As many of you know, DEX are full of scams, most of them very low effort ones and based on tricking people by including malicious features in the contract, not being able to sell, being able to mint infinite tokens, are some of the most common and we can see dozens of projects using them trying to abuse uneducated or new investors. DEXTools’ battle against scams has been continuous since our birth, we have always tried to provide as much information as we can to our community and to all investors who bet on the future of DEFI to try to avoid them.
Fortunately, apart from our community, we have had many allies along the way, projects that are also based on trying to help people avoid scams, some of them have fallen, but today we are stronger because we have found a new one, CTDSEC.
WHAT IS CTDSEC?
CTDSEC is a platform that provides blockchain project owners with instant access to our expert smart contract auditors and product designers, making it simple for them to verify the security and code integrity of their smart contracts and build their blockchain products.
Smart contract security auditing is a thorough analysis of blockchain applications’ smart contracts in order to correct design issues, errors in the code, or security vulnerabilities.
CTDSEC is one of the most well-known auditor firms in the crypto space and we are proud to partner with them.
DEXTools SMART CONTRACT ANALYZER
Thanks to the amazing technology that CTDSEC provided to us, we were able to integrate the new DEXTools Feature, the contract analyzer, this feature is able to analyze all the contracts of the pairs listed at our supported DEX and check for the most common types of scams or malicious functions within the contract giving our users another layer of security before investing.
You can check all contract details on every token pair explorer page and also at the pool explorer for every new pair. If the contract is not even verified, that means the code is not public and it is usually a big red flag, you should research a lot before investing. Keep in mind that we are still analyzing all the old pairs and it may take some time to have everything.
Of course, this is still the first version and it’s not infallible, many scams can rug or sell tokens even with good quality smart contracts, Check always if liquidity is locked, the DEXT Score and DYOR.
For any doubts or feedback about this feature please contact us at DEXTools or CTDSEC Telegram groups.
CTDSEC Links and contact: