🔒 Anti-Rug - Virtuals by Fred
Understand what Anti-Rug is, how it works and how to protect yourself.
Your safety net against sudden token crashes! Fred saves many users money every day 🤖🔥
What is Anti-Rug Protection?
Anti-Rug Protection is a security feature designed to safeguard users from "rug pulls," a type of scam where developers abandon a token project, taking investors' funds and leaving them with worthless tokens. These scams often happen suddenly, leaving users with no time to react.
Why Do Rug Pulls Happen?
Lack of transparency: Unscrupulous developers hide intentions behind the project.
Centralized liquidity: Developers control most of the token’s liquidity pool.
Hype over fundamentals: Users invest based on social media buzz rather than solid research.
How Fred Bot Protects You
Fred Bot’s Anti-Rug Protection uses smart tracking to help you before it’s too late:
Real-Time Monitoring
Detect unusual activity in token contracts.
Insights about the token’s developer.
Auto-sell your holdings before the dev approves the token for sale or transfers the balance to another wallet.
Token-Specific Protection
Each monitored token is isolated to ensure precise and secure tracking.
Each user can manage the activation and deactivation of Anti-Rug Protection for specific tokens, providing full flexibility.
This feature is available for Fun Agents.
Limitations
Anti-Rug Protection is currently in its Beta Stage and only available to $Fred token holders.
Protection may not guarantee full avoidance of losses if the rug pull happens extremely quickly.
Requirements:
You need to hold at least 1,000,000 $Fred token in your bot wallet to activate the feature. (These values are subject to change).
To activate Anti-Rug Protection for a specific token, your balance for that token must be greater than zero.
Anti-Rug Priority Access
Holders of $FRED tokens gain exclusive access to the Anti-Rug Protection Service, the service prioritizes users based on the number of $FRED tokens held, with three priority levels:
Priority Level 1: Holders with 10,000,000 $FRED or more enjoy top-tier access, ensuring the fastest response and automatic Anti-Rug activation, ensuring maximum protection during potential rug-pull scenarios.
Priority Level 2: Holders with 5,000,000 to 9,999,999 $FRED receive high-priority service, guaranteeing swift intervention and robust security.
Priority Level 3: Holders with 1,000,000 to 4,999,999 $FRED are granted standard priority access, offering reliable protection and proactive measures.
How to Use Anti-Rug Protection:
If you have Priority Level 1, you can enable automatic Anti-Rug protection through the /agent menu.
This means that every time you buy a fun agent, Anti-Rug will be automatically activated ✅
For Priority Levels 2 and 3, Anti-Rug must be activated manually for each token.
After buy a fun agent, click on the Anti-Rug option to activate it.
Use the insights provided to act swiftly, stay vigilant.
Fred will auto-sell all your balance if owner approve the token for sale or a suspicious transfer.
If you sell your entire balance of a token and later buy it again, you will need to reactivate Anti-Rug for that token.
You’ll receive a detailed log message containing all the information about the auto-sell transaction.
Important Notes
Make sure you have enough ETH in your wallet to cover gas fees as a priority when using Anti-Rug Protection.
It is necessary to control the anti-rug by token in the initial phase, because if there are many active users for the same token, early users may benefit while later users could be adversely affected!
Anti-Rug Protection is a tool to assist you in identifying potential risks. It cannot replace your responsibility to do your own research (DYOR) and exercise caution while trading.
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