This is just a bit of a warning on buying coins that look great. I basically made a coin like the squid game coin as it looks great but I can only sell a very small amount at a time.This is the token page on viperswapSo if you head on over to a website called https://tokenJenny.one then you are able to create your own tokens on the Harmony ONE network. It will cost a little ONE in gas to mint the crypto I used https://ift.tt/2SnwKZ8 to make some ROY sent it to MetaMask and then trade that for ONE in https://viperswap.one Done now I have made my first crypto and I add it to ViperSwap so I can add liquidity. With this first crypto I added liquidity in ONE at a 1 to 1 basis then I used 0.01 or 0.001 ONE at a time to buy my crypto for roughly 100 transactions this ups the price a little and so I leave the coin and over about 2 weeks the market brings it up. I sell a little to recover all that had gone to gas and this crashes my crypto to a very low price. Next test is creating coins that add liquidity too each other here's a glimps at them all.6 Different cryptos all given liquidity too each other and given value form the Liquidity in ONE or USDC (two named KWP lol)In doing this I have managed to add about 20 ONE into liquidity of ONE and my KWP coin and now can sell about 250 of KWP at a time, this is what happens when you do sell a littleAs you can see I had a lot of fun creating all of these but none of them really did very well so I then thought well I need to start with a better liquidity ratio so I create notbitcoin I then add 0.0001 to 1 ONE and I buy a few transactions of 0.001 ONE getting less and less NBTC each turn, now I have a value better than I had before so I start to add liquidity from the coins I have made making sure to work out the math on the current values as close as can with a small amount and then bang I add Billions in my own cryptos which soar the Liquidity and the value of the new coin I have made. If I sell any of the coins that I have added this will drop the price dramatically due to me being the only owner. Plus I can only sell about 0.0002 at a time into ONE due to the low amount of liquidity in this coin and even that small sale would crash the value.Its crazy to think this is possible and this just shows you anyone can make crypto and make it look like it has a huge amount of value if I now make sure I buy a little every day and not sell for a few months next year this could be the next doge and will basically follow the market. I could start the trend the not crypto's instead of meme coins. Stay safe all hope this educates you that it really is too easy to make a crypto and just as easy to make one that looks amazing. Hope you all have a great weekend.
Submitted November 27, 2021 at 04:57AM
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