Is Tapout a Scam?

The Tapout token is an SPL Token-2022 mint with a fixed supply of 949,463.164689 tokens, as the mint authority has been revoked. The freeze authority is also revoked, meaning no accounts can be frozen. No Token-2022 extensions like a transfer hook or default account state frozen are active, and balance mutability is disabled, enhancing security by preventing unauthorized balance adjustments. (7.1 Architecture, 7.3 Access Control)

The token's DEX pair was created 0 days ago, indicating a very new market with no established track record. Current liquidity stands at $18,917 with a 24-hour volume of $62,990, resulting in a normal Volume/Liquidity Ratio of 3.33. Holder concentration data was unavailable, preventing an assessment of whale risk. A third-party risk registry signals a high market cap per holder. (7.4 Economic)

The mint authority and freeze authority are both revoked, ensuring that no new tokens can be minted and no accounts can be frozen post-launch. The token does not utilize a transfer hook, and its metadata is immutable, preventing changes to the token's name, symbol, or image. Additionally, transfer fees and transfer hook configurations are not upgradable. (7.7 Upgrades)