Hive is governed by witnesses which I think helps avoid rug-pulls, but is it the same for second layer tokens? As far as I can tell, anyone can create a second layer token with low cost and ease on Tribaldex. But I don't see where there is any self-regulation on second layer tokens. Once established, can a the issuance of a second layer token be changed? For example, can a small number be created and then a large amount flooded onto the market later on? I have some second layer tokens. I like staking them up. But I don't know if I would invest in any of them.
This question was created on reverio.io, Reverio is a question and answer platform built exclusively for Hive. Answer this question on Reverio by clicking here.