Suspicious Tokens
The DeFi space is dynamic, but itβs crucial to remain cautious. Here are some red flags to watch out for:
If you encounter suspicious activity, please report it to our support team using this form. Your vigilance helps keep our community safe!
No or limited information: Be wary of tokens with scant details about the project, team, or tokenomics.
Unknown or inexperienced team: Research the project's team. Lack of transparency or a history of scams is a red flag.
Hidden Fees: Watch for unexpectedly high transaction fees that could erode your profits.
Unequal Token Distribution: Disproportionate allocation to creators could lead to unfair control.
Rug Pull: If creators suddenly withdraw all liquidity, it prevents investors from selling their tokens.
Honey Pot: Contracts designed to trap investors by preventing token sales.
Opaque Token Economics: Projects with unclear or misleading financial models.
Unrelinquished Ownership: If creators retain control over the contract, it poses risks.
Inflatable Supply: Tokens whose supply can be increased without notice, diluting value.
β Always conduct thorough research (DYOR) before investing in any token. Verify the token's contract address, examine its code, and investigate the project's team and roadmap.
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