In a significant move to enhance trader security, CoinStats has announced the integration of Glider Token Risk, a cutting-edge scanning technology developed by the renowned cybersecurity firm Hexens. This innovative tool aims to provide traders with crucial insights into smart contract risks, addressing the alarming rise in scam tokens that have plagued the crypto market. The material points to an encouraging trend: increased awareness and proactive measures in the crypto space.
Introduction of Glider Token Risk
The integration of Glider Token Risk is particularly timely, as over 74,000 scam tokens were launched in 2024 alone, resulting in nearly $10 billion lost by traders. This new feature allows users to gain instant visibility into 22 different smart contract risks before making any purchases, significantly improving their decision-making process.
Thorough Analysis of Contract Logic
Glider Token Risk conducts a thorough analysis of contract logic, uncovering potential threats that may be overlooked by other tools. By identifying various risk categories such as:
- blockable transfers
- balance manipulation
the scanner provides clear explanations for each identified risk, empowering traders with actionable insights.
Evolution of CoinStats
With this enhancement, CoinStats is evolving from merely a portfolio tracker to a comprehensive educational tool and security guard for traders. Currently, Glider Token Risk is compatible with major EVM-compatible chains and is accessible to CoinStats Degen plan subscribers on iOS, Android, and web platforms, promoting safer trading habits in the ever-evolving crypto landscape.
As businesses increasingly prioritize nearshoring to enhance resilience and drive local innovation, the cryptocurrency market is also witnessing significant shifts. Currently, the rise of community-driven investments, particularly in meme coins like FLOKI, reflects a broader trend influenced by social media dynamics. This evolving landscape has been detailed in a recent report, which you can read here.
