bsc honeypot checkeris a tool that allows you to scan token contracts and detect any potential rug pulls or honeypots. This is an essential tool for anyone navigating the DeFi landscape and avoiding the pitfalls that lie ahead.
A honeypot, also known as a rug pull, is a malicious token smart contract designed to trap funds by preventing any attempts to sell or trade back. Essentially, your investment gets stuck like a fly in a pot of honey. These scams are more common in memecoin and shitcoin projects.
Enhance Your Security: Introducing the BSc Honeypot Checker
Our bsc honeypot checker identifies these scams by simulating a buy and a sell transaction to see if the token is a honeypot. This is a quick and easy way to make sure you aren’t getting trapped in a trap that you can’t get out of.
In addition to the aforementioned features, our bsc honeypot checker can also examine the contract code for any additional conditions that might prevent you from selling or trading the token in the future. These might include a blacklist function deployed by the owner, external mint functions, and any other limiting clauses within the approve/transfer/transferFrom functions.
Kiba Inu is a full-featured cryptocurrency platform with the KibaSwap DEX, Kiba Bridge, and other tools to help you make informed decisions when investing in crypto. We are dedicated to bringing the best and most useful technology to the blockchain community. This article was originally published on the Kiba Inu blog on April 19, 2019. The views expressed in this article are those of the author and do not necessarily reflect those of the company or its affiliates.