Coin: Unlimited Cope
Ticker: COPE
Date Deployed: Mon Nov 28 2022
Origin of the Project
COPE is a platform designed to help the community analyze the calls made by traders, offering valuable insights into their performance. Founded by Cyrii, the platform tracks and evaluates trader calls automatically, categorizing and classifying them. By comparing the accuracy and effectiveness of these calls against relevant markets,
COPE empowers users to make better-informed decisions, offering a comprehensive view of how traders perform in different market conditions. Positioned to tap into the $100 billion blockchain PlayFi market, COPE delivers a full solution for analyzing trader calls across various markets, time periods, and intervals.
COPE Product Features
COPE Leaderboard:
- Allows users to track and monitor the performance and status of traders within the platform.
Spacedrop:
- A token distribution method enabling eligible community members to claim tokens, rewarding participation.
Blockchain Gaming:
- Integrates arcade-style gaming on the Solana network, enhancing the gaming experience with blockchain technology.
Should COPE Be in Your Portfolio?
Before you decide whether or not to add COPE 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 COPE
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 COPE on Solsniffer
- Copy the COPE contract address: 8HGyAAB1yoM1ttS7pXjHMa3dukTFGQggnFFH3hJZgzQh
- Open the Solsniffer website and paste the address in the search bar.
- Within seconds, a detailed analysis of COPE on-chain data is generated.
- A security score called Snifscore also ranks the project out of 100 to determine the authenticity of the project.
COPE Tokenomics
Total Supply: 49,999,912
Max Supply: 49,999,912
Market cap: $187,142
Snifscore Analysis
Snifscore: 72/100
High-risk factors: 4
Medium-risk factors: 1
Low-risk factors: None
Summary of (5) Contract Passed Indicators
- No freeze risk
- No transferability risk
- No permanent control risk
- Adequate liquidity levels
- No custom fees applied
Summary of (5) Contract Risks to Consider
- Private wallet holds significant supply – High Risk
- Top 10 wallets hold significant share – High Risk
- Top 20 wallets hold significant share – High Risk
- Large portion of LP is unlocked – High Risk
- Metadata mutability risk – Moderate Risk
Spot if COPE 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.
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