Welcome to a preview of HyperDeflate’s Doxxlocker
Doxxlocker will serve as a multifunctional resource for BSC investors, acting as a repository for historical nefarious activity, and as a centralized space for basic information where new and seasoned investors alike, can learn and decrease their likelihood of being scammed.
The following definition examples, provide an early insight into the compilation structure of information, which will be contained on the Doxxlocker platform. A first taste, if you will. The example information will be free to the public, whether they hold HDFL tokens, or not. Further iterations of Doxxlocker will include web3 capability, where only holders of Doxxlocker will have access to advanced information.
When the Doxxlocker platform is launched, advertising for legitimate projects will be available and payable only in HDFL tokens, making the HDFL ecosystem one that is revenue generating and self-sustaining.
Preview into Doxxlocker Website
Airdrop: When tokens are sent to a wallet address without being purchased.
Audit: A third-party provider, reviews the smart-contract in question and provides positives/negatives in the form of an audit document.
Binance: Binance is a Cayman Islands-domiciled cryptocurrency exchange that provides a platform for trading various cryptocurrencies founded in 2017. As of April 2021, Binance was the largest cryptocurrency exchange in the world in terms of trading volume. You can read more about Binance at https://www.binance.com/en
BNB: BNB is the Binance token utilized to pay for fees and exchanges on the Binance ecosystem. BNB has an all-time high value of approximately $690. Read more about BNB on Binance’s website, at https://www.binance.com/en/bnb
Bogged: Bogged Finance is a popular set of tools available for BSC projects. More can be read about Bogged at https://bogged.finance
BSC: The Binance Smart Chain. Read more about the Binance Smart Chain, at https://academy.binance.com/en/articles/an-introduction-to-binance-smart-chain-bsc
BTC: Short form for Bitcoin. Bitcoin is the largest cryptocurrency globally. Read more about Bitcoin, including their white paper, at https://bitcoin.org/en/
CEX: Centralized exchange.
DEX: Decentralized exchange.
Coinhunt: coinhunt.cc is a popular token searching platform, where potential investors can review basic information about a project.
Consolidation: This is typically reference to a project trading at a point between two levels. A "consolidation phase" in cryptocurrency trading, typically refers to a period of trading, where there is no large volume of either purchases, or sales, after a run-up pattern and retrace.
Contract Renounced: The ownership of the contract in question is no longer held by the contract creator. Functions of the code which can be utilized to “scam” investors, cannot be accessed when a contract is renounced.
Dapp: Decentralized application, that is run through a distributed computing system.
Dox(ing): To dox(x) oneself refers to a project owner making their identity public knowledge. In theory, not always practice, a developer who has provided sufficient dox material/support, is less likely to “scam” a project.
DYOR: Do your own research.
Fiat: A government issued currency, which is not backed by another asset, such as gold.
FOMO: Fear of missing out.
FUD: Fear, uncertainty and doubt. FUD can be both intentionally and unintentional.
Honey Pot: A contract where you can purchase the token in question, but not sell.
KYC: Know your customer. This is the verification process for providers, such as Binance, to confirm the identity of their users.
Liquidity: The funds held by the token you are trading. Liquidity increases and decreases with each buy and sell of the token.
Liquidity Lock: When liquidity is locked, the contract owner does not have access to pull the pooled trading funds, until the end of the lock period. If liquidity is unlocked, investors typically consider the project unsafe, as all funds can be taken from the project at anytime.
Metamask: A popular wallet for BSC projects. Read more about Metamask at https://metamask.io
Mint Function: A mint function is a (typically) nefarious piece of code, which allows developers to create new tokens for free, after launch. When these tokens are created, the developer can sell-off for the entire liquidity pool, taking money from investors.
Pancakeswap: A smaller exchange, where investors transact, in order to buy BSC projects. You can read more about Pancakeswap at https://academy.binance.com/en/articles/a-guide-to-pancakeswap
Poocoin: A popular charting service, with various tools available for users.
Presale: A sale that occurs prior to the project being activated on an exchange platform.
Rug Pull: There are various styles of rug pulls. A rug pull is where the developer of a project, intentionally removes value from the liquidity pool and leaving investors with a small fraction of their investment, or nothing.
Slow Rug: When a developer funds themselves with tokens of the project, for no cost. As liquidity is added through transactions occurring, the developer will sell off these tokens, to take project funds from investors
Stablecoin: A cryptocurrency that is designed to be pegged to another asset, such as fiat
Trust Wallet: A popular wallet for BSC projects. Read more about Trust Wallet at https://trustwallet.com
White Paper: A document outlining the purpose, roadmap and overview of a project. Historically, the purpose of a white paper ranges and can be read about more at https://en.m.wikipedia.org/wiki/White_paper