> For the complete documentation index, see [llms.txt](https://dogeboy.gitbook.io/dogeboy-whitepaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://dogeboy.gitbook.io/dogeboy-whitepaper/problem-statement.md).

# Problem Statement

Even though Meme coins attract a large number of investors, unfortunately most of these projects turn out to be Scams or Rug Pulls.

A “Scam” refers to deceptive practices where the creators of the meme coin may have no intention of delivering on their promises, potentially resulting in financial losses for investors. A "Rug Pull" refers to a situation where the creators of a meme coin suddenly abandon the project, taking a large portion of the invested funds with them. This often happens after the coin's value has surged, and investors are left with significant losses

<figure><img src="/files/gR6FwvUDxIHSM2bnPYe4" alt=""><figcaption></figcaption></figure>