To know if the currency is risky or not, follow these steps:
1️⃣ Go to the currency index
2️⃣ Choose the audit section
3️⃣ Security details of the currency will appear
Is there a warning or not
and the number of warnings, if any
🔹 If the word Mint appears, it means that the developers of the currency can increase the supply of the currency at any time.
Example: If the supply is 1,000,000,000 coins
They can add 200,000,000 new coins
The total will be 1,200,000,000 coins
⚠️ Increased supply = pressure on price = potential strong drop
And this is the biggest example of the danger of some currencies like the one shown in the picture 👇
📌 Therefore, do not enter any currency before reviewing the audit and warnings section
Risk management is more important than profits
> Educational content only and not investment advice.
