Bless Token Security: BLESS Scan Results
Introduction
The trust score of Bless Token is 85, with a grade of AA, and a scam probability of 15%, with the most significant risk being that the top 10 holders control 90.8% of the supply. It's worth noting that Bless Token is currently trending, drawing attention to its on-chain security.
What the scan found
The scan of Bless Token, which operates on the BNB Chain as a BEP-20 token, found several key points. The token has a trust score of 85 and a trust grade of AA, indicating a relatively high level of security. However, there is a scam probability of 15%. The honeypot signal is false, meaning the contract does not appear to be designed to trap investor funds. There are no taxes on buying or selling, and the contract is not mintable or freezable. The ownership of the contract has been renounced, and the contract source code is verified. The liquidity is $148,113, but none of it is locked, which is a risk factor. There are 6,705 holders, but the top 10 holders control 90.8% of the supply.
What this means for you
For someone considering investing in Bless Token, the high concentration of supply among the top 10 holders is a significant risk factor. This could lead to price manipulation or other negative outcomes. On the other hand, the verified contract source code, lack of mint function, and significant liquidity depth are positive signals. The fact that the ownership has been renounced suggests that the developers do not have direct control over the contract, which can be seen as a positive step towards decentralization.
This analysis is based on automated on-chain analysis and should not be considered as financial advice. For more information on Bless Token, you can view the full live scan. To learn more about token security and how to protect yourself from potential scams, you can refer to the full token security checklist and utilize our free token security scanner to make informed decisions.