What is Mascot of the Trenches?
Symbol: RUG · Market cap rank: #9626
Short answer
Mascot of the Trenches (RUG) is a cryptocurrency currently ranked #9626 by market capitalisation.
Source: isthiscoinascam.com
Overview
Mascot of the Trenches is a memecoin operating on the Solana blockchain, identified by the token symbol $RUG. It was developed to address the frequent occurrences of rug pulls in the cryptocurrency market. The project's strategy includes utilizing creator rewards for buybacks, aiming to accumulate 20% of the total supply over time, which will be locked until a market cap of $1 billion is reached.
Upon achieving this threshold, the accumulated supply will be burned. The project promotes itself as a representation of resilience within the cryptocurrency community, appealing to those who have endured market volatility. No specific founding year or individual founders are mentioned in the provided description, and details about the governance model are not specified.
Scam-risk analysis
Mascot of the Trenches has a low score, indicating elevated scam risk based on the available data. Is Mascot of the Trenches a scam?
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