Is TONCOIN Safe? What Our Security Scan Found
Introduction to Wrapped TON Coin
Wrapped TON Coin, or TONCOIN, is currently drawing attention and trending. To provide insight into its security, we ran it through our RugShield security scanner.
What the scan found
Our scan revealed that TONCOIN has a trust grade of AA and a trust score of 85, indicating a relatively high level of trustworthiness. However, there is still a 15% scam probability. The honeypot signal is false, and there are no taxes on buying or selling. The contract is mintable, but ownership has been renounced, and the contract source code is verified. The liquidity is $181,701, with 0% of tracked liquidity locked. There are 38,925 holders, with the top 10 holders controlling 29.1% of the tokens.
What this means for you
Considering TONCOIN, it's essential to be aware of the risks and positive signals. The contract's ability to mint new tokens poses a supply inflation risk, and the lack of locked liquidity is a concern. On the other hand, the verified contract source code, reasonable holder distribution, and significant liquidity depth are positive signals. The large number of holders also suggests a relatively healthy distribution.
This analysis is based on automated on-chain analysis and should not be considered financial advice. For the full live scan of TONCOIN, visit the scan page. You can also use our free scanner to check the security of other tokens at our tools page.