Before we go further, it is worth mentioning the risks involved in decentralized ILO (also known as presales).
We believe in creating disruptive tech, that anyone can use for their project. Much like a DEX where anyone can list their tokens, our platform allows any project to host an ILO and launch their token.
⚠️ This means we have no say in which tokens use this platform. It is completely open. The following are some of the risks present in an ILO, and is far from being an exhaustive list:
⛔ Minting — If a token contract has minting it is possible for the developers to mint as many tokens as they may like and dump them on the market
⛔ Proxies — If a token is behind a proxy, the contract can be changed in the future to anything they would like. Including freezing token transfers and minting more tokens. Anything is theoretically possible.
⛔ Developer abandonment — The highest risk is developers abandoning a project quite literally immediately after the ILO.
It is therefore crucial to conduct your own research into a project before participating in its presale.
- Unicrypt Team -