IGCAT Security Report
Security Status
Token Tax
Token Information
Security Analysis
Contract Security
Ownership Security
Trading Security
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Detailed Token Analysis
Overview
INSTAGRAM CAT (IGCAT) represents an emerging cryptocurrency project on the BASE blockchain network. Our thorough security analysis has revealed a well-structured token with standard security implementations and transparent trading mechanics. The token's smart contract has been not been verified, which limits the ability to fully audit its functionality. This lack of verification could pose additional risks and should be carefully considered.
Through our comprehensive examination, we've found that INSTAGRAM CAT implements a standard ERC-20 structure with several concerning security characteristics. Most notably, the contract ownership has been renounced, effectively removing any centralized control over the token's functionality.
Security Assessment
From a security perspective, INSTAGRAM CAT demonstrates concerning characteristics. The smart contract implementation shows signs of potential honeypot behavior. The absence of privileged functions, combined with the renounced ownership, creates a truly decentralized token structure where no single entity can modify the contract's behavior.
The contract's security features are particularly concerning. The presence of minting capabilities means the total supply can be increased by the owner. The absence of hidden owner privileges provides additional security assurance. External interactions are limited to standard DEX integration patterns, minimizing the attack surface and potential vulnerabilities.
Trading Environment
The trading mechanics of INSTAGRAM CAT have been designed with complex restrictions in mind. The token implements a tax structure of 0.0% on buys and NaN% on sells.
Current market metrics reveal that INSTAGRAM CAT is in its early stages of development. With a total supply of 100.00K IGCAT and a current price of $0.0₍12₎, the project maintains a market capitalization of approximately N/A. However, the trading environment presents some considerations for potential investors. The current liquidity pool stands at $0.0615, with a 24-hour trading volume of $0.0₍12₎, indicating a relatively illiquid market that could be susceptible to significant price impacts during larger transactions.
Market Dynamics and Risk Analysis
The market dynamics of INSTAGRAM CAT present an interesting picture of an early-stage token. With 18 unique holders, the token is in its initial accumulation phase. The creator maintains a significant position of 1157920892373161954235709850086879078532699846646405640.394576% of the total supply, indicating a concerning level of ownership concentration.
Our analysis has identified characteristics consistent with honeypot behavior. Trading this token carries significant risks, and users should exercise extreme caution.
Trading Recommendations
Due to the identified honeypot characteristics, we strongly advise against trading this token. The risks of losing funds are significant.
Conclusion
INSTAGRAM CAT presents as a high-risk token with concerning security characteristics from a technical perspective. The renounced ownership and clean contract implementation provide a solid foundation for future development. However, the current market dynamics, particularly the limited liquidity and trading activity, require careful consideration from potential investors. We advise extreme caution and recommend against trading this token.