On-chain investment security guide: Identification and response to risky tokens

With the craze of Web3.0, meme coin has become a new hot spot for on-chain investment, and everyone is attracted by its charm. But this also gives some bad guys an opportunity. They use the name of meme coin to design some extremely risky tokens to defraud money. These tokens may have many pitfalls, such as the issuer can issue unlimited additional tokens, it is difficult to sell them after buying, and even maliciously set buying and selling permissions. Once you buy them by mistake, your money may be wasted.

In order to protect everyone's wallet, it is very important to identify and prevent these risky tokens. Now, with the GoPlus Security API and real on-chain data, we can analyze which tokens are high-risk and remind everyone in time. I hope that while pursuing investment returns, everyone should also be more careful and not be deceived by these scammers.