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Kyber Network Introduces HoneyPot and Fee-on-Transfer Detection

Twitter icon  •  Published 4 months ago on August 19, 2024  •  Hassan Maishera

Kyber Network announced via X on Friday that it has introduced HoneyPot and Fee-on-Transfer Detection.

Kyber Network Introduces HoneyPot and Fee-on-Transfer Detection

Kyber Network announced via X on Friday that it has introduced HoneyPot and Fee-on-Transfer Detection. This feature is a cutting-edge warning pop-up to protect traders from buying or selling tax tokens and honey pot tokens.

Some of its key benefits include instant alerts to prevent risky transactions, enhanced security for your trades, and seamless integration with your trading experience

Kyber Network is an on-chain liquidity protocol that aggregates liquidity reserves to allow instant and secure token exchange in multiple decentralized applications (dApps). KNC, the native token of the Kyber Network, is up 1% in the last 24 hours and currently trades at $0.4239.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.