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A tool for you to check if the coin is a scam or not

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by COINS NEWS 139 Views

A tool for you to check if the coin is a scam or not

It's https://gopluslabs.io/token-security/.

You can check some traits of a contract and see if there are any red flags in it. All you need is the contract number of the coin/token you want to assess. Fetching this number is quite simple:

  1. Go to Coingecko and search for the coin you wan to verify;
  2. Copy the contract number of the token:

https://preview.redd.it/9fi9pxcanuva1.png?2390&format=png&auto=webp&s=b4e112e26331c52694b5d88a018306aa42bafd10

  1. Paste it and check for info. It will show whether you can trust it or not:

https://preview.redd.it/jak37opqnuva1.png?1776&format=png&auto=webp&s=bc8467c1ff90d76bb008abea640e1de4462e2b3e

This is a tool to help investors in detecting scams. Being a tool, it is prone to errors and should be used just as a first glimpse on the contract for non-coders, and not be used as an investment advice. Such warnings are on the site as well.

For shady tokens (e.g. not the one used in previous pictures), it returns some items such as below:

https://preview.redd.it/azsh2pf7ouva1.png?746&format=png&auto=webp&s=88f4d49987576114084a21aeb7adc4dc94c5ceb9

Hope you people can use it to help you on your investment decisions.

submitted by /u/reddito321
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