Coinbase Wrapped LTC (cbLTC)

Summary

Serious warning signs. Most buyers of tokens like this lose money.

• More tokens can be printed
• Wallets can be frozen
• Name and logo can change
• Low liquidity ($3.1K)
• Hard to exit: a few sells would crash the price

Not checked: Top holders are not read yet · Whether the liquidity is locked · When the token launched · Our data is 20 hours old

Every check

• More tokens can be printed. Mint authority FYJb…cizM is still active, so the supply can be increased at any time.
• Wallets can be frozen. Freeze authority GoFo…Ypbf can freeze your tokens so you can't sell.
• Name and logo can change. GoFo…Ypbf can still change the token name, symbol and logo.
• Liquidity lock not checked. We can't read the lock status of this pool type yet.

How it can improve

• More tokens can be printed: Revoke the mint authority so nobody can print more tokens. On Solana: spl-token authorize <MINT> mint --disable. On EVM chains, renounce the role that can mint.
• Wallets can be frozen: Revoke the freeze authority so no wallet can be frozen. On Solana: spl-token authorize <MINT> freeze --disable.
• Name and logo can change: Make the name and logo permanent by removing the metadata update authority.
• Low liquidity ($3.1K): Add liquidity. $10K clears the low-liquidity warning, and $50K or more counts as deep.
• 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.