HOW TO CONFIRM IF TRULY A TOKEN’S LIQUIDITY IS LOCKED

HOW TO CONFIRM IF TRULY A TOKEN’S LIQUIDITY IS LOCKED

First, locate the token contract, this could be found in the blockchain scanner of that particular token. Lets say the token we are talking about is a BSc token, so we head to the bscscan.com and locate the contract address of the token.

The contract is vast with a lot of information about the token, including number of minted tokens, number of holders, contact codes and more information.

If this token is on Solana blockchain you head to the solscan.io to get every information you need about the coin.

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If the token is an etheruem blockchain token, you head to ether scan, Now for BSc tokens where most of the scam tokens are unleashed currently, you can use poocoin tool, which shows tokens Info once the contract address is placed on app.poocoin.com.

To check properly if a token liquidity is locked, go to the bscscan.com of the token with the contract address, then under the transfers section, head over to page 1, or any page that has the liquidity addition (usually the first interaction with pancakes was router contract).

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Then click on the TX hash, scroll down to where you find the liquidity pool tokens transferred to dev wallet. Click on the dev wallet, will take you to his lp holdings. If he has 0 lp holdings, then check the transfer section to confirm if he’s sent the lp tokens to the burn address, if not, just know you’re trading at your own RISK.

Th burn address are addresses which now one has access to. If liquidity is not burned or locked for a long time, it could be pulled out from the  lp holdings and then the token will rug. Trade with caution

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2 Comments

  1. Daniel D August 21, 2021
    • MyScholarshipBaze August 22, 2021

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