RadRugs

Within the inclusive Solana ecosystem, some bad actors take advantage of the crypto frenzy to steal from investors. RadRugs aims to create a safer ecosystem for investors and return assets to those exploited by irresponsible projects.

The term "rug pull" refers to a scam where the creators of a crypto project abandon it after stealing money from investors. This term reflects the deep distress of deceived investors who were promised wealth and a bright future.

RadRugs aims to expose all scam projects harming mainstream crypto adoption, provide tools to review and rate projects based on security scores, and positively compensate innocent victims of such schemes.

RadRugs holders can participate in project management through a decentralized autonomous organization (DAO), where they have voting rights in key decisions of the RadRugs ecosystem. Holders of 3+ RadRugs NFTs gain access to the Premium version of our application, benefiting from more in-depth analysis of evaluated projects.

RadRugs is built by a team of 4 experienced crypto enthusiasts, software engineers, business analysts, and digital artists passionate about sustainable development and making a positive contribution to the ecosystem.

The most basic definition of a rug pull is when the creators of a project abandon it right after minting, disappearing completely from the public scene. It is very difficult to trace these individuals, leaving investors with NFTs whose value drops dramatically and quickly.