KOL vs Founder

How to avoid ICO rugs We’ve seen @TroveMarkets & @intodotspace, how do you protect yourself from these? The solution is simple. Don’t participate in self-hosted ICOs. It’s clear these teams reached out to many public sale platforms, but couldn’t pass the DD process. When a sale is hosted on a third-party, you trust that the platform conducted the proper due diligence. If the sale is self-hosted however, it’s essentially up to you as the participant to conduct the due diligence. Most retail realistically don’t have the resources to do that, even if they wanted to. So just stay away. Think. If you love the project, why not just buy on TGE? More importantly, why couldn’t they have hosted with another platform? The third-party platform also clearly standardises all deal terms. Making undisclosed “soft-cap” with unlimited hard-cap situations impossible. If you are a KOL, and being asked to promote a self-hosted ICOs, I think its your duty to be pushing these teams to host third-party sales or not taking the deal since its too risky. Additionally, the legality of these self-hosted no-KYC sales is questionable at best. Doing paid promo of such sales could be considered criminal.