There are so many coins, that yours will not even be visible for more than a second on the "new tokens page". The website is also filled with trading bots that will pump and dump on your coin whenever they have the chance.
Yes. FSA strong regulator. Pump Fun bans UK users from accessing the platform after FSA warning
As far as I understand it correctly, pump.fun themselves have restricted access by geolocation. Which, of course, always gives an opportunity to use vpn. Interesting. They were warned for not indicating the possibility of fraudulent actions on the site. To which the platform, instead of indicating it, simply decided to block the country. So it's much more profitable for them.
Pump.fun isn't the first platform to use geo-blocking to dodge regulations. It's a common tactic, especially when dealing with regions that have strict crypto regulations. But let's be real, plenty of US users access platforms that are supposed to be off-limits to them. Crypto platforms have a funny way of bending the rules when it suits them
And this is where it becomes quite difficult to determine (although, of course, what could be difficult?) whether you are working with scammers or honest guys. Usually, such companies that use workarounds can become a scam sooner or later. That's my guess.
You're not wrong. It's tough to tell who's legit and who's gonna rug pull you. Even in the top 10 cryptos, you've got at least four projects with devs who've been in trouble with the law. One even did jail time for scams. And let’s be real, the entire GameFi scene is basically a pyramid scheme. Memecoins? That’s a billion-dollar rug pull waiting to happen. Heck, even betting on elections on Polymarket wasn’t scam-free. So yeah, navigating this space is like walking through a minefield.
well
You've described the situation quite accurately. But we simply have to do this if we want to earn something. And that is why many people simply cannot hold their positions for long, for fear that they may be about to crumble.
I think crypto's gonna tank not because of dev scams, but because of government intervention. Once the US starts dropping regulations and laws, that's game over. Look at South Korea back in 2017 – they were trading Bitcoin for more in KRW than USD for a while. Then they started passing laws, and boom, the 2018 crypto winter hit. I'm betting they had something to do with it.
i can help you on that if you give me some of your supply lol
Government ... These are the people who first and foremost care about their people, not their pockets. They can't let everyone have a good time. If they have power, they can make a lot of trouble.
