The Good Tech Companies - TokenGuide: Building Security for Web3 Across All Blockchains

Episode Date: June 28, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/tokenguide-building-security-for-web3-across-all-blockchains. TokenGuide employs a sophistic...ated analysis approach that combines AI with heuristic methods to scrutinize smart contracts and assess token liquidity. Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #smart-contracts, #smart-contract-security, #security-audit, #smart-contract-auditing, #solana, #ethereum, #tokenguide, #good-company, and more. This story was written by: @tokenguide. Learn more about this writer by checking @tokenguide's about page, and for more stories, please visit hackernoon.com. TokenGuide employs a sophisticated analysis approach that combines AI with heuristic methods to scrutinize smart contracts and assess token liquidity.

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Starting point is 00:00:00 This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Token Guide. Building security for Web3 across all blockchains, by Token Guide. Token Guide is in beta now. Visit https colon slash slash token guide. I owe to test it out for free and give us your feedback, fearful face the Web3 landscape can be scary for users. In the rapidly evolving world of cryptocurrency, the prevalence of SolanaRoot pulls and questionable memecoins across various blockchain networks has created a pressing need for a comprehensive, chain-agnostic solution for
Starting point is 00:00:35 auditing smart contracts. The urgency of this need is underscored by the staggering losses incurred due to hacks and rug pulls in 2024 alone, a whopping $473 million according to data from Immunefe. This alarming figure highlights the critical importance of robust security measures in the crypto space. TokenGuide emerges as a solution to address the shortcomings of existing cryptocurrency token analysis tools. Many current solutions suffer from limited blockchain support and accuracy issues, leaving users vulnerable to potential scams and fraudulent activities. TokenGuide sets itself apart by offering a more comprehensive and reliable approach to token analysis. Additionally, TokenGuide maintains and continually updates a database of known
Starting point is 00:01:19 scam perpetrators, providing users with valuable intelligence to help them navigate the often treacherous waters of cryptocurrency investments. Chains making security chain agnostic. One of TokenGuide's key strengths lies in its extensive blockchain support. While many auditing tools are limited to a handful of popular chains, TokenGuide boasts compatibility with 20 different blockchains and we're constantly working to expand that list. This broad coverage ensures that users can analyze tokens across a wide range of networks, including many that are often overlooked by other auditing solutions. By casting a wider net, TokenGuide helps users identify potential risks and make more informed decisions, regardless of their preferred blockchain ecosystem. Users may find that
Starting point is 00:02:03 their chain isn't supported yet. Fear not, you can submit our request on our contact us page to request an addition to our security suite for your favorite blockchain. Lock keeping your wallet safe with TokenGuide. TokenGuide employs a sophisticated analysis approach that combines AI with heuristic methods to scrutinize smart contracts and assess token liquidity. This multifaceted examination allows TokenGuide to assign risk levels to tokens based on a holistic evaluation of both contract code integrity and liquidity factors. To further enhance the accuracy and relevance of its assessments, TokenGuide incorporates a community-driven element by allowing users to vote on tokens after connecting their wallets
Starting point is 00:02:42 to the platform. This feature helps create a more dynamic and responsive risk assessment system that can adapt to the rapidly changing crypto landscape. Staying informed about the latest crypto scams is crucial for Web3 users, and Token Guide facilitates this through multiple channels. Users who subscribe to the Token Guide newsletter and follow the project's Twitter x page receive real-time updates about emerging threats and potential scams. Token Guide's proactive approach to information dissemination helps users stay one step ahead of fraudsters and make more informed decisions with their wallets. Token Guidi also keeps track
Starting point is 00:03:18 of suspicious projects by helping users stay informed about projects that may be too good to be true through social media. A unique and valuable feature of TokenGuide is our growing database of scam owners. By tracking and cataloging individuals and entities responsible for creating fraudulent tokens, TokenGuide helps users identify patterns and potential risks associated with new projects. This database serves as a powerful tool for maintaining safety and trust in the ever-evolving Web3 space, allowing users to avoid scammers based on historical data and known bad actors. Handshake how you can help us help you. Token Guide encourages user engagement and feedback, inviting people to test out our free consumer app available on our website.
Starting point is 00:04:01 The app allows users to analyze tokens across the 20 supported blockchains, with plans to add more in the future. To promote accessibility, Token Guide offers a limited number of free USES per day, with increased usage limits for users who connect their wallets to the platform. Token Guide has also recently released a Telegram mini-app on TUN and a Telegram bot that both allow users to receive a token's security score within seconds simply by entering a smart contract address and selecting a blockchain. In the field of crypto auditing tools, TokenGuide distinguishes itself as a leader by offering AI-driven audits across an unparalleled number of blockchains. The platform's user-friendly interface requires only a chain and token address to perform comprehensive audits, making it accessible even to those new to the crypto space. To stay updated on TokenGuide's
Starting point is 00:04:49 latest developments and features, users are encouraged to follow our social media channels, including Twitter, X, Discord, and Telegram. For more direct communication, we can be reached via email at administrator at TokenGuide. IAO, thank you for listening to this HackerNoon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.

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