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  1. Home
  2. /Glossary
  3. /Honeypot
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cryptocurrency

Honeypot

A scam token designed so you can buy it but can't sell it.

Definition

A scam token designed so you can buy it but can't sell it. The smart contract has hidden code that blocks sell transactions while allowing buys, trapping your money. Always check a token's contract on tools like Token Sniffer or Honeypot Detector before buying random tokens.

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Related Terms

Rug Pull

A scam where developers abandon a project and run off with investor funds.

Smart Contract

Self-executing code stored on a blockchain that runs when conditions are met.

DEX (Decentralized Exchange)

A cryptocurrency exchange that operates without a central authority, using smart contracts to facilitate trades.

Address Poisoning

A scam where attackers send tiny transactions from addresses that look similar to ones you've interacted with, hoping you'll accidentally copy the wrong address from your transaction history.

AI x Crypto

The intersection of artificial intelligence and blockchain technology.

Airdrop

A marketing strategy where crypto projects distribute free tokens to wallet addresses.

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