USELESS COIN (USELESS)

Analysis

USELESS needs caution (66/100). The main concern: a few of the biggest holders could crash the price by selling: exit risk is high. On the plus side, no one can change the rules: code cannot change, no owner. This reading comes only from on-chain facts and lowers the risk; it never removes it.

• ⚠ A few of the biggest holders could crash the price by selling: exit risk is high.
• ⚠ Ownership is concentrated: the 10 biggest wallets hold 63% of the supply (pools and burns not counted).
• ✓ No one can change the rules: code cannot change, no owner.
• ✓ The pools hold $630.2K, which is deep enough for normal trades.
• ✓ It has traded for 1.3 years.

Summary

Some warning signs. Read them before you buy.

• Top 10 wallets hold 63% of the supply
• One wallet holds 63%
• Hard to exit: a few sells would crash the price

• Code cannot change
• No owner
• Deep liquidity ($630.2K)

Not checked: The sell test has not run yet · Source code is not checked · Whether the liquidity is locked · When the token launched

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.)
• Liquidity in v3/v4 positions. This pool uses Uniswap position NFTs; lock status cannot be read like a v2 pool.

How it can improve

• Top 10 wallets hold 63% 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.