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Having BTCST and its coins actively promoted on binance (launchpad) and pancakeswap. Is this the new form of rug pulling? Artificially pump up volume, get alot of attention of reputable sources, take in TVL, then throw in a 30% transaction fee in the cont

Binance

Cryptocoins Exchanges / Binance 245 Views

I've provided a couple of btcs worth of liquidity to the tbtc-btcb farm on pcs the past few months. In an attempt to soft rug, the devs have decided to retroactively enable a 30% fee when you stake and 30% fee when you swap/trade recently without explaining the process and without notifying users before they swap their coins.

It looks like the devs have chewed up the extra coins they have then sold them back on the market sinking the peg drastically despite certain buy backs promised to happen. They have mentioned they intended to take off the fees weeks ago but the developers have gone quiet and actively push their volunteer mods on their telegram to communicate the wrong information in an attempt to miseld.

Why is binance/pancakeswap allowing them to let them soft rug and enable backend fees to bankrupt their users? Its a literally scam and I don't want anybody more people to be taken advantage of. Is their anyway to take the farms/coins off of binance and stop this scam? Enough is enough. I've been in crypto since early 2013 and never seen anybody put fees on a coin retroactively. Could you imagine pumping up a coin then all of a sudden enable in the contract a 75% fee for any transfers etc? Perfect way to legally rug.

submitted by /u/techrasta
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