Is MetaDAO Safe? MetaDAO Security Scan
Introduction
The MetaDAO token has a trust score of 80, an AA trust grade, a 20% scam probability, and a significant risk factor that the mint authority is still active, which could potentially inflate the supply. Notably, it does not have a honeypot signal, indicating no immediate signs of a trap for investors. It's also worth mentioning that MetaDAO is currently trending, drawing attention from potential investors.
What the scan found
Our on-chain security scan of MetaDAO (META) on the Solana (SPL) chain revealed several key points. The token has a trust score of 80 and an AA trust grade, suggesting a relatively high level of trustworthiness. However, there is a 20% scam probability, which, although not negligible, is not extremely high either. The scan also found that there is no honeypot signal, which is positive. Additionally, the buy and sell taxes are both 0%, which could be attractive to traders. The contract is verified, and the token is mintable but not freezable. The ownership has not been renounced, which might raise some concerns. The liquidity is $176,902, with 0% of it locked, and there are 6,083 holders, with the top 10 holders controlling 40.4% of the tokens.
What this means for you
Considering investing in MetaDAO, it's crucial to weigh the risks and positives. On the positive side, the lack of a honeypot signal, reasonable holder distribution, and significant liquidity depth are reassuring. However, the active mint authority and the ability to change token metadata are significant risk factors. The fact that ownership has not been renounced could also indicate a level of central control. For those interested in understanding more about what makes a token secure, reviewing the full token security checklist can provide valuable insights.
This analysis is based on automated on-chain data and should not be considered as financial advice. For the most current and detailed information, please visit the full live scan of MetaDAO. Additionally, for a broader view of token security and to scan other tokens, you can use our free scanner tool.