Trading: Protecting Traders from Rug Pulls & honeypots #Swapify

Recorded: Dec. 21, 2022 Duration: 0:39:40

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Hey, how's it going everybody welcome welcome to the Twitter spaces here we'll get started here just in a short minutes give a few minutes here for the swapify teams to come in here as well as the devs to share kind of like what they're up to what they're building especially for the DeFi and trading spaces well to
name is Justin Wu. I'm going to be your host of this AMA for today. And yeah, I want to say hello, see some familiar faces out there as well too, shout out to some of crypto Twitter here. But we'll get started here just a moment. Please share this out to your friends once we get this show started.
Awesome, let's get the Swapify team up here as well. Let's swap a five swap this and co-host as well.
Welcome everybody to today's AMA Twitter space is a hostess weekly as well to kicking things off for trading DeFi and all things decentralized as well to let's see here.
Awesome awesome. Hey, swap the fight team. How's it going? What's going on, man? How's everything we're doing well today? Awesome. Awesome. Yeah, so welcome everybody. I want to thank again. We'll start here just in a minute. I want to say thanks again for joining on here. My name is Justin Wu. I'm the co-founder of the Central. I host one of the largest web three conferences.
here in the US, mostly in Miami, Austin and LA. And we're excited here because we always covered the top builders, creators and projects, especially in our hosted AMA talks here on crypto Twitter. We want to hear directly from the devs and the team itself and also open
up to some, you know, this is the AMA. So welcome up some questions here from the community as well too. But we're excited to get things rolled off and kicked off here as well too. As we know, you know, trading is always about protecting yourself from rug pulls and honeypots. Swapify is here to help you and protect you from that as well. So we'll dive a little bit deeper into
that. And yeah, you know, we'll get things going here for today's AMA, but that's a little short intro about myself. And yeah, for the Swapify team, you want to do a quick intro for yourself as well too? Yeah, absolutely so. Personally, I'm the developer for the the player and the family.
We had the idea a while ago, the idea was born months ago. We started working a little over a month ago, a month and a few weeks, coming up with the ideas for this swap and starting to build out the D app and get it ready and going. We're proud to say we released it within a couple
of the coin. It's being used and we're really proud of the features we created for this swap to keep everyone safe. That's our main goal with Swamify is to keep all users new and experience safe while swapping coins. Awesome. Well, thanks for sharing the intro for that part. Yeah, I think what's just like
the first initial launch from you guys. You guys were putting some big numbers in terms of stats. I saw some stats there from the amount of each traded to the USD and amount traded and the swaps coming up as well too. When you guys were like kind of creating the platform really, let's come in from the standpoint from
Trying to build better tools for traders or trying to keep people out of their base safe. What's the edge that you guys see with Swapify and what you guys are building that allows traders to want to come and work with you guys? Yeah, absolutely. So there's a few things, but the
The main thing that we're really proud of for building is the anti-rug feature which works through the mempool. You know, on these other swaps, about 90% of all coins deployed day to day turn out to be rugs or some type of scam. So if we could prevent people, new traders and old traders as well, everyone gets caught in a rug here and there.
You know, we want to help as many people as we can get saved from these rug pools and save their funds so they could bring them into the next project until they find that gem You know when you're invested in these coins early on you're trying to find the next big project You're gonna get involved in some scams if you're buying them early you're buying them off fresh pairs things like that so this is adding another layer for the
the users to do these types of things and it's really going to give them more confidence and let them feel a lot safer when they're trading day to day doing these types of things. On top of that we also have a honey pot check so a lot of times a fair launch or something or a coin that just launched the Quiddies getting added you just want that quick entry you want to get in as fast as you can and you
might not do the diligence to check if it's a honey pot or check the packs in fear that you're going to get in later than you wanted. So you know, within like it literally takes a second, two seconds when you click swap if you have it on, it's going to let you know if that coin is a honey pot or if the tax is too high before it lets you in. If it passes the checks, it's good to go. It's#
So, I'm going to check so you guys are doing this. Well, too, I think you kind of mentioned is kind of the memple check and then also kind of checking things on chain, right? If people are going to try to projects out there or the dads are trying to like rug the liquidity and remove you guys are kind of tracking some of those other stats as well, too, with that kind of
just is those different signals or alarms of a rock pole or or any part on the terms of those projects? Yeah, absolutely. So, you know, our project is connected in with the mempool. You could use mempool functions and basically the mempool can sense all the pending transactions on the blockchain. So, you know, when you're tap into them, we
You can see a transaction while it's pending before it even happens. So when the developer goes and tries to remove that liquidity, it's already broadcasted to the mempool before it actually happens. So Iroswap can pick up on that and it will go ahead and sell your tokens for you before that pending transaction actually goes through.
