What is Honey Pot?
These are tokens designed to trick users into trading and steal their funds. In a Honey Pot scheme, the malicious contract seems legitimate and often recruits various KOLs or group leaders to encourage investors to buy in. Initially, investors may even see some profits. However, when they try to sell or transfer their tokens, they find that the contract blocks the transaction. This allows the scammers to steal users' funds, leaving them unable to recover their losses.
Can DEXX Remove Honey Pot Tokens? DEXX is a decentralized trading tool, so we donβt have the authority to list or delist tokens. As long as there's a valid CA, any token can be traded on DEXX.
Last updated