Will Warren pfp
Will Warren
@wwarren
Which consumer crypto product does the best job identifying and surfacing token security risks? Required details: - website + example screenshot - your level of experience researching / trading tokens - why you find it better than alternative products - what could make it better @bountybot paying 20 USDC each to the top 5 answers
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Freytrades🎩📈 pfp
Freytrades🎩📈
@freymon.eth
website: https://tokensniffer.com/ experience with tokens offer should just be under 6 months as i’ve personally been into web3/defi/crypto for less than a year (10 months to be exact) but i love using it for analysis on safety ever since i got hacked drained last august, a more experienced friend i made on farcaster told me about it and i’ve been using it since then (glad i stumbled upon it). Why TokenSniffer is Better Than Alternatives: 1.)Comprehensive Risk Analysis: - TokenSniffer provides a detailed breakdown of token risks, including contract vulnerabilities, honeypot risks, and ownership centralization. - It flags common red flags like minting functions, blacklists, and transfer fees. -even though it gives warnings like “A token with a high score may still have hidden malicious code.” it’s still trustworthy. User-Friendly Interface: simplicity is best, i didn’t need a guide or anything of the sorts to get to know how to work/use it.
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Freytrades🎩📈 pfp
Freytrades🎩📈
@freymon.eth
3.) Smart Contract Audits: - TokenSniffer scans Ethereum, solana and Binance Smart Chain (BSC) contracts, which are the most commonly exploited chains for scams. - It provides a readability score for the contract code, helping users assess transparency as well as a detailed breakdown of what makes up that score. 4.)Community-Driven Insights: - The platform incorporates community reports and feedback, adding an extra layer of scrutiny. and i saved the best for last, 5.) it’s Free to Use: - Unlike some alternatives, TokenSniffer is completely free, making it accessible to all users. What Could Make It Better: 1. Expand to More Blockchains: - Currently, TokenSniffer focuses on Ethereum and BSC. Adding support for Solana, Polygon, and other popular chains would make it more versatile. 2. Real-Time Monitoring: - Introducing real-time alerts for suspicious activity (e.g., large token movements or contract changes) would enhance its utility.
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