And you know, another feature of our mempool back going back to Fair launches, I know you guys have been time-rugged, time and time again, you know, you're in a telegram waiting for that coin to go live and you know, they keep pushing it off. So with mempool, you could also make it auto-by on a liquidity app or a trading enabled. So, you know, instead of staring at your screen
just being glued to your seat and your desk waiting for hours, you could just set swap a file to buy that coin when the liquidity gets added or when the trading is enabled and you can kind of relax and swap a file that will do that for you. So, and if you combine that with anti-rug and a honey pot check, you know, it's pretty much automated to give you the best entry possible and keep your safe all at the same time.
And you guys have solved a lab for like a few different multi wallet functionality as well too is that just to even just like help if people are trying to diversify or not like put all their funds or your trading funds right into one area as well to you, you're allowing people to manage multiple wallets and does the
swaps and execution of all the different functions that you mentioned. It also works on the multiple wallets at the same time. Yeah, absolutely. So at the time you could plug in up to five wallets on the swap and in combination with all the features we've already mentioned, you could buy and sell
with 5 wallets at the same exact time or you could use any amount you could use 2, 3, 4 or 5 or just 1 if that's what you prefer. But yeah, we want to take the option for multi wallets. There's a lot of sketchy box and tools out there that either gatecapped and the people using them don't want to share them around or
Maybe people don't want to pay the massive prices to gain access to these types of bots and tools. And on top of that, most of them are executables that you download to your operating system, which a lot of people won't want to do. Or let's say you're on a Mac or something, you won't be able to do it. So the idea behind the multi-wards is just allow
more people, you know, more of your average person or your new person to access this feature, which is really awesome because it's going to allow you to get more supply of a coin, you know, if you're a good holder and you're, you know, the max is only 1% instead of getting that 1% and wishing you had more, we're having up your bag as they raise the limit.
as the price goes up, you can grab that 5% right at the beginning. So we're glad to offer that feature as well. And you know, in combination with all the other stuff, it's just, you know, you could be a much better trader than anyone using UniSwap, Sushi, One-Incer, any of these other, you know, top 100 swaps that people use day to day.
Yeah, definitely. And in terms of like, so you allow for multi wallets and then multi transactions as well too, to kind of execute, I guess, different percentages of buy
that is even as well too. So it's kind of like where you guys are looking to expand into is just adding more tool sets for traders to kind of ape into these coins and project safely, right? Like you guys are kind of like adding a song
like a few more of the other updates. So in your guys dev logs is ball two. Kind of like the incremental steps that you guys are adding towards more and more features for swaps, especially for multi-transact and swaps too.
Yeah, absolutely. You know, we've been building for a while now and we want to keep building and keep delivering We don't have too much announced We kind of like to you know go one step at a time Let people know that hey, this is coming next and get it done get it polished and delivered So yeah, you know as we go on of course we've been polishing the swap getting it perfect. We're pretty proud of
where it's at right now and it's just going to keep getting better. There will be more features. We take a lot of community suggestions as well. So if we see a demand for something in the community or in the East Space in general, that's something that we would love to build and add on to our tools. We want to have a full suite of things that really help people be safe
and help them be efficient when they're trading because, you know, everyone uses a swap. If you're in the crypto space, you use a swap in your day to day use. So we want to create the best swap that there possibly could be. The best swap there ever was and really help benefit everybody that comes over and decides to use swap and file over these other swaps.
