Faucet, Rugpull, Fee

The dark side of cryptocurrency: understand the risks and effects of taps, rugs and tax staff

While the cryptocurrency world continues to grow, many people are attracted to its promise of high return and rapid growth. However, behind the scenes, a complex network of scams, poor governance and deception appeared. This article will deepen the risks of tap programs, carpets and commissions related to these systems, highlighting the danger and consequences of which may arise.

Tap programs

TAP programs are designed to reward users for membership in the network or system, often using a series of small transactions. The purpose of these programs is to attract new members and earn revenue for the project. However, regulatory authorities and experts have repeatedly identified as scams.

According to the CoinDesk report, most (44%) TAP programs were closed due to suspicious activities or security violations. In addition, many TAP programs are criticized for the lack of transparency and poor management, leaving users in case of minor or unattractive disputes or program problems.

A remarkable example of the tap program, which has become acidic, is a bitconnt, which was concluded in 2017 by administrations, thanks to charges of money laundering and other illegal activities. The program makers were accused of managing the pyramid scheme, before being unsuccessful investors and their remedies for their personal income.

tira wear

Carpet shot, “carpet pulling fraud” abbreviation is a form of cryptocurrency fraud, in which the project or network suddenly disappears, leaving users without access to their resources. This can be devastating for those who have invested heavily in the system because they have a marker without value and lost means.

The most remarkable example of the shooting carpet is the Bitgrail, a marker sales platform, which was concluded in 2017 by administrations after charges of activities similar to the Ponzi scheme. The platform makers were accused of distorting their project and using funds for investors, not technology.

Other significant carpet examples are equality technology that has lost $ 2 billion in a value for $ 2 billion for phishing scams, and Conalcheck, who have lost about $ 50 million in Bitcoins (about $ 530 million worth of about $ 530 million), which has lost approximately $ 530 million) that has lost approxim $ 50 million (worth). In the area

Commission

Cryptocurrency transactions are equipped with various commissions that can be quickly added. These commissions are often charged by exchange, purse and other thirds of services, and may vary from low percent to large offices in transactions.

The most important commission related to cryptocurrency is the price of a gas that can be supported when users try to send or receive cryptocurrency. Gas prices vary depending on the network, but they can quickly count, especially with high -speed transactions.

According to the CoinDesk report, the average price of Ethereum transactions was more than $ 100 in 2020 with some transactions that cost up to $ 150. It is significantly higher than traditional payment systems that usually charge a low commission on online transactions.

TAP program, shots and fees effects

While cryptocurrency may be income investment, the risks associated with tap programs, carpets and commissions are realistic. These scams and poor management can lead to significant financial losses as well as reputation and damage to users.

In addition to the emotional balance of money, TAP programs and other cryptocurrency systems are related to a number of social and economic problems, including:

* Financial instability:

Cryptocurrency markets are known for their volatility, which can cause rapid prices that can leave investors with significant losses.