before they go big. This type of scam is proliferating these days due to the deafening hype around decentralized finance (DeFi), non-fungible tokens (NFTs), Web3, various metaverses and the promise of riches.

This is exacerbated by the crypto industry’s lack of regulation, sometimes misplaced faith in anonymous teams and the general demographic of crypto users, which consists mostly of millennials and Gen Z's with excess funds, little fundamental understanding of crypto and often lacking real drive or incentive to learn the technical intricacies of blockchain technology. This is not a description of every crypto investor, but it does describe many of them!

So on today’s CoinMarketCap episode we explain what exactly a rug pull is and how you can avoid one.. 

0:00 Overview
1:44 How does a rug pull work?
3:40 NFT Rug Pulls
3:57 How to catch a rug pull
4:37 Anonymous or Fake Founders
5:44 Unrealistic Projected Returns on Investment
6:04 Unaudited Projects
6:57 Lack of Effort or Innovation
7:40 Funds Concentrated Among Handful of Holders
8:20 Stealth Mints

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How to Spot a Rug Pull?

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❓ How to spot a rug pool: https://www.youtube.com/watch?v=1JYdAqD6mrA&ab_channel=CoinMarketCap

🛡️ Be vigilant and always do your own research before investing in crypto.
If something seems more exciting, pleasing, or ideal than seems reasonable, then it likely isn't genuine, legitimate, or true.

How to spot a rug pool:. Be vigilant and always do your own research before investing in crypto.