🦴 Hi, I’m 10, this is the #打狗棒法 series, this issue will teach you intermediate-level techniques!
This is an intermediate chapter on primary market (on-chain) transactions. It introduces how to detect token contracts and points that need attention. Only when you have mastered these can you be considered to have made some progress in the Dog Beating Stick Method!
In the basic principles of the Dog Beating Stick Method, two aggregation platforms (DexTools and AVE) are mentioned, which contain some security information of token contracts, and there are more detection platforms, such as the functions that come with the TP wallet, etc.
10 I will introduce what the specific items mean and my subjective opinions. As for whether you agree or not, it depends on your own judgment of investment risks and potential returns!
🌅 Details:
Token contract permissions have been abandoned:
Since the project party can no longer operate the contract, there is generally no risk. However, it is necessary to pay attention to whether there is a whitelist function. If the project party sets certain addresses as whitelists in advance, there is still a risk, for example, only addresses on the whitelist can sell coins.
For tokens that have given up their permissions, the owner address of the token contract is 0x00000000000000000000000000000000000000000000 or 0x00000000000000000000000000000000000000000dEaD, which is often called a black hole.
Token contract permissions are not waived:
Theoretically, the permissions of MEME tokens should be abandoned because there will be no subsequent empowerment. If the MEME tokens or the Tugou project have not given up their permissions, we'd better give them up as well.
However, some large projects need to retain permissions. For example, they need to retain blacklist functions and extended functions for security reasons.
You can modify the tax rate:
In order to avoid robots running ahead, the opening fee will be very high. If the tax rate is not changed back to the same as the one communicated by the project party after the official opening and the authority is abandoned, then we will not play!
Lock liquidity pool:
Unlocked, give up! Remember to run before unlocking!
Coinage:
MEME or Tugou has this, let’s give up!
Balance can be modified:
If any project has this rule, give up on it!!!
The code is not open source:
It is not in line with the spirit of encryption and the risk is extremely high. Give up! ! !
blacklist:
It is to limit the operation of certain addresses, ok, on demand!
Coin holding ranking:
Generally, most of the coins of MEME and Tugou are in the pool, and a small part is used for operation or used by the project parties themselves, after all, it costs money.
If there are a large number of people holding coins, then it can be considered as insider trading!
At this point, the token contract test is basically completed. The dog-beating stick method is enough to deal with 80% of the dogs. The next issue will introduce advanced mental methods, so stay tuned!!!
If you think 10 is well written, please like, comment, forward and follow. Your support is my greatest motivation. Thank you!!! 🎉
