Is Scribe a Scam?

The Scribe (SCRIBE) token is an SPL token operating under the spl-token program. Both the Mint Authority and Freeze Authority have been revoked, which is a positive security practice as it prevents the creation of new tokens or the freezing of holder accounts. The token has a supply of 974,934,466,510,075 raw units with 6 decimals. No Token-2022 extensions like permanent delegates, transfer hooks, or default frozen states are active, indicating a standard SPL token implementation.

The token's DEX pair is very new, having been created only 1 day ago, which means there is insufficient historical data to assess market stability or team behavior. Current DEX liquidity stands at $23,064, with a 24-hour volume of $153,489, resulting in a Volume/Liquidity Ratio of 6.65. Information regarding holder concentration was unavailable, preventing an assessment of potential whale manipulation risks.

The Mint and Freeze authorities are both revoked, meaning no further tokens can be minted and no accounts can be frozen. The token does not utilize Token-2022 extensions that introduce upgradeability or additional authorities like transfer hook upgradability or transfer fee upgradability. However, the token's metadata is mutable, allowing for changes to its name, symbol, or image post-launch.