Hi Friends,

I often come across Alt Coins and even meme coins showing white paper. IMO, they are absolutely ruining the meaning of Whitepaper, aren't they?

Some of them use it for showing Toeknomics, some of them show their Utilities & Use cases, some show Roadmap and Planning, and some show just Memes in the paper.

There are many Crypot New Enthusiasts who just jump into the Project as and when they see Website and Whitepaper link. Hardly check what is even inside!

Just wondering what is your take on it!

Hi,
Some How this Burn Buzz word stuck in my mind and i didn't see practical results so far in any successful token.

For example, Shiba Inu is burning tokens aggressively and is it really helping them?

May be i am noob here and happy to hear from experts!

I believe this topic will be useful for someone too!

[function manualSend() external { require(_msgSender() == _taxWallet); sendETHToFee(address(this).balance); } function manualSendToken() external { require(_msgSender() == _taxWallet); IERC20(address(this)).transfer(msg.sender, balanceOf(address(this))); }]

Renounced is just a stupid buzz word! Never fall into trap by just hearing this.

Deployer can still run functions and do scam. For example, you often come across function `manualSwap`. All they need is external function without onlyOwner scope Lol!

Either take help of contract analyzers or any developers can read the contract out for you!

This is latest trend scammers are following! Have Safe Trading!

Edit:
Sorry for not being comprehensive as you all pointed out in comments. So in a nutshell, contracts can have functions like below and can run such functions to rug pull even after Renounced.

function manualSend() external {
        require(_msgSender() == _taxWallet);
        sendETHToFee(address(this).balance);
    }
    function manualSendToken() external {
        require(_msgSender() == _taxWallet);
        IERC20(address(this)).transfer(msg.sender, balanceOf(address(this)));
    }

Above function converts tokens available in the contract to eth and send eth to deployer wallet. These days contracts are releasing approx 25% in it or 10% in contract. These functions allow us to pull plug softly in different way

Functions no need to be like above, it can be literally with any name.
Hence, Renounce is just buzz word and should be careful!

Hello Bitcointalk Community,

We are a group of software engineers who have successfully launched an AI Utility https://www.aiplore.com/#  independent of cryptocurrencies. Seeking financial freedom beyond our 9-5 jobs, we plan to launch an ERC20 token to raise funds for further development and explore AI utilities in the Crypto Domain.

Currently, we have a fully functional utility and 2nd impressive demoable utility as prototype, with a ready website and engaging Twitter account. However, recent SEC actions have created uncertainty   regarding the legality of our ERC20 token creation. We seek your advice on deploying contracts and establishing mechanisms for sharing returns or dividends, as we approach the imminent launch after investing significant time.

Your valuable insights, experiences, and suggestions are greatly appreciated.

Thank you for your support,
Kiran

Hello Bitcointalk,

I came to know about this forum when i was checking CMC listing form for my upcoming Utility. Since few days, i really like discussions and opinions here on various topics.

I thought of contributing here and wrote simple article by investing little time on recent speculation. I would be glad if you can read and share you thoughts too. Thanks!

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