Establishing a Place of Trust in the Crypto Community

[leaptoken]

Would you put money into an idea, project, or mission without knowing who’s running it or knowing if your money is secure?…No? Then why do we do it with crypto?

This past year, so many people were frothing at the mouth while pouring trillions of dollars into crypto projects hoping for a big payoff. In their frenzy, many of them put their guards down so they could be an early adopter of the next meme token. Unfortunately, many of these folks were scammed out of their hard-earned money.
Given the pace of new tokens entering the market and the news of 10x, 100x, or even 1000x gains for those that got in before the hype, there is no time for individuals to do the appropriate due-diligence on these projects. So, the onus should fall on these large coin listing sites to put enough safeguards to prevent scam tokens from being listed. Adding a step to verify that the new tokens have their liquidity locked for more than 6 months would drastically reduce the amount of rug-pulls in the market. However, as we have seen over and over again, that is not the case.

We need to demand security, transparency, and verification from large coin listing sites. They need to worry less about increasing their traffic/ad-revenue and more on ensuring the tokens they market are projects we can trust.

Here are 3 safeguards we need from ALL coin listing sites:
1. Verification of token founders and developers via their LinkedIn
2. Verification that token liquidity has been locked for more than 6 months
3. Verification that team owned/controlled tokens are also locked for more than 6 months
These 3 steps will reduce the number of scam tokens that hit the market.

Until we get large coin listing sites to add these safeguards, Leap Token (LEAP) will do our part to establish a place of trust in the crypto community. We do this by auditing the tokens in the market to bring transparency and trust into the crypto space. Help us make crypto better for everyone.

Check out our token audits and learn more about our mission by visiting www.leaptoken.us.

[Little Mouse]

Would you put money into an idea, project, or mission without knowing who’s running it or knowing if your money is secure?…No? Then why do we do it with crypto?

Not so many people do this anymore anyway. It was trend to invest any ICO launching back in the day but due to a lot of scam, people don't invest into ICO which has no docx. Well, there's fundamental of a project. If the idea is solid, why not too? We don't know who is satoshi too.

[zasad@]

Check out our token audits and learn more about our mission by visiting www.leaptoken.us.

Great presentation, but after looking at your website, tokenomics and your white paper, I should tell forum members to beware of buying your token

Total Supply: 1 Trillion (1, 000, 000, 000, 000)
50% Locked Liquidity
40% Locked for Burns and Future Development
10% Marketing

You have a perfect plan, but you don't seem to understand what to do first and what to do next.

Launch LEAP on Binance
..
3rd-party Audit
..
Listed on Coingecko/CMC

[vv181]

Here are 3 safeguards we need from ALL coin listing sites:
1. Verification of token founders and developers via their LinkedIn
~

Okay! But I didn't see your token is being mentioned on the referred Linkedin team member page. How should we verify that the information within the site is legitimate huh?

And what is the purpose of your token since I believe most of your mission does not require a token?

I should tell forum members to beware of buying your token

Well, I rather said anyone should not buy the token

[dbc23]

crypto is just risk and despite we trust our funds on a network we aren't seeing its developers nor have a direct deal with the founders the network has proven to build enough trust amongst members of its community through a peer-to-peer channel gate provided by the blockchain ecosystem but in reality not all project deserve the trust. An open source database network could possibly be more reliable than others. its really risky but at some point nothing under the sun is without risk. The management of this risk should be rather glamoured for

[leaptoken]

Thanks for the responses and feedback.

Our goal is to be a place of trust in the crypto space. We want to create a community of trusted tokens by providing token development and launch services using LEAP as the currency. That way we could verify the team, the their mission/purpose, and that the liquidity and team tokens were locked for more than 6 months before launching these new tokens. We also added a tax in the smart contract on these new tokens that is paid to LEAP so that the success of the community of tokens would also benefit LEAP.

Our path towards building that community is through auditing tokens. This is our service to the crypto community and helps establish LEAP as a place of trust. Yes, this does not require LEAP because we want this information to be freely available to everyone. We will build our reputation of being a place of trust one audit at a time. We hope that as more people start to see the value of our service to the community and believe in our mission, we will earn their support. They will look to LEAP to launch their projects and help us build our community of trusted tokens.

I agree, you should take caution with any token including ours. However, I hope you'll give us a chance to prove ourselves and earn your support.

And yes, that is me on LinkedIn working on this mission. Message me or request to connect and add LEAP in the note. I will verify with a message back.

Thanks again.

[gurunanakji777]

Like this many of my friends in my circle invested in new meme coins and expected they will perform like Shiba but most of them end up in loss hardly they made a profit. Every shiny thing is not Gold So we should always double-check before investing money in any project. We should not think every project will rise and give profit. Lack of due diligence is the primary reason for getting scammed. You point out the right points to consider while buying any coin and about LEAP I never heard from anyone to date so can't comment on it.

[pakhitheboss]

I am not sure if anyone here noticed the contact email address is not self hosted but a gmail one Contact us: leapcryptotoken@gmail.com. According to the roadmap they have completed the phase1. Under that phase they have covered launch of website and one of the most important part of website is having self hosted email address to boost the confidence of visitors. I am not sure what went wrong here.