Introduction

Trading cryptocurrency is a risky business but has the potential for high rewards. This attracts us investors from all walks of life. But the reality is that only a fraction of investors ends up in profit.

Because this space is unregulated and majority of people remain anonymous, it’s unfortunately a space in which scammers thrive too. Crypto presents a number of characteristics that appeal to scammers. One of its key traits is, in theory, the lack of a middleman. This means that rather than sending money from one person’s account to another, with the banks serving as the shepherd for that transaction, two people can transact directly with each other. The Federal Trade Commission (FTC) found that more than 46,000 consumers reported losing more than $1 billion in crypto between Jan. 1, 2021 and March 31, 2022. And that might be just the tip of the iceberg. In 2021, rug pulls took over $2.8 billion worth of cryptocurrency from victims, according to Chainalysis – accounting for 37% of all cryptocurrency scam revenue in 2021.

The vulnerable victims are usually the new traders. The most important thing to do when beginning to invest in cryptocurrencies is to practice safe trading. Many newcomers overlook this and end up losing most of their investments. However even the most experienced traders have fallen for these scams. Even if you do your homework, there’s no guarantee of success. For example, the founder of Rugdoc.io, a service that reviews new projects, says she wound up getting scammed herself on an NFT that was supposed to be a ticket for an event.

We are a team of 4. We come from varied backgrounds and countries. We have people from development, marketing, and management. We are an international group from USA, France, Egypt, and Australia. We came together with a common goal of making trading safer. We have all made large losses to scams such as rug-pulls. We are fed-up of scammers having an easy pass in this space. Given the large volume of scams, we noted that legitimate projects struggled to gain traction. The general feeling in crypto trading is that it’s a race between the investor and been scammed. Hence traders quickly pull their investment out for small profit. This has caused many legitimate projects to end. We want to make this place safer by empowering the investor. So, scams can be avoided and legitimate projects selected. This has the benefit of

1. Safe trading for investors

2. Transparency for projects so investors can have the confidence to buy and hold.

While it may be tempting to jump into a hyped-up project quickly, there’s a reason a common refrain in the crypto space is to do your own research. It’s extremely important to thoroughly examine the project, its team and blockchain features before deciding whether to invest. The team at TTF want to empower the trader with useful information which can be red flags. We purposely built the BOT to be simple and not bombard the user with information overload. Our goal is to

1. Provide a BOT a trader can use to do their due diligence

2. Provide a BOT to keep monitoring the project

3. Provide a BOT a team can use for transparency.

If a team does not feel comfortable adding the TTF BOT into their telegram. This reluctance for transparency should be considered a red flag.

If you don’t do enough research prior to trading crypto, then you can easily make regrettable decisions leading to huge losses. Luckily, you can avoid all these risks so long as you understand what to look out for. That’s why you need to learn how to stay safe when trading cryptocurrencies.

We recommend using our scan function prior to purchasing any BSC or ETH contracts.

It will provide the user with information such as if it’s a honeypot or if the token is mintable. Not only that, but it will also give basic information such as market-cap (MC), LP, Supply, max trade size, buy and sell tax. It doesn’t end there, the bot will also inform the user about the marketing wallet and it’s balance, all the team wallets and their balances. Also informality on wallets which have been airdropped - number, wallet addresses and number of tokens which were airdropped. Information on the top wallets can also be accessed.

Once a user had purchased a token. We recommend using the monitor function for ongoing transparency.

The bot will notify you when funds are moved out of the marketing wallet or any team wallets. The bot will notify you when taxes are changed or max transaction size changed.

Upcoming features

We will soon be implementing a function where all contract changes can be monitored.

We also plan on adding known wallets such as caller wallets to the BOT, so you can be notified of exactly where funds have been moved. This could potentially give the user an edge to know about a call before it’s made.

The end goal is to integrate safety features into a trading platform for safe trading.

Our overall goal is to make trading safer by empowering the investor with useful information. We know scammers will always come up with new tricks and tactics.

Our BOT should make this space safer for traders and more difficult for scammers