De.fi - Avoid Crypto Scams with Scanner and Shield before you Ape

Oct 02, 2023

Over $77b lost to cryptocurrency hacks and rug pulls

In seconds, you could have easily prevented every scam

Here is my secret tool that I use to spot rug pulls early 🧵👇

In this thread I’ll be showing you:

🔷 What is scanner 🔷

Scanner is a scanning tool that can thoroughly analyze any smart contract on over 10 different blockchains.

It can verify that smart contracts are secure before users interact with them, since audits can sometimes be inadequate or misleading.

@DeDotFi can tell us about:

Shield is designed to protect users' wallet assets and ensure their security.

It works by continually scanning any smart contracts, tokens, or approvals connected to the user's wallet across 10+ different blockchains.

This systematic monitoring allows @DeDotFi to detect potential threats from insecure contracts or malicious tokens that a user has interacted with.

Likely, these can be malicious contracts, which puts the wallet at risk

🔎 Scanner is similar to @Token_Sniffer functioning like a smart contract auditor.

How can you protect yourself against rug pulls from these scam memecoin token:

Here is a walkthrough guide I made for $GAMER (scam CA)

🛡️Shield is a favorite feature of mine as a super neat alternative to @RevokeCash

It alerts users of risks that might be affecting their wallets, and it also allows you to revoke access.

How to get shielded against the unknown coins out there:

I have always been extremely caution in my trades as I have used @DeDotFi to protect myself from rugpulls

If I am not entirely careful and greed takes over that’s when I lose my level headedness

There are many shill channels to which you can subscribe and receive notifications for the next 100x tokens.

But I always do a deep dive research before aping into anything, just don’t trust anything out there.

For instance, when I see this channel notification, I will quickly grab the token CA check out its socials and paste it in @DeDotFi’s scanner.

Earlier the scam CA $GAMER was used to illustrate that scanner picked it up

The real $GAMER has already made 43,000% gains from the time it launched

And as I am making this thread, the $GAMER just made a new ATH.

The scanner validated the token CA security and its turns out that this is SAFU.

(This is just an example to illustrate @DeDotFi use case and it is NFA!!)

It scored a 100/100

The only flaw it has is the lack of liquidity

I personally enjoyed using @DeDotFi to sift through the dust vs gems and I must say its been a super useful tool

It protects me from rugs and malicious token approvals that is hiding in my wallets.