⚠️What is a honeypot token? Tokens where you join a channel and then the person says to wait at a certain time because a certain token will be introduced and we will make 100000000% profit. Together, this is called a honeypot, meaning you can buy it but there is no selling because it cannot be sold.
❗99% of tokens on the Bnb platform, meaning you have to buy them with Bnb, and that too on decentralized exchanges, are introduced by a channel that creates fake hype saying you will make penthouse money tonight. It is 100% a scam, and mostly these tokens are introduced instantly so you cannot check the token to see what it really is. There are two cases: either it cannot be sold or it can be sold but with a 99% fee set by the creator.
✅Creating a token takes 5 minutes, creating a liquidity pool 1 minute, listing it on PancakeSwap 2 minutes, making transactions and candle patterns to deceive users takes 1 hour. So don’t think it’s hard to launch these tokens.