How to Spot Honeypot Crypto Scams

Honeypot scams are very unique in that they are perpetuated through smart contracts. Smart contracts are blockchain-based programs that carry out specific actions when certain conditions (which are specified in the code) are met. Honeypots are known to be more common in the demilitarized zones of popular blockchain networks. This makes them harder to detect by other network users thus, gives them a higher success rate. But these tips may save your money and time both.

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