🛡️Security

When viewing a token page in the Prerich app, you will see a security section that provides important information about the token's security features to help you make informed trading decisions.

Mint Authority

What is Mint Authority?

• Definition: Mint Authority refers to the power held by the token creator to mint (create) new tokens. If Mint Authority is enabled, the creator can increase the supply of the token at any time.

• Risks: Enabled Mint Authority can lead to inflation and devaluation of the token if additional tokens are minted unexpectedly. Ensure Mint Authority is disabled to avoid unexpected increases in token supply.

Freeze Authority

What is Freeze Authority?

• Definition: Freeze Authority allows the token creator to freeze any token at any time, restricting the movement or selling of the token.

• Risks: Enabled Freeze Authority can trap your funds, preventing you from selling or transferring the token. Ensure Freeze Authority is disabled to prevent your tokens from being frozen.

Liquidity Pool (LP) Lock

What is a Liquidity Pool?

• Definition: A liquidity pool is a pool of funds that allows users to buy and sell tokens. It is paired with an established cryptocurrency like Solana ($SOL) to provide liquidity for trading.

• Importance: Ensure that the liquidity pool is locked, meaning the funds in the pool cannot be withdrawn by the token creator, providing security to token holders.

Top 10 Holders

What is Top 10 Holders?

• Definition: This metric shows the percentage of the total token supply held by the top 10 holders.

• Risks: A high concentration of tokens among a few holders can indicate a risk of price manipulation.