Definitely. And in terms of like the, I guess just from a Hello for those that don't or haven't been involved or gotten to the token project quite yet, how does the tokenomics kind of work with the swap platform too? Is it pretty much from using utilizing the swap?
Swapify takes some of the p as well to and that goes to the tokens or how does that kind of break down work as well to for for you guys Yeah, absolutely so it's a hundred million total supply from launch and there's a 5% tax on buying cells in the coin itself which is used for development
the swap. It's used for marketing and we also do occasional buybacks. We've done some burns and things like that. So you know that tax is really just used to support the ecosystem of tools that we're building and to support the chart itself and bring marketing and things like that. So now onto the swap to app itself. At this time there's zero fees. Everything on that swap
up is free, but you do need to hold a tier bag. There's three tier levels and each one has a set amount of tokens to access it. Now to elaborate on that, we do have staking on the way. The stick is soon in a week or two. The designs are already done. The contract is being built up now. So for the
This is where a fee will come into. So if you don't have your tier bag, which allows you to make your swaps for free as long as you're holding that bag, we're going to implement a percentage fee in ETH. So let's say someone wants to use the tier 3 features, but they don't have a tier 3 bag. They're going to be able to pay a fee on their
swap and that is what is going to be used to fund the staking reward pool. So the people who don't want to grab their tear bag or don't get it, whatever the reason may be that they don't have the amount of coins to access that tear, they could use it for the small sea which in turn will reward the people that are holding their
your bags that choose to stay. So, and on top of that, the basic swap which has the honey pot check and the tax check and pre-setting your gas and your glade at a time, that will always be free. We consider that the free tier. So there will never be any fees or anything on that that's going to be open for everyone to use because that's basically just a little bit better than
in a swap and the other swaps out there. So we want to keep that free. You know, we want to have as many people using this swap as possible. So yeah, that'll broaden it up. More people will be able to use those tiers and that's the only time of fee. We'll come into play once the steak is live. You don't have a tear bag. You'll be able to pay that small fee to use the features that you#
Great. Yeah, thanks for breaking down that. Seems like you have you want to get involved with swap a fire definitely took a look at the tears, but again, it seems like you don't have to have all that. You just have to pay some of the fees to you like some of the extra trading features there to help help you against
I know you said you can't really talk too much of, you know, you guys are kind of just focused on building and shipping, which you guys have been, you know, pushing new updates.
whether it be the redesigns, making it work for mobile as well too and everything as well. Is there any kind of any partnerships or anything you can allude to or just kind of like we'll wait and see first since you guys are still kind of a new launch of with everything at the moment?
Yeah, so with partnership, you know, we of course you are looking into more influencers and things like that We want to partner up with some people that create video content because we believe videos is the best way to show off this swap and really you know showcase it See how it works We're gonna do like some free trials soon - so there's gonna be a
you know, a few days where you won't need any tokens to use the tier so everyone can check it out, you know, get a feel for it on their own and we think that'll be a big thing as well now. As far as other partnerships, we're looking into, you know, some other chains, we want to go to other chains, we want to go to some of these new chains like some of the L ones and things like that that are#
already so we want to make it available on in other areas of crypto as well other than just ETH. But as far as we're not gonna win we don't have any big ones that we can reveal right now but we are in the talks with quite a few people and you know as things are confirmed and set in stone they will be announced and everyone can get excited
for it at that point. Yeah, that's always best. So, you know, not talk about it, you know, actually just execute and seems like you guys are just lighting all that up as ball to and yeah, I think you answered kind of like my next up going question to is just like, what are you guys looking at? Other chains and other, you know, other chains that are beyond just
that's well too, despite, you know, east, of course, is where a lot of actions happening, but there's still a lot of cool amazing chains too that, you know, we'll definitely look out for it too when you guys are expanding out into bringing Swapify, especially if it's like EVM compatible, it looks like Swapify can be
utilized and tap into those other EVM L1 chains as well too. Coming up as well. Awesome. Yeah, also too. Again, this is a community AMA. If you guys have any questions too for free to tweet at us and raise raise your hand as well too. We're sharing this out with
the community as well too, especially for some of the DeFi traders out there as well too. I know a lot of followers here are following up. I think we, let's get here, Oracle too. I know Oracle does a lot of DeFi trading as well. Steve has some questions. Welcome up on the stage as well too. Hey, Oracle.
