Is STORJ Safe? What Our Security Scan of StorjToken Found
Introduction
StorjToken has a trust score of 90, a trust grade of AAA, and a scam probability of 10%, with the top 10 holders controlling 66.1% of the supply, which is the single most important risk factor. Given the current interest in StorjToken, it is essential to examine the findings of our on-chain security scan to understand the potential risks and benefits associated with this token.
What the scan found
The scan revealed that StorjToken is an ERC-20 token on the Ethereum blockchain, with the address 0xb64ef51c888972c908cfacf59b47c1afbc0ab8ac. The trust score of 90 and trust grade of AAA indicate a high level of confidence in the token's legitimacy. The scam probability of 10% suggests that there is still some risk associated with the token. The honeypot signal is false, indicating that the token does not have a honeypot function. The buy and sell taxes are both 0%, and the token is not mintable or freezable. The ownership has been renounced, and the contract source code is verified. The liquidity is $48,402, with 0% of the tracked liquidity locked. There are 104,488 holders, with the top 10 holders controlling 66.1% of the supply.
What this means for you
The high trust score and trust grade of StorjToken suggest that it is a legitimate token. However, the fact that the top 10 holders control 66.1% of the supply is a significant risk factor, as it could lead to market manipulation. The verified contract source code and the large number of holders are positive signals. The low liquidity depth of $48,402 is also a risk factor, as it could lead to price volatility. To learn more about token security and how to evaluate the risks associated with a token, refer to the full token security checklist.
This analysis is based on automated on-chain analysis and should not be considered as financial advice. For the full live scan of StorjToken, visit the scan page. To scan other tokens and evaluate their security, use our free scanner.