Well, right now I’m trying to reload my bag, but since last week I’ve only come across a series of shitcoins… honestly discouraging as soon as I start digging!
Today, I came across a project called PredictAI, based on the Binance Smart Chain. The concept would be to use multiple sources of information to help traders in predictive markets make better decisions, rather than relying solely on visible data. Basically, it seems to want to do part of the work of AI agents for predictive markets… well, I don’t really master this aspect 🤪
So, I started analyzing the tokenomics, and here’s what stands out:
> Tokensniffer and Speculoos indicate that the source code is closed
> Very little information on the distribution of tokens, with inconsistencies between their site and Bscscan
> BscScan also reports a lack of reliability regarding the constructor
And generally, this kind of message is a big red flag. The constructor is often where malicious functions can be injected:
> turn the token into a honeypot
> or create an undeclared token reserve that the creator can discreetly liquidate
So, I’m seriously starting to think that this could be the case here… otherwise, why keep the source code closed on Honeypot.is and Speculoos?
I already asked the question in their group, they scheduled a live meeting for me tomorrow. We’ll see what comes of it.
The token is currently available on PancakeSwap, DEXTools, and other DEX.
If you have interesting projects you’re working on, share them here so we can do DYOR together!
Otherwise, have a good night 🌃