What happened:: The bounty manager @Leclerc2019 has been promoting the AVAX0 project through a recently launched bounty campaign. After reviewing and examining the token project, here is what I found.
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• The liquidity pool contains only
$444, making it difficult for holders to sell their tokens.
• At the same time, the token shows an FDV of nearly
$688,000, which appears disconnected from its actual liquidity.
• Also, the 24-hour trading volume is $0, indicating little to no real market activity.
• The image shows
0 buys,
0 sells, and
N/A trading volume over the last 24 hours, indicating little to no trading activity.
• It also shows a security score of
20/100, which is a high-risk rating.
• There are two audit warnings. The first is Proxy Contract Risk, meaning the contract can be updated by the developer and gives the team big control and could allow major changes to the token's behavior in the future.
• The second warning is that De.Fi Scanner shows the developer and current owner hold
21.73% of the token supply, giving them substantial control over the token.
• The token has also received
2 community reports, which is another warning sign worth noting.
• The top
10 wallets control
94.01% of the entire token supply.
•
Avax0 has been flagged as a potential honeypot by Blockaid.•
The token has been reported and officially flagged as suspicious.
Bounty Manager Profile:: https://bitcointalk.org/index.php?action=profile;u=2522364Reference Link: [1]
[BOUNTY] AVAX0 - Project has a listing[2] avax0[.]org
Additional Notes: • Based on the findings above, AVAX0 appears to be a high-risk token with multiple red flags commonly associated with unsafe projects. I would recommend avoiding any investment in this project or connecting a wallet to its website.
