Totally A Rug Pull is a type of meme token with a low price and a high supply that can cause volatility. Meme coin is a cryptocurrency generally associated with a theme, often created as a joke. The goal is to use this platform to educate investors on recognizing red flags in projects while also creating some entertaining NFTs. When the project developers abruptly stop supporting the token they've created, this is known as a rug pull. As a result, the NFT's price suddenly drops to zero, resulting in significant losses for investors.
The platform is planning to develop an AI-powered contract reader tool that aids in the risk assessments of token contracts. This application searches a token contract address, calculates the overall percent held in the top ten wallets, scans for red flags, and tracks known DEV and Marketing wallets in the code after a token contract address is entered. Its whitepaper states that this mechanism also keeps users informed if the value of any tokens they have invested in changes.
TARP is a BEP-20 token based on the BSC Network. BEP-20 is a token standard that defines rules for tokens on the Binance Smart Chain. The token's liquidity is locked in the Pancake Swap. PancakeSwap lets users trade cryptocurrencies without a centralized intermediary. A 4 percent tax is applied to each transaction. Therefore, if a user purchases one hundred TARP tokens, the wallet only receives 96 TARP tokens. The 4 percent token is distributed in the following manner: 1 percent Burn, 1 percent Redistribution (Reflections), 1 percent Liquidity, and 1 percent Dev Wallet. DEV wallet facilitates marketing, future listings, and other aspects of the project's development. TARP is also a deflationary token that helps in minimizing supply over time.
