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SAFU Certificate
By Coinsult

February 25, 2023

SAFU requested by

BiT AI

0x8A9DD0f625D11E92d631a97D9E764bf648dCE1C8

Request SAFU badge

Coinsult Developed

SAFU Contract

SAFU Badge means that the project cannot be manipulated by the developer to hurt investors and gain an unfair advantage over them. SAFU badge will be given to KYCed projects that meet below specifications and ownership held by Coinsult the first 7 days.

Owner Privileges

    • SAFU developer must hold the ownership for 14 days minimum
    • SAFU developer must create presale (SAFU dev will transfer LP ownership after 14 days)
    • SAFU developer must own the staking ownership. Staking dapp must be audited
    • Owner can not be able to mint new tokens
    • Owner can not be able to pause trading
    • Owner can not be able to set max transaction limit lower than 0.1% of circulating supply
    • Owner can not be able to block accounts from trading. (Blacklist can work in first 14 days to block snipers)
    • Owner can not be able to claim the contract’s balance of its own token
    • Owner can not be able to set max wallet limit lower than 1% of circulating supply
    • Owner can not increase taxes in the first 14 days from listing
    • Anything that can be changed by the owner can not limit or stop trading for the investors. (Anti-bot without time limit, Transaction time lock without limit, sell limit based on holder balance, etc.)

Tokenomics

  • Taxes cannot exceed a total of 25% for buy and sell added together
  • No unlock tokens in first 30 days from listing
  • Liquidity lockup time shouldn’t be less than 365 days
  • Liquidity percent 60% at least
  • Private sale bonus shouldn’t be greater than 10% from presale/fair launch rate
  • Private sale value can not be greater than 20% of liquidity, private sale tokens need to be vested.
  • Listing rate should be equal to presale/fair-launch/subscription rate
  • SAFU developer must control unlock tokens (SAFU developer will help projects to distribute seed, private sale tokens)
  • SAFU developer needs to confirm if the project had a private sale. If there was a real private sale, SAFU developer can distribute tokens for private sale investors.
  • No airdrop tokens in first 30 days from listing (No giveaways, contest tokens)
  • For migration from old contracts, new tokens may not be distributed to old holders until 30 days from listing

Contract

    • Contract must be audited by a trusted partner
    • Buybacks should be automated
    • Burns should be automated
    • Auto liquidity should go to an unreachable address. (Dead address etc.)
    • Contract should not malfunction in any circumstances
    • No proxy contracts

Common Problems That Cause Contracts to Crash

      • Failed transactions that are caused by mathematical errors
      • Swap settings and parameters should always be in a safe range
      • BNB transfers from the contract should not revert in any circumstances

Disclaimer

This SAFU report has been prepared by Coinsult’s experts at the request of the client. Coinsult is not responsible for any financial losses. Nothing in this report is financial advice, please do your own research.

The information provided in this report is for informational purposes only and should not be considered investment advice. Coinsult does not endorse, recommend, support or suggest to invest in any project. Coinsult can not be held responsible for when a project turns out to be a rug-pull, honeypot or scam

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