UnRekt: Legal Defence Currency for Communities

Cryptocurrencies provide great investment opportunities but it also poses high risks. Many people have invested in various projects but only a few projects have actually succeeded in delivering a product. What seems a great idea and investment opportunity may turn out to be an outright scam, resulting in a dead coin.

A dead coin refers to a crypto project that has been abandoned, scammed, has no utility, no liquidity, or the developers of the coin have walked away. In other words, the crypto coins, the value of which has become nil and has no future for the revival of the value are dead coins. According to Coinopsy.com, the number of dead coins has risen from 1,949 in April 2021 to 2,380 in December 2021 and is rising every day.

The UnRekt initiative by WACEO AISBL is a decentralized, community-based project that aims to clean up the dead coin market by providing an opportunity to the communities of dead coins to fund the project revival efforts, or to fund litigation actions against the scammers.

Through this initiative, the affected communities would be able to get funding for project revival, fund litigation proceedings against the bad actors that caused the project to die owing to scams, rug pull, fraud or other malicious acts and be able to recoup their money.

UnRekt initiative requires to amass certain threshold to start, and would be launched once the Fund itself would get to a certain value. This will be depend on the situation of the market, and will later be communicated to the Community. The Fund would be used to provide initial support to the community. UnRekt Initiative would be supported by the UnRekt Fund. Website: unrekt.money Twitter: UnRekt Discord: UnRekt Community YouTube: Watch the Video