Degen Safety Check ✅

In Degen Dispatch, we ensure you’re informed about the safety of tokens before making any trades. Whenever you see the Degen Safety Check in a whale notification, it means the token has passed a series of rigorous checks. This feature is especially important when you encounter new tokens in the system, helping you avoid risky or scam tokens.

Note: The Degen Safety Check is only available for users on the Degen subscription plan.

How the Degen Safety Check Works

For each new token found in the system, we perform a comprehensive review. Here’s what goes into the Degen Safety Check:

• Verified Contract: We only flag tokens with a verified contract on Etherscan. Unverified contracts introduce too much risk.

• Social Links in Contract: The token contract must include legitimate social links, such as Telegram, Twitter, or a website, providing transparency and trustworthiness.

• No Risky Smart Contract Elements: We thoroughly review the smart contract to ensure there are no red flags, such as:

  • Incorrect function names.

  • Grammar mistakes in the code.

  • Risky parameters that could affect the security or usability of the contract.

• No Honeypot Flags: A honeypot is a scam where users can buy a token but are unable to sell it. The safety check ensures that the token has no honeypot characteristics.

• Liquidity Pool (LP) Tokens Burned: We check whether the LP tokens have been burned or locked, ensuring that the liquidity is not easily pulled, which is a common tactic in rug pulls.

• Smart Contract Scam Comparison: We compare the smart contract against known scam templates. If the contract shows similarities to previously identified scams, it will not pass the check.

Always DYOR

While the Degen Safety Check provides a solid layer of security, it’s important to remember that no system is foolproof. Always be sure to do your own research (DYOR) before making any investment decisions.