Creating a system to verify tokens and identify risky ones in the cryptocurrency space is crucial for the safety of users. While the specific criteria may vary, here are some general guidelines we consider for both verified and risky tokens:
Verified Jetton Criteria:
1) Transparency and Legitimacy:
- Full disclosure of the project's team members, with verifiable credentials.
- Clearly defined use case and purpose for the token.
- Transparency in development progress and milestones.
2) Audited Code:
- Regular and public code audits by reputable third-party security firms.
- Open-source codebase for community scrutiny.
3) Community Support:
- Strong and engaged community with positive sentiment.
- Active social media presence and community-driven initiatives.
4) Partnerships and Collaborations:
- Official partnerships with reputable companies or organizations.
- Collaboration with established blockchain projects.
5) Listing on Reputable Exchanges:
- Presence on well-known and trusted cryptocurrency exchanges.
- Regularly updated exchange listings.
6) Transparency of Token Supply:
- Clearly defined tokenomics with a limited and transparent token supply.
- Regularly updated information on circulating and total supply.
Risky Jetton Criteria:
1) Anonymous Development Team:
- Lack of disclosure or transparency about the project's team members.
2)Unrealistic Promises:
- Overhyped claims without a clear use case or utility.
- Promises of high, guaranteed returns.
3) Unverified Source Code:
- Lack of open-source code or reluctance to undergo code audits.
4) Lack of Community Support:
- Negative sentiment or lack of community engagement.
- Numerous user complaints or reports of suspicious activities.
5) Fake Partnerships:
- Claims of partnerships that cannot be verified.
- Lack of collaboration with reputable entities.
6) High Token Supply with Poor Distribution:
- Large total supply with a significant portion held by a small number of addresses.
- Suspicious token distribution patterns.
7) Listing on Untrusted Exchanges:
- Limited or absence of listings on reputable exchanges.
- Presence on exchanges with a history of security issues or scams.
Verified Jetton Criteria:
1) Transparency and Legitimacy:
- Full disclosure of the project's team members, with verifiable credentials.
- Clearly defined use case and purpose for the token.
- Transparency in development progress and milestones.
2) Audited Code:
- Regular and public code audits by reputable third-party security firms.
- Open-source codebase for community scrutiny.
3) Community Support:
- Strong and engaged community with positive sentiment.
- Active social media presence and community-driven initiatives.
4) Partnerships and Collaborations:
- Official partnerships with reputable companies or organizations.
- Collaboration with established blockchain projects.
5) Listing on Reputable Exchanges:
- Presence on well-known and trusted cryptocurrency exchanges.
- Regularly updated exchange listings.
6) Transparency of Token Supply:
- Clearly defined tokenomics with a limited and transparent token supply.
- Regularly updated information on circulating and total supply.
Risky Jetton Criteria:
1) Anonymous Development Team:
- Lack of disclosure or transparency about the project's team members.
2)Unrealistic Promises:
- Overhyped claims without a clear use case or utility.
- Promises of high, guaranteed returns.
3) Unverified Source Code:
- Lack of open-source code or reluctance to undergo code audits.
4) Lack of Community Support:
- Negative sentiment or lack of community engagement.
- Numerous user complaints or reports of suspicious activities.
5) Fake Partnerships:
- Claims of partnerships that cannot be verified.
- Lack of collaboration with reputable entities.
6) High Token Supply with Poor Distribution:
- Large total supply with a significant portion held by a small number of addresses.
- Suspicious token distribution patterns.
7) Listing on Untrusted Exchanges:
- Limited or absence of listings on reputable exchanges.
- Presence on exchanges with a history of security issues or scams.