HOW TO CONFIRM IF TRULY A TOKEN'S LIQUIDITY IS LOCKED – My Scholarship Baze (2024)

First, locate the token contract, this could be found in the blockchain scanner of that particular token. Let’s say the token we are talking about is a BSc token, so we head to bscscan.comand locate the contract address of the token.

The contract is vast with a lot of information about the token, including the number of minted tokens, the number of holders, contact codes, and more information.

If this token is on the Solana blockchain you head to solscan.io to get every information you need about the coin.

If the token is an Ethereum blockchain token, you head to ether scan, Now for BSc tokens where most of the scam tokens are unleashed currently, you can use the poocointool, which shows tokens Info once the contract address is placed on app.poocoin.com.

To check properly if a token liquidity is locked, go to the bscscan.com of the token with the contract address, then under the transfers section, head over to page 1, or any page that has the liquidity addition (usually the first interaction with pancakes was router contract).

Then click on the TX hash, and scroll down to where you find the liquidity pool tokens transferred to the dev wallet. Click on the dev wallet, will take you to his lp holdings. If he has 0 lp holdings, then check the transfer section to confirm if he’s sent the lp tokens to the burn address, if not, just know you’re trading at your own RISK.

The burn address addresses that no one has access to. If liquidity is not burned or locked for a long time, it could be pulled out from the lp holdings and then the token will rug. Trade with caution