*Paid Advertisement. Not financial advice. RugDoc is not responsible for the projects showcased here. DYOR and ape safu.

Balance Network Token

BSC

RugDoc Review

High Risk

They present themselves as a next-generation cryptocurrency exchange committed to offering alternative financing and non-bank asset management solutions outside of traditional financial systems and banking establishments with integration into the NFT Marketplace.

Most of the sections are still unfinished or not directly available at the time of this review.

🚨🚨 The MultiSwap Section [link] requests your 12-word seeds and notifies you that once imported your balance will be “restored” and your funds may disappear. This is definitely weird. First, if you have to restore a wallet, it would be enough for you to do it in the original app; Second, the restore process never involves anything with the funds, as it only restores access to them. 🚨🚨

⚠️⚠️ Please always keep in mind that you should NEVER and under NO circumstances provide your seeds to any person/website. If you still do not understand the importance of what is stated here, we invite you to read our article on this topic [link].

$BLN Token

  • Simple implementation of ERC20 token that uses role-based access control.
  • They have two audits by InterFi Network and Solidity Finance. It is worth clarifying that in both cases, it is only an audit performed on the Token contract.
  • 🚨 At the time of this review, the token owner maintains their Minter role. Therefore, in the event that tokens are burned, they are deducted from the total supply, which would allow the minter to mint those tokens again later and dump them.
  • ✅ No transfer tax.
  • ✅ No anti-whale.
  • Max Supply: 300M
  • PreMinted: 300M [see holders]
    • 150M (50% of total supply) locked until 7 Jan 2023 [tx].
    • 750K for Crowdpooling on Dodo [tx | link | read more about crowdpooling].
      • 375K tokens for sale.
      • 375K for the initial liquidity that will be locked for the next 30 days after the end of the launchpad.
    • ⚠️ They have used 1K to add liquidity in a router of their own [ tx1 | tx2 ]. Clarify with the project the reason for this.
    • ⚠️⚠️ ~ 150M tokens remain in the dev wallet. Clarify with the project about their destination. There is a risk that they will be used to dump them on you.
  • Payout Method: None
  • Auto-Liquidity: None
  • Governance Privileges: Owner can mint new tokens up to max supply, The owner can grant the Minter role to any user address

⚠️ Triple check the contract you interact matches the one reviewed here (0xE90334…19dd)

Updated on 29 April 2022

*Paid Advertisement. Not financial advice. RugDoc is not responsible for the projects showcased here. DYOR and ape safu.

Project Type

Token

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Our mission here at RugDoc is to screen for hard rug code that results in 100% theft of ALL underlying funds for ALL participants.

This is the ONE part of the due diligence process that most people cannot simply do on their own as it costs thousands of dollars to hire a senior solidity developer to look over a farm for safety.

A project coin with terrible code can go up in price, and a project with good code and a good team can also go down in price.

Do NOT use our ratings to refer to your likelihood in making money if you invest in the project. They are ONLY in reference to code safety.

Everything else beyond code safety is YOUR responsibility to go do research on. We just make sure the casino you’re betting in won’t rob you before you even get to place a bet.

Our reviews for projects are organized into a few colors.

🟢 Least Risk
These projects are the least likely to hard or soft rug. Usually reserved for cornerstone projects of an ecosystem where it makes no financial sense for them to rug in any manner as they make more money just being legit.

🔵 Low Risk
These projects are usually established projects in an ecosystem that have a track record of success or have KYC’d to us or other authoritative sources in the real world. As a result, it is extremely unlikely for them to soft rug or hard rug their projects. The projects can still fail and the token price can go down, but usually more as a result of natural market forces.

⚪️ Some Risk
This is the default rating for projects with unknown teams but have code that is unlikely to have hard rug risk. Since the team is unknown and doesn’t have a track record of success, it’s entirely possible that they may try to soft rug by dumping tokens, abandoning the project, etc. Even a last minute contract swap to a malicious contract is possible. The only thing that is unlikely is a complete hard rug as long as you are 100% sure you deposit into the contract we review.

🟠 Medium Risk
Similar to Some Risk, but the underlying code itself is custom enough or complex enough that it warrants an elevated risk rating that needs deeper research. Make sure you read every point presented to make sure you’re comfortable with that before entering. Still unlikely to hard rug, but more chances of custom code behaving incorrectly and causing other issues.

🔴 High Risk
Project contains code or practices that are HIGHLY LIKELY to lead to catastrophic losses as they are right now. Make sure you read the description carefully as we will always warn what these issues are. If you see the words Hard Rug anywhere in the review, STAY FAR AWAY!

⚫️ Not Eligible
We reserve the right to not review exceedingly complex projects that would require tens of thousands of dollars of senior security analyst man hours. Typically these are projects that deal with leverage, lending, options, derivatives, and anything that is overly complex and which requires tons of peer reviews and audits from top audit companies.

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🟢 For owners who have made impactful changes and would like an update to their farm review:

1️⃣ Use #update at @RugDocChat with your description and proof of changes and it will be forwarded to our scanners.

2️⃣ This does not guarantee a change in your review.

3️⃣ Owners who have difficulty solving the issues can consider our Consultation Package – please contact @BaymaxCrypto on Telegram to discuss.