Rugs.fun is a gamified, blockchain-based trading platform on the Solana network where players use real SOL to buy fake tokens and sell before the token crashes unexpectedly.
Players aim to time the market against a fast-moving algorithm, with each session featuring a fake coin guaranteed to crash, making timing crucial.
Features include rug mechanic where trades are wiped if not sold before the crash, live multipliers for higher rewards, paper trading mode for practice, crates for accumulating volume rewards, and a referral program for earning additional benefits.
Rugs.fun is a skill-based trading game with risk, where the platform earns through a small house edge on trades, and players can play for free using paper trading mode or earn through referrals.