ZigCoin Security: ZIG Token Scan Results
Introduction
ZigCoin has a trust score of 90, a trust grade of AAA, and a scam probability of 10%, with the top 10 holders controlling 71.3% of the supply, and it's currently trending among crypto enthusiasts.
What the scan found
The scan of ZigCoin, which operates on the Ethereum blockchain as an ERC-20 token, revealed several key points. The token has a trust score of 90 and a trust grade of AAA, indicating a high level of security. The scam probability is 10%, which is relatively low. The honeypot signal is false, meaning there's no indication of a honeypot trap. Both the buy and sell taxes are 0%, and the token is not mintable or freezable. The ownership of the contract has been renounced, and the contract source code is verified. The liquidity in USD is $50,978, with 0% of the tracked liquidity locked. There are 17,499 holders, but the top 10 holders control 71.3% of the supply.
What this means for you
For someone considering investing in ZigCoin, these findings are important to consider. The high trust score and low scam probability are positive indicators. However, the fact that the top 10 holders control a significant portion of the supply is a risk factor, as it could lead to price manipulation. The verified contract source code and the lack of mint and honeypot functions are also positive signals. The relatively low liquidity and the concentration of ownership among a few holders are factors to be cautious about.
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 ZigCoin. To learn more about token security and how to protect yourself from potential scams, you can refer to the full token security checklist. Additionally, you can use our free scanner tool to check the security of other tokens.