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Glossary / Honeypot token

Honeypot token

A honeypot is a token whose contract lets you buy but blocks or heavily taxes selling.

Why it matters

A security scan of the contract can flag this before you buy.

Scan new tokens for risk

Related terms

Rug pullA rug pull is a scam where token creators drain the liquidity or dump their supply, leavin…Smart contractA smart contract is a program on a blockchain that runs exactly as written when its condit…Buy and sell taxSome tokens take a percentage of every buy or sell. The contract owner can sometimes raise…

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Written by the VaultX AI team. Educational only, not investment advice.

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