Mar 11, 2022
Rugpull Prevention Q1 Update
Over time, the Rugpull Prevention project has evolved from a small group of community members to a project that provides transparency through personalized conversations, reviews and collaboration. While we feel that providing transparency is very important, we also feel that a unique UX coupled with blockchain based tools is the key to our success.
What is considered a success for the project?
Our success will be determined by the amount of people we reach and how efficiently our community can help those in need.
How can we achieve this success?
Put simply, automation. Yes, there are many factors to achieving success but we feel that developing our automated community hub is the most important aspect. Let’s face it, there are too many scams to handle manually, especially when Rugpull Prevention is not intended as a commercialized entity, limiting resources.
Even with the help of community members and undercover detectives, there is no way for us to stay up to date on the scams. This is why our Detective’s guild website and eventual tool dashboard release is so important for us. Our community needs these tools to give us the ability to deliver unbiased information in a verified way.
What is happening right now?
As you know, our team members have expanded into other projects. We have more responsibilities around the network, but our vision remains the same. We are entirely dedicated to Rugpull Prevention and will continue to be as we all contribute to it. We have been working with another developer for some time and he is a trusted friend of ours, even partnering with our beloved Jan Bond to obtain office space in beautiful Switzerland.
Our lead developer, MoBoosted will also be in Barcelona for the Avalanche Summit to represent us along with RaceX and MoonMug. He is very eager to meet people from around the Avalanche Network and he will be interested in exploring any opportunity that may present itself while there.
Right now, we are working on the Detective’s Guild website. We are combining our old website with the new website. This is on top of our original Detective’s Guild website scope which is the reason for our delays. All info will be in one spot, we will then abandon the original Rugpull Prevention website once this new one is launched, transferring the information over. We have put a hold on new collaborations and partnerships until we can release these initial V1 guild developments.
We feel our developments are absolutely essential to the growth of our project and overall De-Fi safety within our community. We are no longer comfortable reviewing and certifying projects without more community input. It just feels centralized and feels like the wrong way of operating to us. We don’t want to be the final word on a project and no small group of people should be, in our opinion.
What about early Rugpull token supporters?
We are doing our best to give the Rugpull token more use cases. For now, it is a slow burning deflationary token, but the plan has always been to integrate it into our tools. We have not decided on the final iteration yet, but leaning towards a subscription based model in which we distribute Rugpull paid in multiple ways. These distributions would include a single staking fund in which a percentage of the Rugpull collected would be deposited into a single staking contract. Some percentage would also go towards marketing and our team would also receive a small percentage.
How can you help Rugpull Prevention right now?
Participate. Ask or answer questions. Become a verified detective through our NFT Dapp and start some investigations or share red flags in our discord verified detective’s community. All of these things are so helpful to the core of our community. If we are going to change crypto culture for the better we have to do it together.
How do we help the Avalanche Network?
Our project community helps the network by providing an unbiased and crowdsourced look into projects on the network. We consistently have community members sharing red flags with us. Some of these red flags that the community has shared helped us to not only stop some scams, get refunds, but also have helped the awareness overall in our community. We want our members to make projects prove themselves. We want them to ask the hard questions and we want them to share that info with our community.
Where do we go from here?
We continue what we have been doing for almost a year on the Avalanche Network by helping where we can to make the Network safer for others. We need to make good decisions and we need to focus on developments. After our developments are in a good spot, we return to our transparency collaborations/partnerships and we launch a marketing campaign. The marketing will help us reach more people and help us grow the community. Please note, the marketing will be through reputable sources, we are not willing to participate in unethical shill tactics that have become the industry norm.
How long will it take to achieve our immediate goals?
We have always stressed that Rugpull Prevention is a long term project. Since the beginning we wanted our supporters to know that while we have the best of intentions, we are new to the blockchain industry and making our vision a reality will take time. We try to release roadmap goals with timelines and do our best to stick to these times, but they are not set in stone.
Since our team is made up of community members, we all have our own responsibilities past Rugpull Prevention. There were no presales, we didn’t even create the Rugpull token and all of the tokens we own were purchased at market value at some point. This means it could take longer than normal. We have to balance our time so we can ensure that all of our endeavors succeed. Not only does this keep Rugpull Prevention financially alive and well, it also gives us opportunities for learning, professional networking, and gives us exposure that we normally would not get if we did not have these other roles.
