Token: $WIND
Just chatted to the developer to clarify a few points.
Before I begin though, CopperLaunch funded projects have confused me a little and probably others too. To simplify matters, I think of CopperLaunch like this: it's a presale platform for raising capital, with some or all or the capital raised being used to fund initial liquidity.
The inherent danger with CopperLaunch LBD's is that after one is concluded, the LBD creator can simply disappear with said capital. Fortunately in this case the $WIND developer didn't disappear. Also, unbeknown to me at the time, I do know and am friendly with this developer, which was nice to suddenly discover today.
Contract
It appears that the contract is a modified version of
Rekt City (not sure if he deliberately chose this to bait me 🙂), but certain functions have been removed, which has rendered it safe without the need to renounce with a caveat:
The only concern is what happens when the foreign token to be swapped by the contract (either $O, $CAW or $QOM) is changed to the next foreign token (testing pair swaps on testnet isn't 100% reliable). He assures me that everything was fine on testnet, but if a mainnet error should occur then he'll simply switch to the next working pair instead.
Total supply distribution
66% was used for the CopperLaunch LBD raise.
6% has been locked for 66 days.
.66% each has been sent to the $CAW, $O and $QOM deployer wallets.
26% was added to initial liquidity.
Liquidity
100% of liquidity was locked for 66 days.
Trade tax (immutable)
0.66% per swap. Trade tax tokens are stored to the contract and used solely to purchase one of the three foreign tokens at an immutably set token threshold.
Conclusion
Other than the caveat mentioned above, technically speaking, seems fine.
Also, the developer is an active anti-scam supporter, so for me personally, along with the long liquidity lock, that's reassuring.
👇review by Indy
Ko'proq ko'rsatish ...