CoW Protocol Token Security Scan
Introduction
The CoW Protocol Token has a trust score of 70, grade A, and a scam probability of 30%, with the contract being mintable posing a significant risk, notably the top 10 holders control 72.0% of supply. It's currently trending, drawing attention from potential investors.
What the scan found
The scan of the CoW Protocol Token, which operates on the Ethereum blockchain as an ERC-20 token, revealed several key points. The token has a trust score of 70 and a trust grade of A, indicating a relatively high level of trustworthiness. However, there is a 30% scam probability, which is a significant risk factor. The contract does not have a honeypot signal, and there are no buy or sell taxes. The contract is mintable, which means new tokens can be created, but it is not freezable. The ownership of the contract has been renounced, and the contract source code is verified. The token has a liquidity of $202,888, but none of this liquidity is locked. There are 7,241 holders of the token, but the top 10 holders control 72% of the supply.
What this means for you
For someone considering investing in the CoW Protocol Token, the findings of the scan are crucial. The high trust score and verified contract source code are positive signals, indicating a level of transparency and security. However, the mintable contract and the high concentration of token ownership among the top 10 holders pose significant risks. The lack of locked liquidity also raises concerns about the token's market stability. It's essential to weigh these factors carefully and consider the full token security checklist before making any investment decisions.
This analysis is based on automated on-chain analysis and should not be considered as financial advice. For the most up-to-date information, please refer to the full live scan of the CoW Protocol Token. You can also use our free scanner tool to check the security of other tokens.