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      "author": "pardonx",
      "permlink": "the-mission-to-save-uniswap-from-rug-pulls-has-begun",
      "title": "The Mission to Save Uniswap From Rug-pulls Has Begun",
      "body": "Despite the great opportunities that [Uniswap](https://uniswap.org/) is providing for smaller blockchain projects by getting them access to much-needed liquidity, there is still one big problem that is plaguing the platform. Rug-pulls. A rug-pull is the name given to a scam where someone will host a project on a liquidity platform and once they have gained investment that they deem to be adequate, they will then cash-in their own liquidity and tank the value of the project, losing investors a lot of money.\n\nMany people have noticed these issues and as a result of this, the mission to save Uniswap from the plague of rug-pulls has begun.\n\n## HatchDAO\n\nA real and recent example of this type of scam can be found in the [HatchDAO Incident](https://www.reddit.com/r/CryptoMoonShots/comments/iwo6mw/hatchdao_hatch/) that occurred on [TrustSwap](https://trustswap.org/). This incident occurred when a developer behind Hatch created two million new tokens within the ecosystem and then sold them within a week of using TrustSwap’s services. For reference, the token was once valued at $5.80 per token on September 19th, 2020 and then when the scam occurred on the 26th of September, the token was virtually worthless.\n\nTrustSwap gained a lot of flak for this incident as they had assured customers that the HatchDao offering was safe, and then, later on, failed to accept responsibility for the scam, claiming their systems worked “exactly as they should”.\n\nIt would be ideal if the HatchDAO incident was simply an isolated case, however, this is not true. In the same month, on the 10th of September 2020, Yfdexf.Finance, a liquidity mining pool defrauded investors of [$20 Million](https://kryptomoney.com/defi-exit-scam-yfdexf-finance-disappears-with-20-billion/) of locked liquidity. This simply cannot be allowed to continue.\n\nOne proposed fix to the problem has been to introduce tougher legislation in the sector, which has been [supported](https://eng.ambcrypto.com/hatchdao-scammers-pull-liquidity-as-defi-faces-another-setback/) by Kristi Swartz of [Swartz, Binnersley & Associates](https://www.swartzbinnersley.com/), however, introducing regulation can take a long time and a solution is needed now. Investors need to look to other businesses for the solution.\n\n## The Solution\n**Presale Locked Liquidity**\n\nAs can be seen in the last section, there is an epidemic of rug-pull scams appearing on every liquidity platform and something needs to be done to stop investors from being conned out of their money, thankfully a solution is on the horizon in the form of [LID Protocol](https://lid.sh/). LID Protocol utilizes its platform to lock the liquidity of a token that goes through pre-launch with them. This means that the owner of the project cannot pull their liquidity in a way that will con investors out of their money.\n\nThe system works by depositing the liquidity allocation into the Uniswap liquidity trustlessly when certain targets are hit with regards to fundraising, where the tokens are then automatically burned. This means that the liquidity is permanently locked. Furthermore, any token allocation that is above 5% has to be placed into a [time-release smart contract](https://medium.com/@LIDProtocol/lid-protocol-will-make-defi-safer-9fd9cbfb272a); for example, staking rewards, DAO allocations, and Team token allocations.\n\nThere is a benefit to projects from this as well, as they are more likely to get investment if the investors know they are legitimate. \n\n**LIFTOFF**\n\nLID Protocol has also gone further in its combat of rug-pull scams with their new product, LIFTOFF, which is going to be an automated approach to fixing the problem that will also help smaller startup projects to gain the much-needed investment to make their idea a reality.\n\nFirstly, [LIFTOFF](https://medium.com/@LIDProtocol/introducing-liftoff-finance-from-lid-protocol-c62f8b13b413) will automatically and permanently lock the liquidity of a token, which completely eliminates the possibility of a rug-pull scam occurring. This will be facilitated through the use of time-locking and permanently locking smart contracts. To further assist with keeping investors safe token audits will be required in the event that they are not using ERC20 contracts. This product itself will cater to startups raising up to 500 ETH as a hard cap.\n\nThis product represents a grand step forward in making sure that rug pull scams\n\n## Conclusion\n\nRug-pull scams are threatening to destroy the trust of investors in liquidity platforms like Uniswap, that are doing great work by allowing small projects to gain the investment that they need to make their ideas a reality. Seemingly the common-sense answer would be to regulate activities relating to their services, however, this presents its own set of problems and a solution may not come along for a long time.\n\nThe answer to the problem of rug-pull scams has been found in technology, which can protect investors and small projects without damaging the ecosystem with restrictive legislation that could genuinely do more harm than good in the long-term.",
      "json_metadata": "{\"tags\":[\"crypto\",\"bitcoin\",\"cryptocurrency\",\"defi\"],\"links\":[\"https://uniswap.org/\",\"https://www.reddit.com/r/CryptoMoonShots/comments/iwo6mw/hatchdao_hatch/\",\"https://trustswap.org/\",\"https://kryptomoney.com/defi-exit-scam-yfdexf-finance-disappears-with-20-billion/\",\"https://eng.ambcrypto.com/hatchdao-scammers-pull-liquidity-as-defi-faces-another-setback/\",\"https://www.swartzbinnersley.com/\",\"https://lid.sh/\",\"https://medium.com/@LIDProtocol/lid-protocol-will-make-defi-safer-9fd9cbfb272a\",\"https://medium.com/@LIDProtocol/introducing-liftoff-finance-from-lid-protocol-c62f8b13b413\"],\"app\":\"steemit/0.2\",\"format\":\"markdown\"}"
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      "amount": "0.001 STEEM",
      "memo": "⚠️ Please be careful with any website or discord link that you receive from other users, those are mostly phishing attempts."
