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ID:

neoteric-finance-995

Date:

Status:

Incident Count:

July 27, 2022

Verified

1

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REKT

Contributor:

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web3rekt.com

KYC By:

KYC:

No

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Audit By:

Audits:

None

Loss Amount:

164,364

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Recovered:

-

Rewards:

Currency:

USD, NTRC

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Binance Smart Chain

Assets

Token

Scams

Extended Method:

Rug Pull

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Days in Operation:

14

(0.04 Years)

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Neoteric is a soft fork of the RFI and Liquid on ERC-20. It has essentially the combination token-mechanics of RFI and LIQ, which includes a frictionless Yield Generation(Hold and Earn) and perpetual liquidity meta-market-making mechanism that grows liquidity as more trades are executed.These mechanisms takes 10% tax from every transaction, and using these taxed tokens to distributes among holders and at the same time generate liquidity pool tokens.

Peckshield Alert reported that Neoteric Finance project was rugged with over 660 BNB taken.

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