Token Minting

Learn more on how Token Minting scams work.

How It Works:

• Developers embed a backdoor function in the token’s smart contract, allowing them to mint an unlimited number of tokens at any time.

• They dump these newly minted tokens on the market, flooding liquidity and collapsing the price.

How to Spot It:

• Audit the Contract: Analyze the code using tools such as Horus Assistant Bot, EtherScan, or DeFi auditing platforms (e.g., CertiK, and PeckShield).

• Open-Source Code: Verify whether the smart contract is public (or verified on EtherScan, etc). Transparency is a sign of a trustworthy project.