Is Gnome Child a Scam?

The Gnome Child (GNOME) token is implemented using the spl-token-2022 program. Both the mint authority and freeze authority have been revoked, ensuring that no new tokens can be minted and no existing accounts can be frozen. The token includes a 3.00% transfer fee, but no transfer hook is active. A minor concern is that the token's metadata is mutable, allowing for potential changes to its name, symbol, or image.

The token's DEX pair is very new, having been created only 1 day ago, which limits the ability to assess long-term market behavior. Current liquidity stands at $61,725, with a 24-hour volume of $400,480, resulting in a Volume/Liquidity ratio of 6.49. Holder concentration data was unavailable, preventing an assessment of supply distribution. A third-party risk registry indicates a large amount of LP is unlocked and notes low liquidity.

The mint and freeze authorities are permanently revoked, fixing the token's supply and preventing account freezing. While the transfer hook is not upgradable, the transfer fee is configured to be upgradable, meaning the fee percentage could be altered by an authority. The token's metadata is also mutable, allowing for changes to its descriptive information post-launch.