Every project will say that they have great security, but without external validation or regulation, how do you know which of them are mistaken or outright lying.
Every project will say that they have great security, but without external validation or regulation, how do you know which of them are mistaken or outright lying.
If you're interested, here's an overview of the honeypot scam (common with DeFi tokens) and how we're helping alert users to it: https://agentsofinu.medium.com/the-honeypot-scam-what-is-it-...
IMO security just comes from time spent operating vs amount of hacks. If you've been operating for a couple of years with no known hacks then I trust the team behind the project.
Also as monox (who got hacked this week) shows 3 audits this year are no guarantee https://docs.monox.finance/library/audits
The entry to creating your own token is so low that people with little to no coding experience are attempting to add/modify functionality. Community insistence to get audited is useful to pick up on these.