Is ATOM Safe? What Our Security Scan of Cosmos Token Found
Introduction
The Cosmos Token, ATOM, has a trust score of 90, a trust grade of AAA, a scam probability of 10%, and a significant risk factor being its ability to mint new tokens, which poses a supply inflation risk.
What the scan found
Our on-chain security scan found that the Cosmos Token has a trust score of 90 and a scam probability of 10%. The token's contract source code is verified, and it has a reasonable holder distribution, with the top 10 holders owning 42.7% of the tokens. The contract is mintable, but ownership has been renounced. There are no taxes on buying or selling, and the contract is not freezable. The liquidity is $17,999, with 0% of tracked liquidity locked. The token has 73,539 holders.
What this means for you
The fact that the contract can mint new tokens poses a risk of supply inflation, which could negatively impact the token's value. However, the verified contract source code and reasonable holder distribution are positive signals. The low liquidity depth and lack of locked liquidity are also risk factors to consider. It is essential to carefully evaluate these factors when considering the Cosmos Token. For more information on evaluating token security, refer to the full token security checklist. This analysis is automated on-chain analysis and should not be considered as financial advice. For the full live scan, visit the scan page. You can also use our free scanner tool to evaluate other tokens.