I don't know if anyone in here knows who I am. I actually just made a tweet about protecting your wallet and I tagged Minimask in it and I'm going to keep tagging them. PGP encryption or having PGP as a 2FA offer.
option would prevent your account or any to prevent any Fisher from ever being able to access your funds or send your funds out. But I don't know if anyone knows what PGP encryption is or like having a sign-in message with your PGP
GPKey, as far as the title goes in here, protecting traders from rug pulls and honeypots, that would require everyone to know how to read the blockchain. And even for the last four months, I've
dedicated my fucking time to it and it goes so much deeper than you can possibly imagine. Devs are getting smarter and smarter and smarter and they're renaming functions and they're fucking it's to the point
Where I'm not buying anything I haven't bought anything in a while and I used to be like a fucking shit coin overlord buying everything So I just stop buying So until I think personally until you learn how to read the blockchain
like really dive deep into it and look at the contract the the de putter wallet not only the de putter wallet look at what that wallet has done before launching the contract if it's not a fresh wallet see if he's interacted with other contracts if he's made up the
contracts, go to his internal transactions, always click on the transaction hash, see the from, click on the from, it will take you all the way back to the origin of that wallet.
red flags and there's also stuff there's parts of like for example if you go to a transaction any transaction hash and you click it and you go to the bottom it says more if you if you decrypt that because it's not in it's on like English characters
If you decrypt that, it will show you exactly what's going on. Tyrant, for example, Tyrant from two nights ago, I checked, had stolen 13th. They've just been slowly taking out money.
That's just me. That's all I have to say. Well, thanks. Yeah, appreciate the insights there, especially for the topic of like protecting against Rookpools, especially from the DevSight this ball. I think that's where, you know, I don't know, swap if I want to comment on, yeah, that where you guys are looking at, again, like all the different aspects of
How some of these devs have been kind of like bugging and exploiting different traders and token holders as well too. I think that's where like Swapify, same with you Oracle, you guys are always, you know, you guys are much more deeper into and keeping on the lookout. And obviously there's these patterns and obviously
there's newer stuff that pops up, especially these devs are getting super creative, right? I don't know, swap up stuff. It's insane, man. It's insane. I'm seeing it every day. I'll check a coin and I just shurred my head because it's to the point where it's, I don't, I personally, this is my
I don't think Rookpools are ever going to stop from competent devs who know how to code. And then eventually that contract gets public and now you have fucking anyone who's rugged right now is going to be using their contract.
it's unstoppable. DeFi as a whole is just shit now. Because at some point in time, some person made a contract that was shitty and it became public and now everyone's using it. And it's going to keep happening and keep happening and these deaths are going
smarter and smarter like the what was it the unlimited the creating an unlimited supply or like our minting an unlimited supply like after you launch it even though it says there's limited supply that that that was like what two months ago that
started and there's more stuff coming out and I'm seeing it every single day but as far as you know you know you know I mean you're watching it too yeah definitely definitely yeah absolutely man you know that if there's definitely it's almost like there's a new scam every single day right
right, like you said the depth just keep getting smarter and smarter. So you know the goal of our project is to do our part to keep a lot of the you know the average users safe. Of course not everyone can read the blockchain and really find out on a deep level what's going on. So we are doing our part you know right now the rugs that we're talking about is
you know, just the simple where they're going to go ahead and take their liquidity back from whatever decks they supplied it through. It gets tricky with the hidden mince, of course. I know you mentioned that a lot of times. There's some employers that will mint the total supply after it's already in circulation and sell it in one transaction. Yeah. You know, our DFT
everything we're going to keep working and then seeing what we could figure out and decode and try to implement more and more protections to that anti-wrunk. But for right now the most common rug still and I think always is that just removing liquidity from the decks and we could pick up on that all day long and help save people from that. Yeah that's that's so that's
That's like the most common one and there's also changing the taxes immediately after deploying. They'll deploy change taxes to 95% and people don't know that, people don't know how to read that.
