The crypto market is full of opportunities, but also risks. To avoid falling into scams like rug pulls or honeypots, it is essential to analyze projects before investing.
Nowadays, we can analyze the trust level of a website, e-commerce, or fintech through platforms like ScanDOC. (es.scamdoc.com)
Fortunately, there are also tools that can facilitate this analysis process and alert us about potential frauds in the crypto world.
So if you are an investor, I advise you to keep reading. Let’s get started!
1. StaySAFU (staysafu.org)
It is one of the best options for a quick analysis. You simply enter the contract address, and it returns a risk score based on code security, developer permissions, and token liquidity.
2. Token Sniffer (tokensniffer.com)
This tool compares smart contracts to detect copies of fraudulent projects. It also points out dangerous features such as the ability to block sales or modify taxes in real-time.
3. RugDoc (rugdoc.io)
Especially useful on DeFi platforms, it analyzes risks in yield farming and alerts about possible rug pulls. It also provides audits and security checks.
4. BSCheck (bscheck.eu)
It allows you to see the distribution of tokens and liquidity. If a single user controls most of the supply or liquidity is not locked, the risk of manipulation is high.
5. DEXTools (dextools.io)
It not only allows monitoring real-time charts but also assigns a trust score based on liquidity, volume, and recent activity of the token.
Conclusion
There is no foolproof tool, but by combining StaySAFU, Token Sniffer, and BSCheck, you can get a quick and reliable analysis. Never invest without researching. In cryptocurrencies, the best defense is information.
Did you use any of these tools before investing in a new project?
