Quick Intel or Token Sniffer for Ethereum (EVM based) Chains: Using Quick Intel
Oct 1, 2023
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Ditch the Sniff, Unleash the Intel on Ethereum (EVM based) Tokens
EVM chains like Ethereum, Binance Smart Chain, Arbitrum, Optimism, Base, Metis, Manta, Avalanche, zkSync Linea, Scroll, and more, are part of the core blockchain network. EVM chains have become synonymous with explosive growth and innovation. But amidst the rush of projects and skyrocketing tokens, a lurking danger remains: malicious actors aiming to exploit the excitement for their own gain.
This is where token sniffers & token scanners come in. Think of them as digital bloodhounds, sniffing out red flags and potential scams within smart contracts. In the high-stakes world of DeFi, security is paramount, and relying solely on buzzwords and promises is a recipe for disaster. Token sniffers & scanners provide a crucial layer of protection, helping you separate genuine gems from carefully crafted traps.
Token Sniffer
Token Sniffer was one of the first token security platforms in crypto. Token Sniffer provides automated scam detection, auditing, and metrics. When Token Sniffer first went live it was one of the only tools available that users could use to get more insights into tokens, using what was called a “Smell Test”. Due to its role in the space, users are always on the lookout for alternative tools for maximum protection.
Quick Intel Scanner: The leading trusted Web3 token scanner
While Token Sniffer was a great starting point for crypto users, the crypto landscape has evolved, and basic sniffing just doesn't cut it anymore. You need precision, you need AI-powered insights, you need Quick Intel.
Now, as new EVM chains and Layer 2 chains emerge with their unique architecture, it presents new challenges for web3 users. Enter Quick Intel Scanner, a tailored tool built specifically for all EVM chains. Quick Intel goes beyond basic checks, diving deep into the code to analyze ownership structures, liquidity distribution, and potential hidden code that could lead to scams, honeypots, or rug pulls. It's like having a seasoned crypto detective at your side, scrutinizing every detail before you invest.
But how does Quick Intel work its magic?
Scanning a token
Simply enter the Ethereum-based token address, and select scan to begin!
After the scan is complete, you’ll be presented with the results provided by Quick Intel.
Token Details
This section outlines key information about the token itself, like the Name, Symbol, Supply, if the token has a buy/sell/transfer tax, and if there are any relevant links. Reviewing this information is key to ensuring you are sniffing the right token.
Quick Intel Audit
The audit section is a crucial section that outlines what the token is capable of doing. Rather than diving into the chain Explorer trying to decipher this world of code, Quick Intel takes that fun challenge on for you and gives quick and easy-to-read results.
Scams occur via different methods. One of which with the LP is not locked or burned as this allows the owner to remove the liquidity whenever they like, performing a “rug pull”.
Minting, allows the owner to create additional tokens, which if malicious, means they can create more tokens to then dump on users. We already have governments that do that, no need to allow that here as well!
Freezing the ability to trade essentially locks up tokens, not allowing users to move assets, buy, or sell.
Also knowing if the contract has any restrictions like max wallet, max transaction, and if there are any suspicious actions or external contracts linked, are crucial pieces of information that should be made aware of so investors feel safe.
Liquidity
Knowing how much liquidity is in a token is key to ensuring you are able to buy and sell with easy. This should always be reviewed to ensure you are not throwing your money around into a black hole! We hear black holes aren’t that fun.
Holders
Always be sure to review the top holders. Knowing how the distribution of tokens is at the time, is key to ensuring there is no risk for 1 massive whale to dump on users. We’ve all been dumped when we were younger by our crush, so let's not relive that again!
ShadowShield
Quick Intel has created a one-of-a-kind feature called ShadowShield that leverages Artificial Intelligence to provide further value to users and more insights to things that may not be directly visible to the naked eye. Using 100’s of thousands of smart contract data, Quick Intel’s AI models can give users confidence of a contract potentially being a scam.
Contract View
Many users aren’t able to navigate the muddy waters of blockchain explorers. While the current explorers are great, it sometimes feels like users need to get a degree just to try to decipher something. Quick Intel translates all this information for you.
Team taxes collected by the token can be viewed. Knowing how much funds have been collected by a project is important to understand if the team is scamming users, by what is known as “tax farming”. Collecting funds without delivering is not something you want to be involved in.
Recent actions of the deployer wallet can also help uncover things that may be unaware to users. You don’t want a malicious developer changing taxes or performing hidden actions without your knowledge.
Quick Intel: All Access
Here's the thing: the Ethereum-based ecosystem is evolving at breakneck speed. New threats emerge daily, demanding constant vigilance. By subscribing to Quick Intel's All Access service, you gain access to their ever-evolving arsenal of detection tools, staying ahead of the curve and making informed decisions with confidence.
Don't let the Ethereum and Layer 2 hype cloud your judgment. Protect your investments with the power of Quick Intel. Sign up for All Access today and trade with the peace of mind knowing you're armed with the best token sniffing technology available.
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Remember, in the crypto jungle, the most valuable asset is knowledge. And Quick Intel empowers you to find the real treasure, not the fool's gold.