OP 24 September, 2024 - 11:31 PM
HI Guys ![[Image: ?u=https%3A%2F%2Fmedia.nulled.to%2Fpubli...Fheart.png]](https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Fmedia.nulled.to%2Fpublic%2Fstyle_emoticons%2Fdefault%2Fheart.png)
The honeymanOne team welcomes you . We specialize in it-crypto, our services include: development of crypto projects and all kinds of custom smart contracts (Solana honeypot contract has too! Write while it's trending)
Honeypot token in cryptocurrency is a type of token specifically designed to attract investors with the promise of quick gains. Honeypot contract is coded to allow users to buy the token but prevents them from selling it, effectively trapping their funds.
These tokens exploit the decentralized nature of the blockchain, where customizable smart contracts govern the token's behavior, and transactions are irreversible. The token's name derives from the concept of a "honeypot," a trap designed to lure in unsuspecting targets with the promise of something sweet.
Honeypot tokens are frequently launched, taking advantage of the speculation in crypto market. Investors, impressed by the rapid growth of an asset, often find themselves unable to exit their position once they've bought the token. This results in significant financial losses for the investors and high profits for the creators of these tokens, who withdraw the funds from the honeypot smart contract.
The profitability of honeypot tokens has led to their rapid proliferation across various blockchains, especially those gaining popularity in the crypto space. Historically, Ethereum and Binance Smart Chain have been common platforms for launching honeypots. However, as newer blockchains become trendy, they also become prime targets for honeypot tokens.
In 2024, Solana became a leader in the memecoin space, making it a hotbed for new token launches, including solana honeypots. However, honeypot crypto creation methods for EVM compatible blockchains (Ethereum or BSC) won’t work on Solana. This discrepancy is due to fundamental differences in how Solana's blockchain architecture and token contracts work compared to Ethereum.
The differences between Solana and EVM blockchains raise the question of how to adapt the way of honeypot token creation on different platforms. Why is the standard way to create a token is not applicable to Solana? How to make token honeypot on Solana? Today we will try to find out. First of all, it is necessary to understand the differences between tokens on Solana and tokens on Ethereum/BSC.
Ethereum, Binance Smart Chain (BSC), Base, Arbirtum, Polygon, and similar platforms are EVM blockchains; they share a common architecture that allows smart contracts to be deployed in the same way (using the Remix IDE), and tokens in these blockchains are created using ERC-20 contracts.
My current contacts for our products and other issues: TG honeymanOne![[Image: ?u=https%3A%2F%2Fstatic.cracked.io%2Fima...peokay.png]](https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Fstatic.cracked.io%2Fimages%2Fsmilies%2Fpepeokay.png)
The honeymanOne team welcomes you . We specialize in it-crypto, our services include: development of crypto projects and all kinds of custom smart contracts (Solana honeypot contract has too! Write while it's trending)
What is a Honeypot Token in crypto?
Honeypot token in cryptocurrency is a type of token specifically designed to attract investors with the promise of quick gains. Honeypot contract is coded to allow users to buy the token but prevents them from selling it, effectively trapping their funds.
These tokens exploit the decentralized nature of the blockchain, where customizable smart contracts govern the token's behavior, and transactions are irreversible. The token's name derives from the concept of a "honeypot," a trap designed to lure in unsuspecting targets with the promise of something sweet.
Honeypot tokens are frequently launched, taking advantage of the speculation in crypto market. Investors, impressed by the rapid growth of an asset, often find themselves unable to exit their position once they've bought the token. This results in significant financial losses for the investors and high profits for the creators of these tokens, who withdraw the funds from the honeypot smart contract.
The profitability of honeypot tokens has led to their rapid proliferation across various blockchains, especially those gaining popularity in the crypto space. Historically, Ethereum and Binance Smart Chain have been common platforms for launching honeypots. However, as newer blockchains become trendy, they also become prime targets for honeypot tokens.
In 2024, Solana became a leader in the memecoin space, making it a hotbed for new token launches, including solana honeypots. However, honeypot crypto creation methods for EVM compatible blockchains (Ethereum or BSC) won’t work on Solana. This discrepancy is due to fundamental differences in how Solana's blockchain architecture and token contracts work compared to Ethereum.
The differences between Solana and EVM blockchains raise the question of how to adapt the way of honeypot token creation on different platforms. Why is the standard way to create a token is not applicable to Solana? How to make token honeypot on Solana? Today we will try to find out. First of all, it is necessary to understand the differences between tokens on Solana and tokens on Ethereum/BSC.
What is the difference between tokens on Solana and Ethereum/BSC? (We'll explore this further in Part 2)
Ethereum, Binance Smart Chain (BSC), Base, Arbirtum, Polygon, and similar platforms are EVM blockchains; they share a common architecture that allows smart contracts to be deployed in the same way (using the Remix IDE), and tokens in these blockchains are created using ERC-20 contracts.
My current contacts for our products and other issues: TG honeymanOne
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