CoinStats has taken a significant step in bolstering token security by adopting the innovative “Glider Token Risk” technology from Hexens, a top player in the cybersecurity sector. This advanced feature gives users crucial insight into potential vulnerabilities in over 22 categories of smart contracts before they decide to invest, thereby reinforcing the platform’s security measures.
Why Is Token Safety Critical?
In a landscape riddled with deceptive schemes, the integration of Glider Token Risk comes at a crucial juncture. This year alone, fraudulent tokens have siphoned approximately $10 billion from investors, with a staggering 94% being flawed with exploitable code from inception. The introduction of this tool aids in uncovering such hidden weaknesses.
Can Glider Token Risk Detect All Possible Threats?
Yes, Glider Token Risk offers an unparalleled depth of analysis. Unlike typical scanning procedures, it examines the intricacies of a token’s smart contract logic, offering detailed insights into every function and dependency. This meticulous process reveals potential threats that often escape conventional systems, likening its precision to an X-ray scan.
The tool identifies dangers across numerous categories, such as unauthorized account transfers, balance manipulations, hidden transaction fees, and centralized minting controls. Such comprehensive monitoring ensures that users are forewarned about tokens exhibiting risky traits.
The rise of this technology satisfies a critical gap in market awareness, transitioning from the simplistic reliance on risk scores to providing detailed, actionable insights. Users can assess smart contract risks without needing technical know-how, assisting them in making informed investment choices.
- Over 74,000 fraudulent tokens in 2024 defrauded investors.
- Glider Token Risk details 22 distinct threat categories.
- Accessible on Ethereum, BNB, Base, and Polygon networks.
- Used intuitively via the CoinStats “Risks” tab interface.
With compatibility for EVM networks like Ethereum and Polygon, this technology is available for CoinStats Degen plan members. Its simple user interface—accessed through searching a token and selecting the “Risks” tab—provides users with comprehensive risk analysis.
The CEO of CoinStats remarked, “Integrating Glider Token Risk elevates our platform’s security, enabling users to make better-informed decisions.”
CoinStats continues to track substantial digital assets and remains a versatile tool for monitoring across various wallets and exchanges. Its commitment to user safety and convenience is evident in this new feature, reinforcing its role as a trusted platform in the crypto investment world.
