VELVET Token Security Scan Results
Introduction to VELVET
The VELVET token is currently drawing attention, and we have run it through our RugShield security scanner to provide an assessment of its security.
What the scan found
The scan found that the VELVET token has a trust score of 52, which corresponds to a trust grade of B. The scam probability is 48%, indicating a moderate level of risk. The honeypot signal is false, suggesting that the contract does not have any honeypot-related issues. There are no buy or sell taxes associated with the token. The contract is mintable and freezable, but ownership has been renounced, and the contract source code is verified. The token has a liquidity of $15,109, with 0% of the liquidity locked. There are 12,353 holders, but the top 10 holders control 91.3% of the supply.
What this means for you
The scan results indicate that the VELVET token poses some risks, including the ability of the contract to mint new tokens, which could lead to supply inflation. Additionally, the top 10 holders control a significant portion of the supply, which could lead to centralization and manipulation. The low liquidity depth of $15,109 also poses a risk. However, the contract source code is verified, and there are 12,353 holders, which are positive signals. It is essential to consider these factors when deciding whether to invest in the VELVET token.
The results of this scan are based on automated on-chain analysis and should not be considered as financial advice. For the full live scan results, please visit the scan page. You can also use our free RugShield scanner to assess the security of other tokens.