For outsiders, buying BTC is the most radical investment;
For insiders, buying BTC is the most conservative investment;
There are countless opportunities in the currency circle, and there are also many sinkholes. There are zero games, and there are RUGs that are bought.
(The article leaves you with a free bonus at the end)
This article will share some of my personal views on how to analyze primary market token contract addresses. If you know how to read the underlying code, please skip directly.
The token contract address is very important. It can be said that it is directly related to the future prospects of the token. Buying a contract without loopholes will be more reassuring. A contract with hidden doors or risks must not be bought. Just buy it. Meat buns beat dogs. (Friends who don’t know how to check the contract address recommend using the contract checking tool gopluslabs.io to check)
Next, let’s take a look at the “Pixiu risks”:
1. Whether it can be sold normally: It mainly depends on whether the token contract has malicious code, whether it can be sold in full after buying, and whether the permission to modify the maximum purchase and sale quantity has been given up; (Pixiu risk 1)
I encountered a lot of scammers in the Telegram group. The coins they asked to buy kept rising, telling you that if you don’t buy it, it would be too late. As a result, if you buy it, you can’t sell it, or the amount that can be sold is very small and very high.
2. How high is the buying and selling tax rate and whether it can be modified: If the tax rate exceeds 50%, there is a high probability that the transaction will not be possible. It is very dangerous to modify the tax rate. I am afraid that the buying tax rate will be modified and it will not be possible to sell, or the tax rate will be modified for a certain address. Resulting in direct losses; (Pixiu Risk 2)
3. Whether to look for whitelist/blacklist addresses: the existence of these two addresses may result in the inability to trade normally; (Pixiu Risk 3)
The picture below is a screenshot after I tested INUS: INUS contract address, 0 tax rate, no Pixiu risk, very safe!
Next, let’s understand “contract risks”:
1. Whether the contract is open source:
If there is no open source contract, because it is not open and transparent, there may be malicious mechanisms that can directly deceive and escape;
2. Whether all contract rights have been given up:
Addresses that do not give up contract permissions may issue additional tokens to dump the market; use permissions to change the relevant logic of the currency and manipulate prices at will; hide or regain owner permissions to directly control the tokens;
3. Are there risks of external contract calls and gas abuse:
The risk of external calling of the contract is that if the external calling contract is a malicious contract, then the contract address will not be safe.
Gas overloading simply means: the buying and selling process will be much higher than normal gas costs, and the extra gas costs will go into the pockets of the project side.
The picture below shows the risks of the INUS contract I took a screenshot of: the contract has been open sourced, with full permissions and no external calls or gas abuse.
Finally, let’s talk about the issue of “liquidity lock-in”:
Usually we call liquidity providers LP, and the liquidity provided is called the "pool" of this token. Whether the pool is locked and how long it is locked is very important for a primary market token.
Why ❓Because if the pool is not locked, the project can just withdraw from the pool and leave. The coins in your hand will be unable to be sold due to exhaustion of liquidity and become worthless; the pool is locked for a short time, and the project can withdraw from the pool and leave after expiration. .
I encountered this situation when I first entered the currency circle. All rights to a certain token were given up, there was no transaction tax, and there were no contract loopholes. There was liquidity, and the pool was locked. It seemed that the contract was very safe! But the pool has only been locked for a few months. If you buy it, it will fall. After a few months, the pool will expire and you will immediately withdraw it, and you will immediately admit the loss!
INUS's liquidity pool has been locked for 100 years and will not be unlocked until April 20, 2122! There is no risk of withdrawing from the pool, no liquidity risk, you can sell it if you want! Isn’t it a little cool to think about this?
This article shares INUS with you from the perspective of contract address. INUS has no Pixiu risk, no contract risk, 0 tax rate, and the pool has been locked for 100 years. It is very safe and reassuring!
By the way, speaking of contract addresses, the recently popular BRC20 series inscriptions are a more perfect example!
Finally, I suggest you buy some of the Musk family token INUS. I have shared some information about INUS in the previous articles, which is on my homepage. I will continue to analyze more information about INUS in the future.
❤️❤️Zero benefits❤️❤️
Prize: 20x100 million INUS;
Deadline: November 9, 12:00 (UTC+8);
rule:
1. Like + forward this article;
2. Comment "INUS contract is awesome";
3. Leave ERC20 behind.
