Is QNT Safe? Quant Token Security Scan
Introduction
The trust score of Quant token is 85, with a trust grade of AA, and a scam probability percentage of 15%, with the most significant risk being that its contract can mint new tokens, posing a supply inflation risk, and a notable positive signal being that the contract source code is verified. Quant is currently trending, and understanding its security is crucial for potential investors.
What the scan found
The scan of Quant token, which operates on the Ethereum blockchain as an ERC-20 token, found several key points. The token's contract address is 0x4a220e6096b25eadb88358cb44068a3248254675, and it has a trust score of 85, indicating a high level of trustworthiness. The trust grade is AA, further reinforcing its credibility. However, there is a 15% scam probability, which, although relatively low, should not be ignored. The honeypot signal is false, indicating that the contract does not have mechanisms to trap investor funds. Both the buy and sell tax percentages are 0, meaning there are no additional fees imposed on transactions. The contract is mintable, meaning new tokens can be created, but it is not freezable, and ownership has been renounced, suggesting a level of decentralization. The contract has been verified, which is a positive signal for transparency and security.
What this means for you
For someone considering investing in Quant, the findings of the scan are crucial. On the positive side, the verification of the contract source code, the reasonable distribution of holders (with the top 10 holders owning 28.8% of the tokens), and the liquidity depth of $273,173 are all positive signals. The large number of holders, 169,201, also suggests a healthy and active community. However, the ability of the contract to mint new tokens poses a risk of supply inflation, which could potentially dilute the value of existing tokens. Additionally, the fact that only 0% of the tracked liquidity is locked is a risk factor, as it could lead to significant price volatility.
This analysis is based on automated on-chain analysis and should not be considered as financial advice. For more detailed information, please visit the full live scan of the Quant token. To learn more about token security and how to protect yourself from potential scams, refer to the full token security checklist. You can also use our free scanner tool at CryptoRefuge's RugShield to check the security of other tokens.