The transaction tax may be changeable by the contract owner. Be careful and do your own research (DYOR) before you are trading this token

Honeypot is a term used to describe a malicious contract that traps users' funds by preventing them from selling or withdrawing their tokens. Honeypot contracts often use high transaction taxes, modifiable tax rates, or other tricks to deceive users and make them lose money.

One of the security services that can help users avoid honeypot risks is GoPlus Security API, which provides fast and reliable token security detection. GoPlus Security API covers more than 30 security items, including buy tax, sell tax, modifiable tax, cannot buy, cannot sell all, and more. By calling the API, users can get comprehensive and real-time information about the token they want to trade.

One of the security items that users should pay attention to is modifiable tax. This means that the contract owner can change the buy tax or sell tax of the token at any time. This may cause some losses, especially since some contracts have unlimited modifiable tax rates, which would make the token untradeable.

For example, according to GoPlus Security API, the contract owner of ArbDoge may contain the authority to modify the transaction tax. This means that if the contract owner decides to increase the transaction tax to more than 49%, users will not be able to sell their tokens and will be stuck in a honeypot. Therefore, users should exercise caution before taking any action and do their own research (DYOR).

Not every token or project that has this feature is malicious, but this feature allows the contract owners to scam users by creating Honeypots.

CoinCarp does not tolerate any bad actors in the crypto space and considers every token with a variable tax feature as potentially risky. All such tokens will have a warning on the token pages that our due diligence team has detected the variable tax rate feature on the token.