SpaceMint

Reference

Risks

What can go wrong, in plain words.

  • Tokens can lose all of their value. A token reaching a market cap says nothing about its quality.
  • Anyone can create a token with any name, symbol or image, including ones that imitate other projects. The token address is the only identifier that cannot be copied.
  • Liquidity can be thin. Large orders move the price a lot, and a pool may have little to trade against.
  • Transactions cannot be reversed. SpaceMint cannot refund, cancel or recover them.
  • Locked liquidity is not a price guarantee. The pool cannot be pulled, but a token can still fall to almost nothing as people sell. Whoever holds tokens, the creator included if they buy, can sell them.
  • Early buyers and snipers. Wallets that buy in the first blocks can sell into later buyers. The Holders and Security tabs show how much they hold, as facts and not as a score.
  • The fee setup is fixed at launch. Each token trades with a fixed trading fee, and its creator chose the split once and for all. Check a token's page before you buy.
  • Smart contracts can have bugs. The contracts are open for anyone to read, but reading is not a guarantee, and they have not been given a security rating.
  • A pairing asset carries its own risk. If it falls, your position falls with it.
  • Figures can be late or wrong. Prices, volumes and balances shown are indexed from the chain.
  • Test networks have no value. While SpaceMint runs on a test network, tokens and balances there are for trying things out only.
  • XP is not money. XP, badges and leaderboard places are points inside SpaceMint. They are not a token, a promise of a reward or an investment.