Honeypot token
A honeypot is a token whose contract lets you buy but blocks or heavily taxes selling.
Related terms
Rug pullA rug pull is a scam where token creators drain the liquidity or dump their supply, leavin…Smart contractA smart contract is a program on a blockchain that runs exactly as written when its condit…Buy and sell taxSome tokens take a percentage of every buy or sell. The contract owner can sometimes raise…
Written by the VaultX AI team. Educational only, not investment advice.
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