The Wallet Guardian

Good to know: functions are available according to pricing plans

Not all your assets are safe coins or tokens! Some of them are shitcoins, or fresh launched tokens. It’s well known that some might be subject to scam. Why not keep them safe?

Our built-in mechanism of the App, offers users the option to guard their assets.

In case a scammer tries to rip you off, our App dodges their intentions.

And that, without ever asking for your private key!

Here are some scam examples explained:

Honeypot

Scammer launches a token that allows people to purchase but not sell, either immediately (aka an instant honeypot) or some time after trading begins (aka a delayed honeypot). After the honeypot has run long enough, the scammer uses one of several techniques to drain the chosen currency from the liquidity pool, usually by swapping the LP tokens, minting more tokens then selling, or perhaps calling a custom function in the smart contract to transfer investor or even liquidity pool balances to themselves (aka a Balance Swapper).

Rug pull

Scammer launches a token, than adds initial liquidity, and waits for people to purchase the token. Once the scammer is satisfied with the amount gathered within the pool, they remove/pull out liquidity, leaving innocent investors holding a worthless token.

Some suggest to wait for liquidity to be locked, but modern scammers use different techniques to fool honest investors, even slow rugging. Some, are described bellow.

Balance Drainer

This is one of the most dangerous scam techniques! The scammer adds a custom function to the smart contract that transfers holder balances to an address the scammer controls. It is used/enabled at the scammers wish, or automatically from the smart contract! The scammer can simply sell any amount from the wallet he wants, draining the pool slowly or simply by droping it all.

Hidden Mint Function

Scammer adds a function to the smart contract that mints an amount of additional tokens, usually over the current total supply. The scammer than dumps that amount into the pool, leaving the investors with a token without value.