Don't trade blind. 'Audit Scan' is your personal checklist for token safety. Supercharge your due-diligence workflow at a glance 🧵
The Audit Scan tab lives on the DEXTools dashboard for every listed token. It gives you instant insight into its onchain security risks, like a quick health check. Read on for a brief intro to what Audit Scan helps you understand about a token 👇
1) Contract Verified ✅ Is the contract code public and checked? If not, it's a huge red flag. Transparency matters onchain.
2) Honeypot 🍯 This one's critical. A "honeypot" means you can buy, but you can't sell. Audit Scan spots these traps so you avoid getting stuck.
3) Buy/Sell Tax 💸 Hidden taxes eat your profits. Audit Scan helps you see exactly what percentage you'll pay on buys and sells upfront. No more surprises.
4) Mintable 🧱 If a token is mintable, more coins can be created out of thin air. This can dilute your holdings fast. Audit Scan helps you steer clear of this risk.
5) Transfer Pausable/Freezable ⏸️ If transfers can be paused or frozen, the owner has too much control. They can "soft rug" by arbitrarily taking away your freedom to move your tokens. Audit Scan helps you spot this from a mile out.
6) Scam Risk 🚨 We've developed proprietary methods over the years to identify potential fakes or outright scams, keeping you out of harm's way. Audit Scan uses these methods to flag general scam risks and identify if you're looking at a real or fake token.
Want to trade confidently with clear data? Integrate Audit Scan into your due-diligence process. Master risk, master DeFi. That's the DEXTools difference. 🔗
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