2026-01-07 06:25:50

Many people tend to overlook a detail when choosing a coin—whether the contract is truly open source and verified. Taking LGNS as an example, the contract address for this project has been fully open sourced, and administrative privileges have been completely relinquished. This is true decentralization in operation.

Conversely, if the cryptocurrency contract you hold is not open source or has not been verified, it is essentially a centralized coin. In such cases, the big players hold absolute control, and retail investors are easily exploited. The difference isn't complicated; the key is to learn how to check the contract yourself.

Next time you acquire a new coin, take some time to verify whether the contract code is genuinely open source and has undergone proper auditing. This habit can help you avoid many risks. I will later share how to specifically check contract information and teach you how to determine whether a coin is truly decentralized.

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DefiPlaybook

· 23h ago

Honestly, most people don't pay attention to these details. I've also fallen for it before, rushing in without verifying the contract [dog head]. Discarding admin permissions is the most crucial step; otherwise, open sourcing is just a facade. It takes time to review the code, but it's much better than getting exploited. Waiting for your query tutorial. This area definitely needs more awareness.

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AlwaysQuestioning

· 01-09 07:06

Really, reviewing the contract is very important.

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AirdropHustler

· 01-07 23:51

Really, the blood and tears lessons of seasoned investors... If I see the contract isn't open source, I'll just run away.

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CrossChainBreather

· 01-07 06:53

I've made everything clear to you. If you dare to touch non-open-source contracts, you deserve to be exploited.

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PuzzledScholar

· 01-07 06:39

Really, I just pass on tokens whose contracts are not open source. Too many people have had issues here.

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ReverseTrendSister

· 01-07 06:38

To be honest, I've been burned by this before. The tokens I bought were immediately black-boxed upon inspection. Now, the first step in evaluating a project is to analyze the contract.

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FOMOSapien

· 01-07 06:36

To be honest, most people holding coins haven't even read the contract, it's like blind buying.

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ChainChef

· 01-07 06:34

ngl checking contracts is like tasting the sauce before committing to the whole dish... most people just yolo in blindfolded tbh

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