Token Comparison Workflow
What makes one coin more attractive than another? Let's see how can you compare two tokens.
The two tokens were evaluated on 5/8/2024. The data presented here might differ if you check the tokens on our platform today.
Let's dive into the details using two tokens as examples: MISSOR and LNQ.
First of all, 🚨 THIS IS NOT A FINANCIAL ADVICE🚨 . We're not in any way connected to the two tokens discussed here; they were chosen randomly for educational purposes.
Token Comparison
Market Cap: $500k
Blokiments Score: 20
Description: A coin with no real value.
Website: Not working
Total Liquidity: $50k
Initial Liquidity: 0.7 ETH
Burned Liquidity: 100%
Security Metrics: We have detected that the token has whitelisting and trading cooldown functions. These functions are not a direct sign of a scam, but malicious use of these functions could make the token a scam.
Shillers: A shiller group, ‘Dream calls 100x’ mentioned the token on 8/04/2024 as an “unknown token, with potential moon. DYOR.” The token was revived on 3 August 2024 after being dead since December 2023, so this is strange behavior.
Trading Metrics: There have been no changes in buyers or sellers for months, but there has been recent activity due to the price pump.
Market Cap: $30M
Blokiments Score: 85
Description: Token connected to AI tools.
Website: Working
Total Liquidity: $2.3M
Initial Liquidity: 62 ETH
Locked Liquidity: 98% locked, to be unlocked on 27/2/2025
Security Metrics: Appear to be okay
Listings: BingX, MEXC, BitMart, Bitget
Holder Metrics: The largest address holds 6.69% of the supply.
Trading Metrics: Increasing number of buyers and volume in the last 30 days.
Community: Active Discord community
Key Metrics Breakdown
Liquidity
Liquidity ensures that a token is tradable. You can have $100M worth of tokens in your wallet, and you might think that you are a millionaire. But if there is only $10k in the liquidity pool, then you can only sell around $5k worth of tokens (depending on the ratio of base and quote token in the pool). Congratulations, now you can be a “thousandaire.”
Initial liquidity is usually a good indicator of “how serious the team is about the project”, but not always. Initial liquidity is the amount provided to a pool by the team once they make a token tradable.
Locked and burned liquidity indicates that a team cannot perform a rug pull using liquidity.
MISSOR: $50k total liquidity with 100% burned. Initial liquidity was 0.7 ETH.
LNQ: There is $2.3M in total liquidity, with 98% locked for 6 months. The initial liquidity was 62 ETH.
Security
Security should speak for itself. If there are intentional malicious parts of code in a token's smart contract, we should not trade them at any cost. Scammers are getting smarter and smarter, so we need to keep up with detecting their evolving scam tactics. For now, to get the scam metric, we combine our internal scam detection with other providers.
MISSOR: Contains functions that control trading cooldowns and whitelisting, it could lead to a scam.
LNQ: Security metrics look okay with liquidity locks, and there are no immediate red flags.
Socials
Social metrics are important, as they show how engaged the project is on social platforms. The more recognizable the project is, the more people it will attract, and more money will flow into the token pool, which should increase the token's price.
MISSOR: There is very low engagement on social media. Twitter followers are decreasing, and the Telegram group is inactive. There is no website, but Shiller has seen recent activity.
LNQ: High and growing social media presence. Twitter followers and Telegram members are both increasing.
Trading
Trading metrics indicate a token's trading activity. If it is actively traded and has a lot of volume, it means that the token is interesting for traders. We can also use these metrics to observe price trends.
MISSOR: Poor trading metrics with no significant changes in buyers or sellers over months. Recent activity is likely due to artificial price pumps.
LNQ: Positive trading metrics with an increasing number of buyers and trading volume over the last 30 days.
Utility
The most important part of looking for a project that will last long is the project's utility. Why would I need a token that doesn't do anything? Memecoins are usually made just for laughs and making quick profits, without any use case other than buying before others buy and selling before others sell. On the other hand, some more established projects use tokens in their ecosystem that provide different services or use cases that would make me buy this coin for other reasons than just for price speculations.
MISSOR: A coin with no real value or utility.
LNQ: Connected to AI tools, indicating potential real-world utility.
Key Takeaways in comparison
Liquidity: LNQ has significantly higher liquidity, which is mostly locked, suggesting a lower risk of rug pulls.
Security: LNQ shows better security metrics and no immediate red flags, unlike MISSOR, which has potential scam indicators.
Socials: LNQ has a strong and growing social media presence, whereas MISSOR’s presence is almost nonexistent.
Trading: LNQ’s trading activity is robust and increasing, while MISSOR’s is stagnant, with recent activity likely due to artificial influences.
Utility: LNQ has a clear utility as a coin connected to AI tools, whereas MISSOR is a coin with no real value.
In conclusion, LNQ is a more attractive token based on liquidity, security, social presence, trading activity, and utility compared to MISSOR, which lacks in almost all these areas.
Check the two tokens on our platform:
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