Token Safety Glossary
Plain-language definitions of the terms behind every Tok{In} scan.
- Honeypot
- A honeypot is a crypto token you can buy but cannot sell, because its contract blocks or confiscates the sale.
- Rug Pull
- A rug pull is a scam in which a token team drains holder value, usually by removing the liquidity that backs the token.
- Mintable Token
- A mintable token is one whose contract can create new tokens after launch, increasing total supply and diluting existing holders.
- Proxy Contract
- A proxy contract delegates its logic to a separate implementation address that can be swapped, making the token upgradeable.
- Sell Tax
- A sell tax is a percentage a token contract skims from every sale, redirecting it to the deployer, liquidity, or a fee wallet.
- Buy Tax
- A buy tax is a percentage a token contract takes from every purchase made from the liquidity pool.
- Blacklist
- A blacklist is a contract feature that lets a token owner block specific wallets from transferring or selling.
- Ownership Renouncement
- Ownership renouncement sets a contract's owner to a dead address to remove owner-only powers, but it is not proof of safety.
- Liquidity Pool
- A liquidity pool is the on-chain reserve of two tokens a decentralized exchange uses to let people trade one for the other.
- LP Lock
- An LP lock secures a token's liquidity-pool tokens in a time-lock or burn address so the team cannot withdraw the pooled funds.
- Slippage
- Slippage is the difference between a trade's expected price and the price actually executed, caused by price movement or token taxes.
- Bytecode Decompilation
- Bytecode decompilation reconstructs a smart contract's logic from its on-chain EVM bytecode, even when no source code is published.