You can set it to like where you can only buy, you can buy in like however much you want when it depoits right and then oh depending on the quantity. But then you can only sell you know 100 tokens at a time. Like they can do that.
I've deployed projects. I've actually bumped into one of that. I was like, "It's a one-way rugby. Money in, no money out." Yeah, you can get a penny's out at a time. But you would use
like $500 then. You know. The casino said it's Monday's gone. Yeah. It's like that's why I can have the sort of South Park and it's gone. Yeah. It's just I just you know I'm happy man. So I'll probably do your thing.
I got to the point where I was like fuck defy because death tools isn't taking any responsibility. They're not making people be like go through the
hassle of making a website and paying the fee that 3.3 ETH to have a website listed because that would lessen rug pulls by probably 80 90% because people aren't going to want to pay
you know, 0.3E to get, you know, the telegram group running and a website up and all that. So they're taking no responsibility. They don't give a fuck. So the problem is Dex tools, I think, when it comes down to this.
Yes, thanks for sharing that as well. It's an ongoing thing that we have to try to encourage and educate many of the Apes and traders out there as well. The community, at least I've seen is still gravitating
out there. It was that's try stay safe, but I feel your sentiment to and you know, seeing rugby after rugby, things just got too hot, even just like recently as well. And so I think yeah. Last year man, like the D5 space was amazing. I mean not D5.
just to get one space was amazing because nobody none of this shows happening and it was like everyone was making money you know some people lost some money even not too too much um certainly not putting your money in and then instantly
losing it within like five minutes that never happened a year ago. So this just shows man, just like technology is growing, devs grow, they get smarter and I don't think it's stoppable. I personally don't think that.
There has to be a screening, I think, from Dex tools before they list new pairs or they show new pairs. There has to be some sort of screening on their end. Yeah, but it seems like they just love the traffic too. Yeah, they're making banks.
But hopefully, you know, and that's where we're trying to, I hope that the space will continue to try to level up. I need to try to bring more of that to the attention because yeah, we don't really talk about that, you know, staying safe, you know, we can always talk about all the gains and, and
everything that we're going for trades. We're still encountering a lot of turbulence through a lot of these scammers and rug pullers out there as well too. I appreciate your insights and thoughts there. One more thing I can add. One more. You can create
your own liquidity pool. Like I can buy on launch, I can buy say, say I launch a coin right now and I buy a need worth. I can make my own LP with the same coin with this like if, all right,
Let's take what's the trending point right now. Sookha for example, I can buy 10 eth worth right and I can go to Uniswap or I can go to SushiSwap and then create that all I need is their contract address and a
50, 50, 50% tokens and 50% of these and create my own pool. And now these pools are now confusing each other because they're the same contract, but you don't know who's running the other one.
Yeah, yeah, that's a good point. Yeah, dude, you can do it. You can do it on fucking Unislaw too. I can go make right now an exact replica of any token.
It's ridiculous. It's ridiculous, dude. Yeah, a lot of exploits out there. And yeah, that's always the one to keep a watch out as well, too. Yeah, good. Sorry to meet you, Kaya.
