Storage and Custody of Funds

During my early days in this industry, I worked in the centralized exchange LAtoken, that was one of the largest centralized exchanges in the world per number of listed tokens and available trading pairs LATOKEN CEO: In 2021 Crypto Went Mainstream and Token Market Started to Absorb Traditional Capital Markets (yahoo.com) . What really astonished me was the amount of projects we would speak with of those who wanted to list their tokens but couldn’t afford the initial fee to move forward, even more shocking were the reasons behind this. The majority of them would be listed on DEXs already or had raised some funds and were planning on listing straight away on a CEX. Very often, prior to them listing on a CEX, they would have a streak of misfortune leading to major setbacks. For example, those who had already raised some funds would engage with a shady investor who would simply receive tokens then never pay. Others would have their wallets scraped then tokens dumped on DEXs, while even more tragic are those whose trusted team members would modify the code of the project’s native tokens to modify the vesting periods then steal this portion upon the day of the launch, dump them, then disappear with US$500,000T.