Diem (DIEM)

Summary

Some warning signs. Read them before you buy.

• Top 10 wallets hold 90% of the supply
• One wallet holds 80%
• Hard to exit: a few sells would crash the price

• Code cannot change
• No owner
• Deep liquidity ($699.9K)

Not checked: The sell test has not run yet · Source code is not checked · When the token launched · No trades seen in the last 24 hours

Every check

• Code cannot change. Not an upgradeable proxy: the token code is fixed.
• No owner. The contract has no owner function.
• Can mint new tokens. The contract has a mint function: the owner can print more supply. (Locked, since ownership is renounced.)

How it can improve

• Top 10 wallets hold 90% of the supply: Spread the supply: avoid big single wallets, and lock team tokens in vesting.
• Hard to exit: a few sells would crash the price: Add liquidity and spread the supply, so a few sells can not crash the price.