Yeah, absolutely, man. You know, like I said, you know, the scams and things that they just kind of run rampant in the space and they keep changing. So, you know, we see our job at Swapify is that we keep changing as well and we keep up with all this stuff. And, you know, we continue to keep building as time goes on and keep keeping people as safe as we can from as many
many of these scams and exploits and things like that as possible as time goes on. So we're here to do our part and do what we can. Sorry. Say and then yeah, like for the traders in community, community members out there as well too, you know, there are
features tools and things that you want to swap a team to add on to their swaps in terms of the tools, features and everything else. Again, you heard from a team there. They're always adding more features. They've been getting a lot of feedback to in terms of how they've
been adding more and more in terms of the road to their development in roadmap as well too. So yeah. Can I have something as well? So people are if I've been tweeting about it for a month. I found a way to
Every if you go to any any token right now it's fucked up and people are finally starting to see it I found a way to reactivate mevbots that were active like years ago so anything I buy up trends if I buy your token and sell it right
right away it'll be stuck in consolidation. It'll look like people are going to be buying it, right? But it's going to be stuck in consolidation because I found a way to have meth bots fight each other. I can make
make something uptrend. If you go to my twitter you can see this. Someone asked me last time to make this uptrend. Buy all the Mav bots follow and it will continue to uptrend. Any token I interact with? I haven't told anyone how I'm doing it.
But it's like three steps. I can make anything downtrend. I can make a consolidate forever. It's great to make it uptrend forever, which is fucked up. This is why I'm trying to I'm still a lot of exploits. Yeah. Yeah. I reported it to Ethan scan. You know what they said?
It's not affecting Ethereum, so they don't care.
Yeah, definitely, definitely. Well, yeah, thanks again, Oracle for coming up and sharing, you know, definitely, you know, you drop a lot of knowledge, especially from, you know, from the development standpoint. Again, most people don't really look at that. And then for the everyday trader, of course, you know, swap a fight and others are always trying to
And that's why we're hosting these kind of like talks and spaces as well to kind of catch and find all these exploits out there. I think yeah, a lot of people don't see behind the scenes. Kind of like all the great issues shit that's happening as well too. But yeah, it's a soft fight. I have to go.
I took up a lot of time, so I would love to work with you guys. If you need help with anything, I'm very, very knowledgeable in the blockchain. And yeah, I'm always here. So, thank you guys. Thanks for letting me talk. The problem, I appreciate it. Thanks for hopping on too.
and we'll catch you again a little bit later as well too. Sounds good. All right, thanks. Awesome. Again, thanks again, this is a Kamea A2 for other traders, anybody that have other questions or things they want to bring up to Swapify team or us in general to talking about how to project yourself from
I'm not seeing too much in your questions here. I'm not sure
Is there anything else kind of like last thoughts that you want to share to here in terms of the platform or even just in general just like how to stay safe from trading? Yeah, man, so we're not seeing too many questions in here, but yeah, I mean Oracle did
And you know, he gave a lot of good info and you know, maybe some people didn't know some of the things that he said and it kind of gives a little more insight on why we wanted to create this project. We're definitely going to continue building and continue finding ways to protect you guys more and more from these types of things. I just want to mention as far as the usage of our swap, we started
tracking volume and amount of swaps just yesterday and already we have 215,000 USD in swap volume over about 310 swaps so the swap is being used people are liking it you know we're always listening out keeping it here and on on the community for any changes they
they might want or any issues they run into or compliment things like that. So, you know, if you haven't tried the Swap just yet, we strongly encourage you guys to go try it out, get your hands on it for yourself, see how you like it, you know, mess around with it a bit. We've built a really powerful tool here and we're excited to keep building and keep pushing and getting new things released from everyone.
Awesome. Yeah, I guess we can kind of wrap up the community, A.M.A. Sure. If there's any other questions, if you go again, you have any questions, feel free to raise your hand. I'm happy to tap you up here as well. But for us on the day central side, Royce hosts these spaces regularly too.
even covering about the latest in trading and DeFi as well. As you guys are continuing to launch as well too, feel free to always chime in and hop on and we'll share another update as you guys are continuing to push more and more features to protect people from rug pulls and to stay safe.
when they're trading, especially from the devs. Of course, you know, we always want to see the good relations between devs and traders themselves, but of course, there's always bad apples out there and we always want to keep watch for them as a community and a community of eights and deans as well too. I'm not
I'm not in the bucket as much of course Oracle. He sees a lot of crazy stuff that's happening in the space. There are a lot of rug pulls, but I think that still right now it's been a great time to trade and ape into a lot of these projects.
at least the ones that you believe in and see and you know from a trading standpoint I still see it being amazing obviously it's been a battle week to week especially with how the global macro looks like for for ETH and Bitcoin and everything but I would say still just a pretty perspective
The overall crypto space is still under one trillion and Apple just lost in terms of value or should say Amazon just lost over one trillion of value itself on its stock. And so the whole crypto space in general is not even
One major company in the U.S. That's how early we are right now. But in terms of the volume and seeing what's going on in space, we're seeing a lot of activity and I'm still optimistic on the space right now.
