3 ms·
1- Gas price, to them its not a significant amount, its a business expense, they profit much more, when the token gets listed on popular lists due to this, whic
by teitoklien 5y ago
1- Gas price, to them its not a significant amount, its a business expense, they profit much more, when the token gets listed on popular lists due to this, which brings up new holders , who pump up the mcap by a lot, as the lp pool on these tokens is very small (only a couple of million dollars, compared to mcap which is way higher)
2- pool on tokens like these are usually only made by the owner themselves, so pool fees goes back to them.
3- They do this to invite new people, and then inflate the token price, and rug them by either pulling the entire lp, or just exit it , in a few mins.
Some also do this, to qualify for potential centralised exchange listing, down the line (instead of rugging).