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 63% scam probability, with the contract's ability to mint new tokens posing a significant supply inflation risk. Notably, it's currently trending, drawing the attention of potential investors.
What the scan found
Our on-chain security scan revealed that the Polygon Ecosystem Token, symbol POL, is an ERC-20 token on the Ethereum chain, with the address 0x455e53cbb86018ac2b8092fdcd39d8444affc3f6. The trust score is 37, indicating a C trust grade, and there's a 63% scam probability. The honeypot signal is false, 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 $13,585, with 0% of it locked, and there are 101,602 holders, with the top 10 holders controlling 80.3% of the supply.
What this means for you
Considering the risk factors, the ability of the contract to mint new tokens poses a significant supply inflation risk. Additionally, the fact that transfers can be paused by the contract owner, the presence of a hidden owner, and the low liquidity depth are all causes for concern. On the positive side, the contract source code is verified, and there are 101,602 holders. However, the top 10 holders controlling 80.3% of the supply and the lack of locked liquidity are significant risks.
This analysis is based on automated on-chain data and should not be considered as financial advice. For more information, please visit the full live scan or use our free scanner to check the security of other tokens. You can also refer to the full token security checklist for a comprehensive understanding of token security.