Yeah, swap if I don't have any other less closing thoughts about that and for those that are trading as well too, you know, kind of like your sentiment and thoughts as well too. Yeah, absolutely, man. So we will let you know by any updates and things like that. We appreciate the AMA. We appreciate everyone coming out and with all this stuff Oracle said, you know, of course there is a lot of bad things.
but I don't want that to discourage anyone from continuing on and pushing forward. There's always good projects, there's always good communities, good devs, good teams that are really going to build things. When crypto does hit another bull run and when it is worth, let's say in the future it could
be worth 10 trillion or even way more and there's got to be a place for all that money to go. So when you find those projects that are constantly building and actually doing something of value that could benefit all these new people and all that new money comes in, it could be like you know a real life changing thing for you. So you know don't let the scary side of it and the bad acting
in the space. Kind of scare you out of it and scare you away. There's always going to be good projects. And you know, with us, we're always going to be there to help you guys out and keep everyone safe inside the space as much as we can. Awesome. Awesome. Well, with that, we can kind of conclude today's AMA.
And again, you know, feel free to keep in touch as well too. We'll definitely want to hear more updates as to what you guys are rolling out. And then I'll definitely try out the platform further and share out some more of my thoughts and give some feedback there too. Then again, also everybody there in the community that
is listening right now please join the telegram be active in there and talk to the devs the dev team they're all reachable and they're here to listen to kind of your needs and there's been a lot of swaps just been going on since the launch but they can only improve that further if you
kind of let them know what they should be looking out for and how they can help enhance your guys' training experiences as well too. Well, thanks again, Swapify and Swapify team. Thanks again for Jhopinan on the Crypto Tutor Space is here with East Central and we'll see you guys here again soon.
Absolutely. Thanks Justin. Thanks for coming out everybody. Talk to you soon. See you guys in the telegram with any more questions and suggestions. We have BCs there pretty often. So we're looking forward to talking to everyone some more over there. Thanks, Scott. Awesome. All right. Thank you, Ray. Take care.

FAQ on Trading: Protecting Traders from Rug Pulls & honeypots #Swapify | Twitter Space Recording

What is the main goal of Swapify?
The main goal of Swapify is to keep all users new and experienced safe while swapping coins.
What is the anti-rug feature of Swapify?
The anti-rug feature of Swapify works through the mempool to prevent users from becoming victims of rug pulls and scams.
What is the honey pot check feature of Swapify?
The honey pot check feature of Swapify is designed to let users know if a coin is a honey pot or if the tax is too high before it lets them in.
What kind of transactions can Swapify sense with its mempool function?
Swapify can sense all the pending transactions on the blockchain with its mempool function.
What happens when a developer tries to remove liquidity from a project on Swapify?
When a developer tries to remove liquidity from a project on Swapify, the mempool can sense it before it happens and Iroswap can sell the user's tokens before the transaction goes through.
What happens if a fair launch is delayed on Swapify?
If a fair launch is delayed on Swapify, users can make it auto-buy on a liquidity app or a trading-enabled feature.
How many wallets can be plugged into Swapify at a time?
At the time, up to five wallets can be plugged into Swapify at a time.
What is the advantage of using Swapify for multi wallet functionality?
The advantage of using Swapify for multi wallet functionality is that it allows users to manage multiple wallets and execute all the different functions that Swapify offers at the same time.
What is Justin Wu's role in the podcast?
Justin Wu is the host of the podcast.
What type of event does Justin Wu host?
Justin Wu hosts one of the largest web three conferences in the US, mostly in Miami, Austin and LA.