Shilling

📝 Definition:

Shilling means hyping up a cryptocurrency, project, or token to get something out of it yourself.

Often to make money.

This can include exaggerating or giving false info to make the crypto look more valuable.

🔑 Key Features:

1. Promotion: Actively talking about and promoting a crypto asset.
2. Personal Benefit: Doing it to make money or get other rewards.
3. Exaggeration: Making the crypto sound better than it really is.
4. False Info: Sometimes using lies or hiding important things to attract people.

⚙️ How It Works:

1. Identify Asset: Find a crypto you want to promote.
2. Promote Actively: Talk about it on social media, forums, or other places.
3. Attract Investors: Get more people interested get the price to go up.
4. Sell at Profit: Once the price goes up, sell your crypto for a profit.

💡 Applications:

1. Social Media Campaigns: Using platforms like 𝕏 to hype up a crypto asset.
2. Forums and Groups: Promoting in online communities to gain more attention.
3. Misleading Marketing: Using exaggerated claims to get people to invest.

🔍 Example:

Imagine a salesperson who overhypes a product to get more people to buy it.

In the crypto world, shilling is similar, where someone hypes up a crypto asset to make it seem more valuable than it is.