I suggest not using this site. Start looking for basic information yourself first like in whitepapers, support team, CMC, or sites that are already popular like cointelegraph or something like that.
It is true that many new token projects can turn out to be scams or fail projects. I think, it is very important to do your own thorough research before investing in any new token.
Also make sure the site you are visiting does have good trust, or is popular. Not relying on obscure metrics or even biased ratings.
It is true that many new token projects can turn out to be scams or fail projects. I think, it is very important to do your own thorough research before investing in any new token.
Also make sure the site you are visiting does have good trust, or is popular. Not relying on obscure metrics or even biased ratings.
Why not? I tried with one token that I invested in and gives me a good analysis of the status of the token yes its a must to check the whitepaper and features of the token you're investing or will be investing but it will take you time and miss some point, you can use this tool and at the same time do a comparison with your own research and analysis, the tool has this disclaimer whenever they show the result on the token they analyzed
Quote
The audit score is a measure of how well the token meets the criteria for safety. Automated scanners like this one are not always completely accurate. A token with a high score may still have hidden malicious code. The score is not advice and should be considered along with other factors. Always do your own research and consult multiple sources of information. Results are regenerated every 10 minutes.
