Tokensniffer Will Soon Track SmartBCH Tokens: Your First Step For DYOR.
People always refered to do their own research to be responsible with their own act of investing and find it hard to start doing 'it'. There are many ways on doing research such as watching YouTube videos, reading articles and how positively and negatively the hype around the project is in different social medias like Twitter, Reddit and Facebook. However, it was not enough as a little more deeper research is needed to understand the project better.
Tokensniffer made it all easy for everyone to get in track with different projects from different chains. Making people to have an easy first stop for their research. It is just a simple and friendly platform that can be use by anyone easily with any hassles.
Tokensniffer.
Tokensniffer tracks thousands of different projects/tokens from lots of known chains such as BNB, Ethereum, Polygon, Fantom, AVAX and soon will be tracking SmartBCH in their platform.
According to the tweet from Tokensniffer it replied to my comment on when will SmartBCH be available in the platform, they said that it will be sooner and they are now preparing after the smart contracts of different SmartBCH tokens. Hopefully, this will be live in the next few weeks.
It might be taking them time for SmartBCH to be live in the platform and all we can do is to have a little more patience.
What Can You Do In Tokensniffer?
There lots of things you can do using Tokensniffer. Using Tokensniffer will make you feel like you are a pro in doing research because of how easy it is. I Tokensniffer you can;
Track new tokens deployed.
Trending tokens from different chains
Latest scam projects that you can avoid.
But the best part that everyone should like about using Tokensniffer is the ability to show how the the smart contract of the token is deployed. Tokensniffer reads the the token's smart contract and rate it to show to its users how confident you should be in the project.
Tokensniffer read the swapping program if the token can or cannot be sellable and tracks the current transaction tax to be charge from the contract.
It also tracks if the source code of the contract is verified in the explorer and more importantly, it tracks if the ownership of the smart contract is renounced or not - if not, the creator or the devs can have full control over the token especially in its supply.
You can also track the creator of the contract how much percentage of the token supply he is holding and if there are other wallets holding over 5% of the token supply.
It also tracks how much Liquidity the token currently has, is the LP locked or not, how long it is locked and how many tokens currently are sent to the burning wallet.
Tokensniffer also tracks where the tokens are currently listed in.
Lastly, you can also see similar contracts of the token. If you saw lots of similar contracts that you pasted in Tokensniffer, be aware.
After reading everything in the smart contract, Tokensniffer Will then rate it by over 100 and its up to you how you would feel.
How To Use Tokensniffer?
Using the platform is very very easy.
Copy the contract address of the token
Go to Tokensniffer and finish captcha.
Paste the address in the search bar.
Tokensniffer Will then automatically read and rate the token's smart contract for you.
Final Words.
I've been using Tokensniffer for many months now and it's my haven for easy researching about a certain token. Adding SmartBCH in the platform will be an advantage for the Bitcoin Cash community to know if the project they're getting into is worth their time.
Sometimes, Tokensniffer is not 100% accurate in reading the project and it was mostly helpful most of the time. So better step up your way of DYOR but with the help of Tokensniffer.
Related articles:
Avoid This Move-To-Earn Project.
How To Find Red Flags In The Project.
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I'll keep this in mind if I wanted to check for tokens in the future. New tokens are popping up every now and then it's hard to keep up lol! So this is a cool idea.