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      "amount": "0.001 STEEM",
      "memo": "❗ Hello pardonx, great that you are using the STEEM blockchain. The Executive Board hereby invites you to https://discord.gg/KyBbmhh where you will get some insider infos on how you will earn the most coins. It's easy, just follow the instructions. Warm regards, The Executive Board."
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      "memo": "🚀 Your Best Social Blockchain Companion, promoting all your upcoming posts 24/24. Subscribe and we do it all for you. checkout http://beemengine.live  for only 1 STEEM a month to @beemengine with memo: subscribe"
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      "parent_permlink": "network",
      "author": "pardonx",
      "permlink": "three-hacks-to-keep-your-network-secured",
      "title": "Three Hacks to Keep Your Network Secured",
      "body": "With the industry flooded with devices, servers, and remote networks, companies are at the risk of exposing their organizational data to hackers and intruders. What's more intriguing is the interconnectivity between these networks that act as the entry point of the hackers. And this is why cybersecurity stands as an important topic of discussion among the top leaders today. \n\nThough there isn't any fail-proof solution that would prevent cent-percent fallout of cyber breach. However, there are a few practices that would help mitigate the risk and strong-arm the business against potential attacks.\n\nWithout much ado, let's see the top 3 hacks that will help keep the organization secured.\n\n**Three Security Tips for a Secured Enterprise**\n\n*1 - Have a strong password*\n\nOften we are so much riddled in the complicated technologies that we tend to overlook the small yet important ones. What this indicates is the need to have a strong and hack-proof password. There are certain strategies that help create a good password, one that is not easy to be guessed. \n\n[The standard policy](https://blog.devolutions.net/2018/02/top-10-password-policies-and-best-practices-for-system-administrators) states that a password must have a minimum of eight characters. Also, it should be a combination of small and upper case letters, numbers, and a special character. Though most of us do follow this we tend to make a mistake here. Keeping the password same for all portals. It is important to have separate passwords to secure the overall infrastructure. Also, regularly changing the password is important with respect to security terms.\n\n*2 - Adhere to Device Deployment Protocols*\n\nEvery organization has policies and rules that define its infrastructure. Adhering to these is a must when installing devices or software. It is necessary that all deployments are made under the guidance of the IT department. This will help reduce the footprint of hackers making their way through services (though installed) that do fall under the IT policy.\n\n*3 - Regular Updates* \n\nAnother important practice is to keep the entire infrastructure secured. This implies that every software, hardware, or firmware should be updated. Also, the ones that are no longer in use have to be removed so as to close security gaps and secure the overall ecosystem. \n\n**Importance of network security**\n\nWondering whether your organization needs to adopt such practices?\n\nAccording to a [survey](https://hostingtribunal.com/blog/hacking-statistics/), every 39 seconds, a hacker intrudes into a system. Now, this is something that will convince you to fine-tune your industrial practices and have a security strategy devised. \n\n***Introducing SASE: The Robust Security Tool for Enterprises & Organizations***\n\nWhere manual practices seem to be top-notch, they still leave room for improvement and this is where the importance of the [SASE Security Model](https://www.perimeter81.com/solutions/sase) peeps in. \n\nAs a unified model, SASE integrates both security and network within the same head. This helps organizations to have a consolidated view of their enterprise and make better decisions. SASE is a cloud-based solution and eliminates the need for any additional hardware/software. \n\nTeams across the organization can remotely connect and adopt measures to secure their end network. The model follows agile strategies to transform the way one embeds network security. Features offered by the platform include firewall as a service, cloud management, endpoint security, DNS security, and cloud sandboxing.\n\nAll these features are tailor-made to increase enterprise security while offering a holistic view of the system.\n\n**Conclusion** \n\nNetwork security is one thing that isn't going to die out anytime in the future. It is, in fact, a topic that would only gain traction. It is important to stay at par with the industry trends, modify business policies, and adapt to the changing times. Considering this, embracing the SASE model will help you stay ahead of others creating a difference.",
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      "author": "steemitboard",
      "permlink": "steemitboard-notify-pardonx-20190906t124738000z",
      "title": "",
      "body": "Congratulations @pardonx! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@pardonx/birthday1.png</td><td>Happy Birthday! - You are on the Steem blockchain for 1 year!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@pardonx) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=pardonx)_</sub>\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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      "body": "<em>Even though most of \nThese points are obvious it \nWas a nice read. Thanks. \n</em>\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>- pardonx</sup>\n\n---\n<sup><sup><em>I'm a bot. I detect haiku.</em></sup></sup>",
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      "body": "Even though most of these points are obvious it was a nice read. \nThanks.",
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      "body": "The whole stability thing is correct, people need bitcoin to have some sort of \"when sending stability protocol\" on another layer maybe.",
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      "body": "I've actually used it for the past month and it helped my website rank up a bit, the site realy improves the SEO and even better, it helps understand how to improve, recommended for website owners!!",
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      "title": "",
      "body": "Dunno about all the others but with Lattesso they have a big formal partnership.",
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