Is POL Safe? What Our Security Scan of Polygon Ecosystem Token Found
Introduction
The Polygon Ecosystem Token has a trust score of 37, a trust grade of C, and a scam probability of 63%, with the most significant risk being the contract's ability to mint new tokens. Notably, it is currently trending, drawing attention from potential investors.
What the scan found
Our on-chain security scan found that the Polygon Ecosystem Token has a trust score of 37 and a trust grade of C. The scam probability is 63%, indicating a relatively high risk. The contract does not have a honeypot signal, and there are no buy or sell taxes. The contract is mintable and freezable, but ownership has been renounced, and the contract is verified. The liquidity is $14,431, with 0% of it locked. There are 100,818 holders, but the top 10 holders control 80% of the supply.
What this means for you
For someone considering investing in the Polygon Ecosystem Token, these findings are crucial. The ability of the contract to mint new tokens poses a significant risk of supply inflation. Additionally, the fact that transfers can be paused by the contract owner, despite ownership being renounced, and the presence of a hidden owner, raise concerns about control and transparency. The low liquidity and high concentration of ownership among top holders further increase the risk. However, the contract's verification and the large number of holders are positive signals.
It is essential to approach this token with caution, considering the high scam probability and significant risk factors. This is automated on-chain analysis and should not be taken as financial advice. For a more comprehensive understanding of token security, refer to the full token security checklist. To see the full live scan of the Polygon Ecosystem Token, visit the scan page. You can also use our free scanner tool at the rug shield tool page to analyze other tokens.