Why can’t I sell my token when others can? GoPlus Security Explains the “Sniper” Token — Modify Personal Tax for Individual Addresses

1. Definition

Tax change for personal addresses means that the Token contract has a function that can set a specific transaction tax for certain addresses so that the trades on these addresses can not be implemented.

2. Implementation method

Let’s take this reported Token as an example, it has the logic of “change tax for personal address” in its contract code.

3. How to avoid “Sniper” Tokens?

We recommend that users check the source contract code and see if there is a sniper feature associated with it before buying if they have a dev background or know how to code.

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