X314 Security Report
Security Status
Token Tax
Token Information
Security Analysis
Contract Security
Ownership Security
Trading Security
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Detailed Token Analysis
Overview
X314 (X314) represents an emerging cryptocurrency project on the BSC 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 verified on BscScan, providing complete code transparency and allowing for public audit of its functionality. This verification is crucial as it confirms that the deployed contract matches the published source code, significantly reducing the risk of hidden malicious functions.
Through our comprehensive examination, we've found that X314 implements a standard ERC-20 structure with several positive 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, X314 demonstrates strong fundamental characteristics. The smart contract implementation follows best practices, with no identified honeypot characteristics or malicious code patterns. 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 noteworthy. There are no minting capabilities, meaning the total supply is fixed and cannot be increased. The presence of hidden owner privileges raises significant security concerns. External interactions are limited to standard DEX integration patterns, minimizing the attack surface and potential vulnerabilities.
Trading Environment
The trading mechanics of X314 have been designed with fairness and simplicity in mind. The token implements a zero-tax structure across all transaction types - no fees are charged on buying, selling, or transferring tokens.
Current market metrics reveal that X314 is in its early stages of development. With a total supply of 57.50M X314 and a current price of $0.0009, 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 $2,283, with a 24-hour trading volume of $0.0₍12₎, indicating a liquid market that could be suitable for regular trading activity.
Market Dynamics and Risk Analysis
The market dynamics of X314 present an interesting picture of an established token. With 8.86K unique holders, the token is in its distribution phase. The creator maintains a modest position of 0.026048% of the total supply, indicating no concerning level of ownership concentration.
Based on our comprehensive security analysis, this token does not show immediate signs of being a honeypot. However, as with all cryptocurrency investments, users should conduct their own research and exercise caution.
Trading Recommendations
For traders considering a position in X314, we recommend implementing a cautious approach:
First, any trading activity should begin with small test transactions to understand the actual price impact and trading mechanics. The current liquidity environment requires careful position sizing to avoid significant slippage.
Second, continuous monitoring of liquidity levels and trading volumes is essential. Changes in these metrics could significantly affect the ability to enter or exit positions at desired price levels.
Finally, while the token's security features and implementation are sound, the current market conditions and available liquidity suggest that traders should only commit capital they can afford to hold through periods of potential illiquidity or volatility.
Conclusion
X314 presents as a securely implemented token with strong fundamental characteristics from a technical perspective. The renounced ownership and clean contract implementation provide a solid foundation for future development. The current market dynamics show healthy liquidity and trading activity, though standard cryptocurrency investment risks apply. While the token shows promise from a security standpoint, successful trading will require careful position management and risk awareness.