b9_1155what is honeypot?
a token contract that lets people buy but blocks or heavily taxes selling.
a common sign is many buys and almost no successful sells from ordinary wallets.
related words
- rug pull when the people behind a token or project take the money and leave.
- liquidity pool a pot of tokens (usually two) held in a smart contract that lets people trade between them.
- recovery scam a second scam aimed at victims, offering to get lost crypto back for a fee.
part of the topic whitepapers: free articles, more words and the guide.
checked . education, not advice. found a mistake? see corrections.