These are terms used when shitcoining that everyone should familiarize themselves with before trading.
Rug - Rugs are tokens that are scams/malicious or abandoned. They can prevent you from selling, remove the trading pair, etc. There are of ways to be rugged.
Honeypot - a token that allows you to buy, but doesn’t allow you to sell is a honeypot. Your money is stuck in honey.
Liquidity Pool (lp) - Liquidity Pools are the trading pools for a token. They have both ETH (or USDC, BNB, DOGE, etc) and the token/shitcoin you are buying. Initial liquidity is provided by the contract deployer. A LP has to exist for a token, so you can switch between ETH and what you are buying.
Liquidity Pulled - When a rugger removes the liquidity from a trading pair, the coin is no longer able to be bought or sold, it's a Rug.
Locked - When liquidity is “locked’ it means that the deployer has either sent the tokens for the LP to a burn address (so they cant rug/remove LP), or they use an external token/liquidity locking service to lock up the LP for a specific amount of time so you know it is safe (at least for that duration.
Renounced - When a contract is ‘renounced’ it means that the deployer/creator can no longer alter parameters of the contract. They can not change the taxes to make it take 99% of your sale and rug you, or change the contract in other malicious ways.
Verified - When a contract is ‘verified’ it means that it can be read on etherscan, and the contents of it can be examined for safety. An unverified contract could have functions that rug you 100 different ways. So having a contract be ‘verified’ is crucial for knowing its safe to buy. A token that is locked and renounced, but not verified, could still rug you. A green check mark by the word 'contract' on a token's etherscan means its verified.
Slippage: The amount a token's price is able to fluctuate after you submit a transaction, while still allowing that tx. to process successfully. In other words, people's buys and sells that occur after you submit a transaction, but before it goes through, can change the price of what you're buying; so slippage is the amount that token's price can change without your transaction failing.
Sandwich or Sandwich Bot - Sandwich bots are bots that take advantage of low tax tokens, and people buying/selling them with high slippage. If slippage is high when purchasing a low tax token, then a bot can front-run the transaction with its own massive purchase, cranking the price up for your buy or sale (meaning you receive less tokens/eth). The bot then instantly sells for a marginal profit - leaving your transaction caught in between theirs, like the buns of a sandwich.
Deployer - The creator of the contract is known as the person who deploys it. AKA deployer.
“Dirty” or "clean" deployer - When a deployer is dirty, it means the transactions in their wallet are not ‘clean’ (or solely related to the creation of the token in question). They may have incoming transactions from random wallets, have launched other tokens, etc. Huge red flag.
Bots/Botted - Every non-rug shitcoin launch is botted to some capacity, as many traders use bots (like Consortium's). It's just part of all shitcoins that launch. Some botters sell quickly, while others hold large chunks of supply over long durations, selling over time.
Smell test - Quickly assessing the viability of a token based off of the outlined detailed in this guide.
Insider - A coin or person who has 'insider' information about a good coin and buys early. "Insider" coins often will be honeypots, or have super high sell tax at launch to dissuade most buyers out of the loop.
Larp - Live Action Role Play - As it relates to shitcoins, a larp is a token whose value is derived from potentnial connections to other tokens/developers. A "Ryoshi larp", would be a token that has some potential connection to Ryoshi (dev for $SHIB), and that's why it's getting attention. Larps can pump hard, not to always be faded.
Clogged - when a ‘router is clogged’ it refers to when a token sometimes gets stuck and people cant sell for a period of time. It isn’t a honeypot or malicious, but something that can happen to even normal tokens. Often, when it gets ‘unclogged’, you can see a huge dump as peoples sale transactions finally process.
Copper Launch - or ‘Copper’ refers to a token/shitcoin presale. Some tokens will have a presale/launch through a platform called Copperlaunch. These are often scams too, but have been the source of a few very large tokens that got startup funding through there.
Blacklisting - If you're "blacklisted" the dev makes it so your wallet specifically cant sell the tokens you bought. It's a contract function devs call to exclude a defined address from token transfer (transfer is needed to sell). This also means you can't send the tokens elsewhere to sell them.
