Mog Coin Security: AA Grade with 80 Trust Score
Introduction
Mog Coin has a trust score of 80, an AA grade, and a scam probability of 20%, with its most significant positive signal being that 100% of its tracked liquidity is locked, mitigating a major risk factor. Notably, it's currently drawing attention, which makes understanding its security aspects crucial.
What the scan found
The scan of Mog Coin, which operates on the Ethereum blockchain as an ERC-20 token, revealed several key points. Its contract address is 0xaaee1a9723aadb7afa2810263653a34ba2c21c7a. The token has a trust score of 80 and a trust grade of AA, indicating a relatively high level of security. However, there's a 20% scam probability, which, although not negligible, is balanced by several positive factors. The honeypot signal is false, indicating no detected honeypot traps. Both buy and sell taxes are set at 0%, and the token is not mintable or freezable, which reduces certain risks. Importantly, the ownership of the contract has been renounced, and the contract source code is verified, adding to its credibility. The liquidity is substantial at $2,214,154, with 100% of it locked, which is a significant positive indicator. The holder count is 58,394, but the top 10 holders control 57% of the supply, which is a notable risk factor.
What this means for you
For someone considering Mog Coin, the high trust score and AA grade are positive indicators, but the 20% scam probability and the concentration of ownership among the top 10 holders are significant risk factors to consider. The lack of minting capability, verified contract, and fully locked liquidity are strong positives, suggesting a level of security and commitment to fairness. However, the potential for buy/sell tax changes and the high concentration of ownership among a few holders could pose risks. It's essential to weigh these factors carefully.
This analysis is based on automated on-chain data and should not be considered as financial advice. For more detailed information, you can view the full live scan of Mog Coin. To assess the security of other tokens, you can use our free scanner tool. Understanding token security fully requires considering the full token security checklist, which outlines all critical factors to evaluate.