A scam tactic perpetrated against crypto traders and investors, that results in all investment funds disappearing without a trace. The scam usually takes the shape of scammers setting up a brand new coin that promises instant gains or too-good-to-be-true scenarios. Once the coin is made public, the scammers drum up attention on social media and chat rooms, in hopes of enticing investors to buy the cryptocurrency of the project. The fraud materializes when the founders of the coin disappear without notice, taking all investor funds with them.
In the meantime, stay tuned for details about the Evmos Token economics as well as exciting partners that we are bringing to support the network’s growth. The end goal of Evmos is to bring together the Cosmos and Ethereum community and thus the Rektdrop has been designed to reward past participation in both networks under this theme of “getting rekt”. Jager is a unit of measurement which represents a fraction of the cryptocurrency BNB . Rekt project aims to bring the trading tools available to central exchanges to decentralized exchanges. The first product being the UnRekt Application which allows limit trading on decentralized exchanges.
But, the oldest use of the slang is perhaps the one originally found in British English, where rekt was used when referring to a person that got too drunk or messed up. To check Rekt’s price live in the fiat currency of your choice, you can use Crypto.com’s converter feature in the top-right corner of this page. If you are new to crypto, use the Crypto.com University and our Help Center to learn how to start buying Bitcoin, Ethereum, and other cryptocurrencies.
Available supply or circulating supply is the best approximation of coins or tokens in circulation and publicly available. A Token is a digital asset that operates on a parent blockchain or on another digital asset’s blockchain because it doesn’t have a blockchain of its own. The term “token” also tends to describe almost all other cryptocurrencies other than Bitcoin coin market cap kishu inu and Ethereum, the two largest cryptocurrencies in existence today. Originally the term was used in the gaming community to refer to a player who had been embarrassingly or easily defeated in a game. The Rekt price page is just one in Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies.
There will only be 100,000 REKT Tokens in existence and each time a token is transferred 1% of the transaction is destroyed. Bear markets offer easy opportunities to market manipulators, who find it easier to move prices when liquidity is low. Lending protocol Moola Market is the latest to fall victim to a “highly profitable trading strategy”, and the first CELO protocol on the rekt.news leaderboard (#63). Please also note that data relating to the above-mentioned cryptocurrency presented here are based on third party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under Binance’s control.
Beincrypto.com needs to review the security of your connection before proceeding. The more actions you have completed, the more tokens you are eligible for. Please note that we haven’t finalized the exact weights for each category. Weights are being tuned to ensure fair distributions for the network. We will be releasing our reproducible process as part of maximizing the integrity of the Rektdrop and to share a guide for the community. A hot wallet is a crypto wallet that secures crypto private keys within an interface that is connected to the internet.
In such a scenario, we may say that the token got rekt, which resulted in Bob and all bagholders getting rekt as well. In the world of blockchain and cryptocurrencies, rekt is used to describe a severe financial loss, caused by a bad trade or investment. To illustrate, let’s suppose Alice is trading on margin and opens a big leveraged long position. If the market goes down and she gets liquidated, we may say “Alice got rekt.” So, rekt is often used to describe someone that got liquidated after losing a high-leveraged trade.
The fully diluted market value is referring to a cryptocurrency’s market cap when/if its total supply is issued. The market capitalization of a cryptocurrency is its current price multiplied by its circulating supply . The term “rekt” is derived from “wrecked” and can have different meanings depending on the context. For cryptocurrency trades, it describes a sudden and severe financial loss.
The NEAR-based token launchpad had its treasury drained of approximately $3.2M. On Friday, Raydium, a Solana-based AMM, lost a total of $4.4M in fees from its liquidity pools. Refers to the action of purchasing an asset while it is rapidly declining in price under the expectation th… Within the online gaming community, the term rekt is usually describing a player that was defeated in an embarrassing or silly way.
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