Calls/callers - Telegram callers are people who have public or private telegram channels and promote new tokens. Almost all callers are paid, have bought bags of the tokens, and are not unbiased.
Token Drainer - When a shitcoin dev can "drain" the qty of only that token you purchased from your wallet
CT - Crypto Twitter. Refers to the group of callers/influencers for the shitcoin/token space that hype coins up. A lot of the space runs just on hype and the marketing through these callers and influencers. So good to pay attention.
MC - Market cap of a token. The supply of a token multiplied its price.
CEX - Centralised exchange like Binance, Coinbase, Kucoin, etc.
DEX - Decentralised exchange like 1inch, Uniswap, PancakeSwap, etc.
Buy Contests - Some tokens do "buy contests". This is pretty normal for new tokens. Biggest buy in X time wins, etc. Terms for understanding our token alerts: Primary Token: This is a term used to describe the main token in the pair. A pair consists of two tokens, a primary token and the token that it is paired against - or the “other” token. The other token is always a well known token such as: WETH, USDC, USDT, DAI.
Pair: A pair consists of two tokens, a primary token and the token that it is paired against - or the “other” token.
Created: The creation time of the primary token contract.
Verified: Can be true or false. When true verified means that the contract has been verified with Etherscan, and that anybody is able to view the source code of the contract.
Renounced: Has 3 states: True, False, and Not Ownable. True means that the contract inherits the Ownable contract and that it has called the renounce ownership function. False, means the contract inherits the Ownable contract and has not called the renounce ownership function. Not Ownable means that the contract does not inherit from the Ownable contract.
For more information on Ownable see here: https://docs.openzeppelin.com/contracts/4.x/access-control
Marketcap: The current market capitalization of the pair.
Buys | Sells: The number of swaps that bought or sold the token in the last 24 hours. One transaction may have multiple swaps. This number is counted in the exact same way that DexScreener counts buys & sells.
Taxes: Buy tax is on the left, sell tax is on the right. The sum of the taxes determines the color. At the time of writing: 20.0% or less is green, 30.0% or less is yellow, anything over that is red.
Liquidity: The amount of liquidity the pair has. At the time of writing: Under $1,000 is red, under $3,000 is yellow, and anything over that is green.
Owner: The largest owner of the liquidity tokens, and what percent of the tokens they own.
Unlock: If the largest owner of the liquidity tokens is a liquidity locker then we determine the appropriate unlock date to display. We only count locks that have over 50% of the total supply locked into them. So it's possible the unlock date could be empty in very extreme cases where the majority liquidity owner is a locker but no lock is greater than 50% of the total supply. We also take into account relocks and in the case of a relock it will be the relocked date.
Holders: Holders can be either:
Smart Contracts - which have a page emoji next to them. Smart contracts will also display the token name - if it has one - (truncated to 20 characters). We do not show ETH balance for contracts.
Externally Owned Accounts (EOA) - any account that is not a smart contract. These will display the ENS name if the account is linked to one (truncated to 20 characters). EOA will also contain the ETH balance of the account.
Dead Addresses - dead addresses can be holders as well but we do not display the ETH balance because this could cause confusion (why does that guy have over 10,000 Ether?!)
Deployer: The account that deployed the primary token contract.
Funding Sources: Are accounts that send ETH to the deployer wallet. We list the amount and date that was sent to the deployer wallet. By default any normal accounts are yellow. And exchange wallets are green by default. However, we have marked some exchanges as yellow when we notice a lot of low quality tokens being funded from them.
Contracts: The contracts that were deployed by either the deployer of the primary token, or the funding sources (excluding exchanges). The contracts contain a name field - this comes from the ERC-20 interface function and so not every contract will have a name. If a contract has a name then it’s possible that it is an ERC-20 token.
Max Wallet & Max Transaction: We try to determine the max wallet and max transaction. When this exists for a token, then it will show up as the percent on the left side and the amount of tokens on the right.
Links: Useful links for the pair.
Contract Links: We parse the description of verified contracts from Etherscan and grab the links from there to display in this section.
Description: When a contract is verified on Etherscan, we parse the top part of it where it is common to write a description about the token and include some social media links.