Welcome to our deep dive into Trust The Process (TRUST), a token on the Solana blockchain. Whether you're considering investing or just curious, we've got you covered. This report takes a closer look at the project’s key details, its security, and the risks involved. We’ll break it all down in a simple tone, so let’s jump right in.
Quick Facts About Trust The Process (TRUST)
Here are the basic details you need to know:
What We Know About Trust The Process
First, let’s talk about the key elements of Trust The Process (TRUST) and the security features that come with it.
1. Open Source
✅ Yes, Trust The Process is open-source.
Being open source is a big plus in the crypto world. Why? Because anyone can audit the code, ensuring transparency. This reduces the chances of hidden risks or malicious backdoors in the contract. It's a strong indicator of trustworthiness in the crypto space.
2. Can Mint More Tokens?
✅ No, the minting capability is locked.
No new tokens can be minted. This means the total supply is fixed, and the token's value won’t be diluted by additional coins appearing out of nowhere. A great feature for maintaining scarcity and value.
3. Immutable Metadata
✅ Yes, metadata is immutable.
This means the core information about the token, like its name, symbol, and total supply, cannot be changed. Once it’s set, it’s set for life, making the token more stable and secure.
4. Freeze Authority
✅ Yes, freeze authority is revoked.
This is crucial because it means no one can freeze or stop transactions on the token. Whether you’re buying or selling, your assets remain in your control.
5. Liquidity Pool Burn
🔥 99.95% of the liquidity pool has been burned.
Burning a significant portion of the liquidity is a positive step for security. It reduces the chances of a "rug pull"—where developers withdraw all the liquidity and leave investors holding the bag. With this high burn rate, it’s harder for malicious actors to manipulate the market.
6. Top 10 Holders
⚠️ Top 10 holders control 9.66% of the supply.
Although it’s a small percentage, it’s important to note that a large portion of the total supply is held by a few addresses. This could have an impact on market movements, as these holders may have the power to influence the price.
Liquidity Pools: How Is Trust The Process Trading?
Now, let’s break down the trading pools where Trust The Process is actively traded. Understanding these pools gives us insight into the liquidity and trading volume of the token.
1. SOL-TRUST on Raydium
- Liquidity: $1.15 Million
- 24-Hour Volume: $9.87 Million
- LP Burned: 99.95%
- Created on: December 8, 2024
This pool has a solid liquidity base of $1.15M, with high daily trading volume, which indicates healthy market activity. The LP burn rate of 99.95% is fantastic for security. The token's liquidity is less likely to be drained by bad actors.
2. TRUST-SOL on Raydium Clamm
- Liquidity: $77.59K
- 24-Hour Volume: $555.08K
- LP Burned: No burn protection
- Created on: December 8, 2024
The TRUST-SOL pool has much lower liquidity than the SOL-TRUST pool. While it's still active, the lack of LP burn protection is something to keep an eye on. Without the burn, the pool could be vulnerable to manipulation.
Risk Analysis: How Safe Is Trust The Process?
Now, let's evaluate Trust The Process based on its key features and tokenomics to give you a comprehensive risk analysis.
1. Security Features
As mentioned, Trust The Process has several strong security features:
- Open-source code allows transparency and auditing.
- Immutable metadata guarantees that no one can change the core details of the token.
- Revoked freeze authority ensures that no one can stop transactions without consent.
- No minting capability keeps the supply fixed and prevents inflation.
2. Liquidity Pools
- The Raydium SOL-TRUST pool has 99.95% of its LP tokens burned, making it secure and reducing the risk of manipulation.
- On the other hand, the TRUST-SOL Raydium Clamm pool doesn’t have burn protection, making it slightly riskier. This could allow whales to manipulate the market if they control the pool.
3. Token Distribution
The fact that 9.66% of the total supply is controlled by the top 10 holders could be a concern. This concentration of power can lead to price manipulation. However, this isn't too extreme and can be managed with some caution.
Trust The Process Safety Score
We’ve analyzed the data, and here’s how Trust The Process (TRUST) measures up on our safety scale:
- Open Source: ✅ Secured
- Minting Capability: ✅ Secured
- Immutable Metadata: ✅ Secured
- Freeze Authority: ✅ Secured
- Liquidity Pool: ⚠️ Mixed (99.95% burn on SOL-TRUST, no burn on TRUST-SOL)
- Top Holder Concentration: ⚠️ Moderate risk due to large holdings.
Final Rating: 8.4/10
Risk Level: Low risk
Exercise some caution when interacting with this token, especially in the TRUST-SOL liquidity pool.
Should You Invest in Trust The Process?
Trust The Process (TRUST) is a promising token with solid security features. Here’s why you might consider it:
- Strong tokenomics with a fixed supply.
- High liquidity in the Raydium pools with minimal risk of rug pulls.
- Solid security with features like open-source code and revoked freeze authority.
However, there are still some risks to consider:
- The TRUST-SOL Raydium Clamm pool lacks LP burn protection.
- A concentration of holdings could lead to market manipulation.
Recommendation: If you’re aware of the risks, Trust The Process seems like a relatively safe investment compared to many other tokens. But make sure to do your own research and stay informed.
Is Trust The Process Worth Your Time?
Trust The Process (TRUST) is a secure and promising project with some excellent features. However, like any crypto investment, it’s important to exercise caution.
Have you considered investing in TRUST? Let us know your thoughts or experiences in the comments below and if you are looking for a full detailed report of this token contact us here.
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