Is META Safe? What Our Security Scan of MetaDAO Found
Introduction to MetaDAO
MetaDAO, with the symbol META, is currently drawing attention in the cryptocurrency space. To provide insight into its security, we ran it through our RugShield security scanner. The results of this scan are crucial for anyone considering interacting with this token.
What the scan found
The scan found that MetaDAO has a trust score of 80, which corresponds to a trust grade of AA. The scam probability percent is 20%, indicating some level of risk. There is no honeypot signal detected, and both the buy and sell tax percentages are 0. The token is mintable, but it is not freezable. The contract has been verified, which is a positive sign. However, the ownership has not been renounced, which could pose a risk. The liquidity in USD is $118,589, with 0% of it locked. There are 5,884 holders, with the top 10 holders controlling 40.1% of the tokens.
What this means for you
Considering the findings, potential investors should be aware of the risks associated with MetaDAO. The active mint authority and the ability to change token metadata by an authority are significant risk factors. On the other hand, the absence of a balance-mutation authority, the inability to freeze accounts, a reasonable holder distribution, and a notable liquidity depth are positive signals. It's essential to weigh these factors when deciding whether to engage with MetaDAO.
This analysis is based on automated on-chain data and should not be considered as financial advice. For the most current and detailed information, you can view the full live scan of MetaDAO. Additionally, you can use our free RugShield scanner to analyze other tokens and make more informed decisions.