Audit of ChatGPT reveals important stability vulnerability in meme cryptocurrency

Dive into the earth of Tomwifhat (TWIF) – a quirky memecoin – with ChatGPT’s latest safety audit revealing some appealing insights!

As dogwifhat (WIF) gained popularity in December 2023, a flurry of hat-themed memecoins flooded the market place, which include TWIF.

ChatGPT’s investigation uncovered some relating to centralization aspects in the TWIF wise contract. By making use of modifiers like “onlyOwner” and “transferOwnership,” the proprietor holds considerable electricity to manipulate and freeze tokens, perhaps placing traders at chance.

The audit also unveiled that the deployer could declare tokens accidentally despatched to the contract, a potentially harmful state of affairs if exploited maliciously, as ChatGPTwarns:

“This is dangerous if employed maliciously.”

In addition, the absence of mint, blacklist, and cost-environment capabilities in the TWIF contract, as highlighted in Coinsult’s stability audit, raises worries about the contract’s vulnerability to rugpulls and manipulation.

In spite of boasting a market place cap of $7.7 million, as claimed by GeckoTerminal, TWIF’s daily investing quantity of $26,200 raises queries about its liquidity.

When TWIF’s ERC20 functionalities align with market requirements, its reliance on a solitary proprietor for regulate underscores the inherent pitfalls of centralization in meme coins. Don’t forget to carry out complete analysis just before venturing into the unstable earth of meme coin investments!

Disclaimer: This analysis does not definitively label TWIF as fraudulent but underscores the importance of diligence in navigating the cryptocurrency room.