(Above image retrieved from a KCC Token channel)
Hey Apes and Ape-ettes; we're working on our KCC Ape play for you, but in the meantime - please do be wary of the amount of rugpulls happening on there at the moment.
New networks with high transfer speeds and incredibly low gas costs make for zero-risk rug opportunities for malicious actors. As a quick guide;
1) There is no (trusted) LP Lockup service available yet on KCC. Ask for proof of LP burn, and check the TX. Make sure the LP burned matches the LP generated.
2) Yield Farms are incredibly common to see as the first rugs on a new network. There's an incredibly high demand for them - and a malicious actor can steal your "good" tokens to dump into a trusted, and full liquidity pool.
3) Do not trust any token claiming they're audited - ask for links at a minimum. No token can possibly be audited by a group such as Certik or Obelisk, given how new the network is.
Stay safe, Apes.
