#unrugged as a new trend πŸ”₯ in #cryptocurrency market #LUNAtics

#smartcontracts on @terra_money are migratable means that at any time the owner can change the logic of its operation while keeping the same contract address
- indicating the admin address in the constructor (when instantiating the #smartcontract)
- implemented migrate function in the #smartcontract
sending #tokens (native, cw20 or LP) for a given contract without the possibility of confirming that it is not migratable does not mean anything and should not be considered as evidence
⁉️so watch out
the only method of such #verification is access to the #sourcecode of the #smartcontract and confirmation that the current #wasm package (code id) was deployed from the source code provided
⁉️not easy
#EOT all other assurances are #fake #marketing and maybe not overtly misleading but certainly not telling whole truth (if you are aware of it and with that it can vary)
⁉️stay safe #LUNAtics and #cryptocurrencies fam

β€’ β€’ β€’

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More from @tomkowalczyk

6 Nov
πŸ‘€I noticed that a lot of #FUD in #blockchain #community comes from a lack of #knowledge so here I am to help everyone interested in #technology and #money, not #FUD, accusations and fear.
1. Knowing the #smartcontract address of the token before listing means almost nothing, it's just another contract on the #blockchain without any functionality,

I can make thousands of those every day #shitcoin πŸ˜…
2. To make such #smartcontract tradeable it has to be added to decentralized exchange - #DEX which is implementation of #AMM #algorithm, most of dexes are working based on pairs... so we need to have #pair to be tradeable on DEX πŸ₯°
Read 7 tweets
8 Sep
One of the longest thread on #ct here πŸ˜‡if you are one of the #LUNAtics and want to know how #STTsquadron will work, follow it and do RT $STT $LUNA #ToTheMoon
The purpose of creating #STTsquadrons is to allow holders of fewer STE (StarTerra Energy, where: 1STE - 1 $STT) points to participate in #IDO
A #STTsquadron is represented by a #smartcontract. In the first iteration, the @StarTerra_io team will create squadron contracts assigned to each faction. For each subsequent #IDO, #StarTerra will initiate new squadron contracts
Read 18 tweets
20 Oct 20
☒️ Tips for #shitcoin investors (Tips & Tricks)

❗️1. Pay attention to the mint() function, its implementation may allow to print tokens at any time.
$BTC $ETH $ALTS #cryptocurrency #blockchain #gem
❗️2️. Liquidity Locked does not always guarantee security and safty, not all tokens that create liquidity can be locked, pay attention to using #UniCrypt. $UNC $UNCX
❗️3️. Lack of a temporary blockade for private sales, pre sales usually results in quick sales of tokens as soon as they appear on the exchange, read and ask if there is such a blockade.
Read 10 tweets

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