Wrapped TON Coin TONCOIN Security Review
Introduction
Wrapped TON Coin has a trust score of 85, with a scam probability of 15%, and its contract can mint new tokens — a significant risk factor to consider, alongside the fact that it is trending and drawing attention. The token's trust grade is AA, and the contract source code is verified, which is a positive signal.
What the scan found
The scan revealed that Wrapped TON Coin, with the symbol TONCOIN, is an ERC-20 token on the Ethereum chain, with the address 0x582d872a1b094fc48f5de31d3b73f2d9be47def1. The trust score of 85 and trust grade of AA indicate a relatively high level of trustworthiness. However, there is a 15% scam probability, which should be taken into account. The contract has no honeypot signal, and there are no buy or sell taxes. The contract is mintable but not freezable, and ownership has been renounced. The liquidity is $148,793, with no liquidity locked, and there are 39,158 holders, with the top 10 holders owning 29.3% of the tokens.
What this means for you
Considering investing in TONCOIN, it is essential to weigh the risk factors and positive signals. On the one hand, the verified contract source code, reasonable holder distribution, and significant liquidity depth are positive indicators. On the other hand, the ability to mint new tokens poses a supply inflation risk, and the lack of liquidity locking is a concern. For a comprehensive understanding of token security, refer to the full token security checklist.
This analysis is based on automated on-chain data and should not be considered as financial advice. For the full live scan of Wrapped TON Coin, visit the scan page, and to scan other tokens, use our free scanner.