What is the Security Gauge?
The Security Gauge is a visual tool in Swipe that evaluates the safety of tokens on Solana. It scores tokens based on four key metrics, helping buyers avoid scams and creators build trustworthy projects.
Breaking Down the Security Metrics
🔄 Mintable
What it means: Can the creator mint new tokens after deployment?
Why it matters:
✅ Disabled: No new tokens can be created (lower inflation risk).
❌ Enabled: Creator can inflate supply, reducing token value.
❄️ Freezable
What it means: Can the creator freeze token transfers?
Why it matters:
✅ Disabled: No one can halt trading (safer for holders).
❌ Enabled: Creator can freeze accounts, locking buyers out.
🔒 Renounced
What it means: Has the creator permanently locked the token’s contract?
Why it matters:
✅ Renounced: Contract cannot be altered (highest trust).
❌ Not Renounced: Creator can change rules post-launch.
🏆 Top 10 Holders
What it means: Percentage of tokens held by the largest 10 wallets.
Why it matters:
✅ <20%: Balanced ownership (lower manipulation risk).
⚠️ >50%: High concentration (risk of pump-and-dump schemes).
For Token Creators: How to Maximise Security
Disable Mint/Freeze: Turn these off during token creation.
Renounce the Contract: Lock the contract to show you’re committed.
Avoid Large Holdings: Distribute tokens fairly to avoid concentration.