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Many people ask: When participating in new listings, how can we avoid scams and identify good projects? The answer is actually straightforward—rely not on luck, but on tools. In the crypto market, the key to new listings is not speed, but whether you can identify risks at the first moment. Today, I will share some essential contract screening tools for daily use. Master these techniques, and you will no longer be cut by low-quality projects.
**Tip 1: Etherscan/BscScan — Basic Contract Inspection**
No matter which new listing channel you use, the first step is to check the contract. This is fundamental knowledge. Copy the token contract address and paste it in; focus on three aspects: First, whether the contract is verified and open source—if not verified, just skip it; second, check permission settings, especially whether the mint (additional issuance) function is retained—if yes, the team might dump the token later; third, look at the token distribution—if the top ten addresses control over 50% of the tokens, it indicates high control by a few, and the project is likely a pump-and-dump. Developing this habit as a beginner can filter out at least 70-80% of problematic projects.
**Tip 2: Token Sniffer — Automated Risk Scanning**
This tool is a magic weapon for quickly identifying low-quality projects. Enter the contract address, and it automatically runs scans to detect various risk factors in the tokenomics—such as abnormal transaction taxes, hidden backdoors, or whether liquidity is truly locked. Use it first to evaluate new listings; if the risk score exceeds 60 points, there’s generally no need to look further.