Why the name rug?
Everyone's heard of rugging now but honestly I know it as goxing. It's a new term for an old idea when the rugs pulled out from under you and whatever you've got is gone.
You got screwed.
So did I a few times and the most recent one hurt the most because it was my own token I was working on. I was getting help from someone for the tech and they minted a ton of the token and sold down into my liquidity. A thousand dollars gone in an instant and not the first time I'd handed them money.
But I still had holders so I made a new token, this one called Rug Rug for a pretty simple purpose, when I was down bch people were less than kind about it and honestly more then 1000 dollars people were telling me to quit and leave the project sphere. I don't know how many people got goxed / rugged before but it was the kind of thing that made me want to quit before someone tried doxing me. This sort of thing was uncomfortable and it wasn't clear how many people were being accused of rug/gox and didn't even have time to fix it before their entire project was shattered and people left or their reputation was toxic.
Rug Rug token is my new meme, lots of fake rug accusations even run around now that it's a ban-able offense in some rooms and it's probably killing more small projects then people cold count. Rugging happens for sure, I got rugged here and at wex and at etc, but this is probably the first time I've seen this much malice in it. So I'm trying to chill it out a bit and show people can pay back the gox like bitfinex instead of needing to be crucified or abandon their project work. If everyone left Bitfinex we'd have never gotten the money back either.
What's rug do?
Rug Rug Token is an Air drop work token currently with bounties for various jobs lifting it around and a by hand faucet (Until bot is made). We air drop tons of tokens from SEP20 Honk to SLP Rnew. We're looking for new tokens to help out as well, start up projects wanting their name out there working with us we'll get your token to peoples hands then it's up to you to work with them and make something happen. The air drop will make us a hub of various tokens at some point and probably the place to learn about some of the new projects and get some as well.
Right now the biggest work Rug Rug does is bounties and Air drops. Just last week we handed out 12 million honk, 500 Mist, 150 thousand RNEW, and 3-4 cyfrog. The amount being handed out is calculated on the price of Rug Rug so as it moons you get more possible bang for the buck.
We're gonna keep working on more stuff to bring you,
keep the rug under your feet,
RugRug Token
Other spaces we're in:
read.cash/@RugRugToken
twitter.com/RugRugMoon
Telegram Link - t.me/RugRugRedemption app.mistswap.fi/add/BCH/0x2FBd3dDceCd02A95D712C4185aE0eB8C87c4a327
We called it flattening the mountain for a while. Just because Gox sound a little to much like Gok, wich is slang-ish for Big Nose in my country. :D Nice article