$54,484,340 has been lost in #crypto in the past 2 months due to rug pulls.
The irony?
A 5 second scan could have easily prevented this.
I found a tool that can help you spot rug pulls early. π§΅
The irony?
A 5 second scan could have easily prevented this.
I found a tool that can help you spot rug pulls early. π§΅
In this thread Iβll be showing you:
1οΈβ£ What is scanner
2οΈβ£ How scanner works
3οΈβ£ Examining some tokens
4οΈβ£ My final thoughts
1οΈβ£ What is scanner
2οΈβ£ How scanner works
3οΈβ£ Examining some tokens
4οΈβ£ My final thoughts
1οΈβ£ What is scanner
Scanner is a smart contract auditor that can be used to spot red flags in projects.
It can provide a report on contract's safety, high-risk features, liquidity, and token distribution in just a few seconds.
Scanner covers 80 issues, with more to come soon.
Scanner is a smart contract auditor that can be used to spot red flags in projects.
It can provide a report on contract's safety, high-risk features, liquidity, and token distribution in just a few seconds.
Scanner covers 80 issues, with more to come soon.
3οΈβ£ Examining some tokens
Letβs head over to @dexscreener and find some hot tokens to examine. Weβre going analyse 1 token:
$LOVE
A token that just launched and has gone up 1600% in past 48hrs.
After pasting the token address in Scanner, some red flags came up.
Letβs head over to @dexscreener and find some hot tokens to examine. Weβre going analyse 1 token:
$LOVE
A token that just launched and has gone up 1600% in past 48hrs.
After pasting the token address in Scanner, some red flags came up.
π©π©π©
- De.fi score 10/100
- Mintable (A large amount of this token can be minted by a private wallet or contract)
- Blacklisting (Wallets can be blacklisted from being able to transfer, swap or sell this token.)
- Contract deployed less than 14 days ago.
- De.fi score 10/100
- Mintable (A large amount of this token can be minted by a private wallet or contract)
- Blacklisting (Wallets can be blacklisted from being able to transfer, swap or sell this token.)
- Contract deployed less than 14 days ago.
4οΈβ£ My final thoughts
Crypto is very volatile, you have to build your own conviction for a tokenβs use case before investing in it.
Tools like scanner just help you avoid rug pulls and dangerous projects.
This thread was done in collaboration with the @DeDotFi team π€.
Crypto is very volatile, you have to build your own conviction for a tokenβs use case before investing in it.
Tools like scanner just help you avoid rug pulls and dangerous projects.
This thread was done in collaboration with the @DeDotFi team π€.
@DeDotFi I hope this brought value to you. If you gained from it please :
Like, RT & follow for more ππ½
Like, RT & follow for more ππ½
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