Is USDG Safe? Global Dollar Security Scan
Introduction
The trust score for Global Dollar is 85, with a grade of AA, a scam probability of 15%, and the most significant risk factor being that the top 10 holders control 73.9% of the supply, while on the positive side, the contract source code is verified. Global Dollar is currently trending, with many investors looking into its security.
What the scan found
The on-chain security scan of Global Dollar (USDG) on the Ethereum blockchain revealed several key findings. The token has a trust score of 85 and a trust grade of AA, indicating a relatively high level of security. The scam probability is 15%, which is a notable risk factor. The honeypot signal is false, indicating that the contract does not have any honeypot-related issues. There are no buy or sell taxes, and the contract is not mintable or freezable. The ownership of the contract has been renounced, and the contract source code is verified. The liquidity of the token is $1,269,086, with 0% of the tracked liquidity locked. There are 6,245 holders of the token, with the top 10 holders controlling 73.9% of the supply.
What this means for you
For investors considering Global Dollar, the high trust score and verified contract source code are positive signals. However, the significant control of the top 10 holders over the supply and the lack of locked liquidity are risk factors that should be carefully considered. It is essential to weigh these factors and conduct further research before making any investment decisions.
This analysis is based on automated on-chain security scans and should not be considered as financial advice. For more information, please visit the full live scan of Global Dollar or use our free token security scanner to check the security of other tokens. Additionally, you can review the full token security checklist to learn more about the factors that contribute to a token's security.