Is ATOM Safe? Cosmos Token Security Scan
Introduction
The Cosmos Token has a trust score of 90, a trust grade of AAA, a scam probability of 10%, and its contract is mintable, posing a supply inflation risk, with the most significant concern being the contract's ability to mint new tokens.
What the scan found
The on-chain security scan of the Cosmos Token, which is currently trending, found several key points. The token has a trust score of 90 and a trust grade of AAA, indicating a high level of security. However, the scam probability is 10%, and the contract is mintable, which means new tokens can be created, potentially leading to supply inflation. The honeypot signal is false, indicating that the contract is not designed to trap investors. There are no buy or sell taxes, and the contract is not freezable. The ownership of the contract has been renounced, and the contract source code is verified. The token has a relatively low liquidity of $17,968, with 0% of tracked liquidity locked. The holder count is 73,629, with the top 10 holders owning 43.7% of the tokens.
What this means for you
Considering the findings, potential investors should be aware of the risks associated with the Cosmos Token. The mintable contract poses a risk of supply inflation, which could negatively impact the token's value. Additionally, the low liquidity and lack of locked liquidity are concerns. However, the verified contract source code, reasonable holder distribution, and large number of holders are positive signals. It is essential to carefully evaluate these factors before making any investment decisions.
This analysis is based on automated on-chain data and should not be considered as financial advice. For more information, visit the full live scan of the Cosmos Token. To learn more about token security, refer to the full token security checklist. You can also use our free token scanner to evaluate the security of other tokens.