What is Itheum.io (ITHEUM)? Project and Token Analysis

Coin: Itheum
Ticker: ITHEUM
Date Deployed: Fri Aug 16, 2024

 

Origin of the Project

Itheum is a pioneering platform that gives users control over their data in the Web3 and Metaverse ecosystems. By utilizing decentralized data brokerage technology, Itheum allows valuable data to be moved from Web2 into Web3 and traded directly between individuals. This creates new ways for users to take ownership of their information and unlock its value in a peer-to-peer digital environment.

As the first cross-chain platform of its kind, Itheum breaks down the barriers of data locked away by Web2 organizations. It aims to give individuals the power to manage and benefit from their own data, turning it into a tradeable asset. In doing so, Itheum helps users regain control of their personal information and prepares them to thrive in the emerging Web3 and Metaverse worlds.

Itheum Product Features

Data NFTs:

  • Transform your data into digital licenses for on-chain ownership, allowing you to monetize your data through smart contracts.

Data NFT Marketplace:

  • Buy, sell, and trade verified data in a dedicated marketplace, facilitating secure transactions of Data NFTs.

Itheum Explorer:

  • Access and visualize raw data within Data NFTs, improving the overall user experience and data comprehension.

NFME ID:

  • Use the Non-Fungible Me (NFMe ID) as your digital avatar in the metaverse, serving as proof of your reputation and enabling interactions in the data ecosystem.

 

Should ITHEUM Be in Your Portfolio?

Before you decide whether or not to add ITHEUM to your portfolio, click here to scan the contract on Solsniffer. Solsniffer is the number one blockchain intelligence tool to detect security risks on Solana. Security risk analysis on Solana has never been easier. Make sure to be aware of potential DeFi wallet scams and other crypto security concerns before investing.

 

Key Tips to Consider Before Trading or Investing in ITHEUM

Reviewing the whitepaper. This will give detailed insights into the project’s goals, technology, and roadmap. A well-written whitepaper outlines the problem the project aims to solve, how the token functions within its ecosystem, and the long-term vision. If the whitepaper is vague, overly technical without substance, or lacks clear explanations, it can indicate a poorly structured project. Understanding the whitepaper helps traders and investors determine if the project is viable.

It is also important to check the development team’s background and track record because they reveal the credibility, expertise, and past successes of team members. A team with a proven history and good reputation of delivering successful projects in the Solana industry is more likely to build other sustainable projects. An inexperienced team can be a red flag.

Use appropriate risk management strategies when trading or investing in a Solana project to protect your portfolio from significant losses. One key approach is establishing clear entry and exit points before investing. This means deciding in advance the price at which you’ll buy into a project and when you’ll sell, either to lock in profits or minimise losses. 

Additionally, diversifying your investments across multiple projects rather than placing all funds into one asset further reduces risk. By spreading your investment across different projects, you minimise the impact of any one project failing or experiencing a significant downturn. 

Emotional decisions often lead to poor timing and significant losses. For more stable, long-term gains, avoid the Fear of Missing out (FOMO), which can drive investors to chase hype without proper research, only to experience sudden downturns due to irrational and impulsive decisions.

 

How to Scan ITHEUM on Solsniffer

  1. Copy the ITHEUM contract address: iTHSaXjdqFtcnLK4EFEs7mqYQbJb6B7GostqWbBQwaV
  2. Open the Solsniffer website and paste the address in the search bar.
  3. Within seconds, a detailed analysis of ITHEUM on-chain data is generated.
  4. A security score called Snifscore also ranks the project out of 100 to determine the authenticity of the project.

 

RIN Tokenomics

Total Supply: 1,000,000,000
Max Supply: 1,000,000,000
Market cap: $2,110,543 

Snifscore Analysis

Snifscore: 0/100
High-risk factors: 7
Medium-risk factors: 2
Low-risk factors: 1

 

Summary of (5) Contract Passed Indicators

  1. No freeze risk
  2. No auto-freeze risk
  3. No custom fees applied
  4. All liquidity pools known
  5. No custom fees applied

 

Summary of (10) Contract Risks to Consider

  1. Mintable risk detected – High Risk
  2. Private wallet holds significant supply – High risk
  3. Top 10 wallets hold significant share – High Risk
  4. Top 20 wallets hold significant share – High Risk
  5. Large portion of LP is unlocked – High risk
  6. Insufficient liquidity – High Risk
  7. Very low liquidity risk – High Risk
  8. Metadata mutability risk – Moderate Risk
  9. Low LP provider count – Moderate Risk
  10. Recently deployed contract risk – Low Risk

 

Spot if ITHEUM Is a Scam Token

Transparency provides investors with clear insight into the project’s goals, technology and financials. This openness reduces the chances of fraud, promotes accountability, and builds trust with the community. 

Team identity can also help identify potential crypto scams because it reveals whether the project’s leaders have credible backgrounds. Anonymous or fake teams raise red flags, while established and reputable individuals on the team attract support from the community.

Scam projects often use hype and flashy marketing to attract investors without offering real value or purpose. They focus on creating excitement rather than addressing a genuine problem or providing a necessary solution. If a project struggles to explain its purpose or the need for its token clearly, it may lack substance, and investors might be scammed down the line.

Staying vigilant and conducting thorough research will help you avoid most crypto scams, as fraudulent projects often exploit investor excitement and lack of information. Additionally, protecting your assets by using wallet security best practices, such as enabling two-factor authentication and storing private keys securely, can reduce your risk.

Learn more about Solsniffer:

Solsniffer, Secure Trading and Security on Solana

ITHEUM Official Links

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