First Ledger Documentation
  • 🤔What is First Ledger?
  • 📨First Ledger Set Up
  • 💰Wallet Setup
  • 👜New Wallet
  • ⛓️Linking your social accounts
  • ☝️Funding a New Wallet
  • 📤Importing a wallet
  • Migrating Wallets (TG Mini-App Users)
  • 📈Trading
    • 😄Buying
    • 📈Tracking PnL
    • 📉Selling
  • ⚙️Settings
  • 🧊Slippage
  • 📼Preset Buys
  • ☑️Wallet Encryption
  • 🪙Point System
  • ⛽Fees
  • 👫Referrals
  • 🪙Launching a coin
  • 🧐First Ledger FAQ
    • 1. How do i withdraw XRP from First ledger?
    • 2. What happens if a token I purchased rugs?
    • 3. What does it mean when a project removes liquidity?
    • 4. What does locking or burning liquidity mean?
    • 5. Why am I missing 2 xrp when I'm trading a token?
    • 6. How can I import my First Ledger into another XRPL-supported wallet?
  • 📜Terms and Conditions
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  1. First Ledger FAQ

3. What does it mean when a project removes liquidity?

When a token is first released, the creator puts his own money to make the initial liquidity pool. Once the token is live and people start buying (adding more liquidity to the pool), the token creator removes the liquidity, taking all the money out of the pool.

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Last updated 1 year ago

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