Protect Your Gecko

Taxidermied Ornament

For storage of cherished and valued digital assets such as Galactic Geckos, we highly recommend the use of a cold wallet such as a Ledger Nano S or X, which offer the pinnacle of protection against accidental loss or theft. Cold wallets get their name (versus hot wallets) from the fact that they are not connected to the internet, but instead securely store your assets offline.

To be able to move any digital asset out of a cold wallet, the wallet must be physically connected to a computer via USB, and all transactions must be physically confirmed via a password and approval on the device itself. Cold wallets easily sync with your usual web3 wallet of choice (Phantom, etc.), so your assets are always viewable through your wallet, but remain unexposed to any malicious traffic.

For the purposes of trading and/or listing digital assets, many users prefer moving them to a hot wallet for ease of use and mobile compatibility.

When minting and otherwise connecting with a new and possibly less-trustworthy site, it is recommended to create a new wallet address within your hot wallet. This is often referred to as a “burner”, because it is not an address you use for storing any valued digital assets, or for storing more SOL than is required for the transaction you intend to make.

We recommend you complete your transaction, move your newly minted asset to a cold wallet, and revoke permissions for that site. This keeps your assets walled off from any potentially malicious code.

In keeping with a healthy amount of skepticism for things that appear “too good to be true”, it pays to be savvy around digital assets; the relative anonymity of this space is a double-edged sword, and there will always be some who desire to take advantage of less-seasoned Web3 explorers.

The most frequent destination for scammers and con-artists tends to be Discord. In light of this fact, we recommend to keep your DMs closed, never to conduct OTC trades that cannot be verified (such as off-exchange, peer-to-peer trades not using trusted networks such as FoxySwap or Yawww), and never to send any digital assets to any unknown entities.

Example of Scam NFT:

In general, by adhering to the above guidelines, you can protect yourself from 99% of the pitfalls from a new, emergent financial technology. Healthy skepticism, a cold wallet, and burner wallet use for minting are considered the standard for protecting your digital assets. If you are ever in doubt, feel free to reach out to your fellow Geckos in the community.

Many of us are crypto-natives, and have been around long enough to help spot anything that might seem out of the ordinary. Be cautious, ask questions, and you're likely to have many years of enjoyment scam-free.

We also highly recommend the use of 2FA (two-factor authentication) for social media accounts, Discord, centralized exchanges, and any other place in which 2FA is offered and your data is important.

Discord security is of utmost importance to the team, but it should be stated that you should probably disable direct messages, never click links sent by anyone unknown, avoid scanning QR codes, and generally remain vigilant in your personal security — especially where valued assets are involved.