Honeypot.is
Available for the following blockchains: Ethereum, Base, BSC
What is Honeypot.is?
Honeypot.is is a specialized third-party service that Divine integrates to detect potential honeypot scams and other risks associated with cryptocurrency tokens. It's like a sophisticated trap detector, helping to ensure that users don't fall into cleverly disguised investment pitfalls.
How does it work?
Token Submission: When Divine encounters a new token on compatible networks with Honeypot.is such as Ethereum, Base, or BSC, it sends the token's details to Honeypot.is for analysis.
Simulated Transactions: Honeypot.is performs simulated buy and sell transactions to test the token's behavior.
Contract Analysis: It examines the token's smart contract for suspicious code or functions.
Liquidity Check: The service analyzes the token's liquidity pool and holders to assess its stability and fairness.
Risk Assessment: Based on its findings, Honeypot.is generates a risk score and identifies specific concerns.
Divine Integration: Divine incorporates this information into its overall security assessment, using it to make informed decisions about the token's safety.
Why is this important?
Honeypot scams are a significant threat in the cryptocurrency world. These scams allow investors to buy tokens but prevent them from selling, effectively trapping their funds. Honeypot.is helps Divine protect users by:
Identifying tokens that may be impossible or extremely difficult to sell
Detecting unusual tax structures that could indicate a scam
Uncovering hidden contract functions that could pose risks to investors
Providing a comprehensive risk assessment of new tokens
Key Features of Honeypot.is
Honeypot Detection: Specializes in identifying tokens designed to trap investors' funds
Multi-Chain Support: Works on Ethereum, Base, and Binance Smart Chain (BSC)
Tax Analysis: Examines buy and sell taxes for unfair or suspicious structures
Liquidity Analysis: Assesses the stability and fairness of the token's liquidity pool
Contract Scanning: Looks for suspicious code patterns and hidden functions
Benefits for Divine Users
Scam Protection: Helps shield users from falling victim to honeypot and similar scams
Transparent Risk Assessment: Provides clear information about potential token risks
Multi-Chain Security: Offers protection across multiple popular blockchain networks
Informed Trading: Enables users to make more confident decisions about token investments
Limitations
While Honeypot.is significantly enhances our security measures, it's important to note:
It's currently available only for Ethereum, Base, and BSC networks
New, highly sophisticated scams might sometimes evade detection
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