CoinStats has integrated Glider Token Risk, a breakthrough scanning technology from elite cybersecurity firm Hexens. The tool gives traders instant visibility into 22+ smart contract risks before they buy. Now live across the CoinStats platform.
The timing is critical. Over 74,000 scam tokens launched in 2024. These tokens drained nearly $10 billion from traders. And 94% of these malicious tokens contained exploit logic from day one.
Revolutionary approach to token security
Glider Token Risk doesn’t just skim the surface. It decomposes contract logic, breaking down every function, path, and dependency. This deep analysis reveals threats that others miss. Think of it as an X-ray for tokens, showing the bones of a contract before you trade.
With this integration, CoinStats becomes more than a portfolio tracker. It’s now an education tool, security guard, and BS detector all in one app.
What Glider Token Risk detects
The scanner identifies 22 risk categories. The most common threats include:
- Blockable transfers (59% of analyzed tokens)
- External calls during transfers (29% of tokens)
- Balance manipulation (25% of tokens)
- Centralized minting (21% of tokens)
- Hidden fees (10% of tokens)
- Centralized burn capabilities (9% of tokens)
- Upgradeable contracts (9% of tokens)
- Blacklists/Whitelists (5% of tokens each)
- Pausable transfers (7% of tokens)
Additional risks include cooldown mechanisms, transfer fees, and other exploit patterns. Basically, if it smells like a rug, it gets flagged. Each risk comes with clear explanations, giving traders actionable insights without needing technical expertise.
Building safer trading habits
This integration addresses a critical market gap. Education is the first line of defense. Glider Token Risk isn’t about blind trust in risk scores. It’s about clear and actionable insights into the tokens that traders interact with.
Go to Source to See Full Article
Author: AMBCrypto Team
