Pump and dump scheme

Av CoinGecko | Uppdaterades den Mar 03, 2020
A scheme in which the development team (or short-term traders) hypes up a project without fundamental basis in order to pump up the price of the tokens temporarily and then sells their holdings immediately after launch to earn a profit. See the US SEC's investor alert on pump and dump schemes.

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Relaterade termer

Node
Within the blockchain network, the nodes are computers that connect to the network and have an updated copy of the blockchain
Order Book
An electronic list of all buy and sell orders in an exchange
IEO
Initial Exchange Offering (IEO) is a spin-off of Initial Coin Offering (ICO), where the sale of tokens are conducted on an exchange rather than by the coin team themselves.
Block Height
A number that is used to indicated the position of a particular block within a blockchain
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