Glider Token Risk: CoinStats & Hexens boost token security
CoinStats has partnered with Web3 cybersecurity firm Hexens to launch Glider Token Risk, a deep-scanning tool designed to enhance token security by analysing smart contract risk across 22 categories. The integration is now available to Degen plan users on iOS, Android and web.
Glider Token Risk supports Ethereum, BNB Chain, Base, Polygon, Arbitrum, Optimism, Avalanche and over 20 other EVM-compatible networks. It performs detailed contract analysis, flagging threats such as blockable transfers (59%), external calls during transfers (29%), balance manipulation (25%), centralized minting (21%), hidden fees (10%), upgradeable contracts (9%) and blacklist/whitelist mechanics (5%).
Launched amid over 74,000 scam tokens in 2024 that cost traders nearly $10 billion, the tool provides clear, non-technical explanations for each risk. By integrating smart contract risk assessment directly into its platform, CoinStats is moving beyond portfolio tracking to proactive risk management, empowering traders to make informed decisions and strengthen pre-trade token security.
Neutral
While Glider Token Risk strengthensOverall token security and enhances smart contract risk assessment, it does not directly influence the market price of any specific cryptocurrency. In the short term, the tool may increase trader confidence and reduce losses from scam tokens, but it is unlikely to trigger immediate price movements. Over the long term, improved risk management could support market stability and foster broader adoption, yet the direct price impact remains neutral, as the service is a platform feature rather than a token-centric development.