Key Takeaways – GoPlus SafeToken Protocol enhances DeFi security, preventing rug pulls and liquidity scams. – 30M+ daily API calls secure 28.4M+ wallets, detecting 10M+ malicious assets. – $GPS token integrated into Binance services, including Simple Earn and Auto-Invest. |
Billions of dollars have been lost due to scam tokens, rug pulls, and liquidity manipulation. Existing solutions, such as contract audits and token standards like ERC-20 and ERC-721, have proven ineffective at preventing malicious contract functions and liquidity scams.
To address these vulnerabilities, GoPlus has launched the SafeToken Protocol, a security-first framework designed to ensure safe token issuance, prevent liquidity fraud, and eliminate security risks before deployment.
Supported by the $GPS, this protocol strengthens DeFi security while expanding GoPlus Security’s broader decentralized security infrastructure.
What is SafeToken Protocol?
The SafeToken Protocol establishes a secure standard for launching and managing DeFi tokens, incorporating built-in protections against common token scams.
Key Threats Addressed by SafeToken
- Honeypot Tokens – Tokens that prevent users from selling and permanently locking funds.
- Unauthorized Minting – Developers mint unlimited tokens post-launch, leading to supply inflation.
- Liquidity Scams – Teams remove liquidity after launch, triggering price collapses.
- Hidden Backdoors – Admins retain stealth control over token contracts, enabling manipulation.
Core Components of the SafeToken Protocol
SafeToken Factory: Secure Token Creation Platform
A developer-focused service that eliminates vulnerabilities before a token is deployed.
- Pre-Audited Contracts – Prevents exploits and admin abuse.
- Built-in Security – Anti-rug pull measures and permission controls.
- Automated Deployment – Simplifies token creation with enforced security.
Example Use Case: A DeFi project launches a governance token using SafeToken Factory instead of custom code. Such a method ensures a fully secure and tamper-proof contract, minimizing investor risks.
SafeToken Locker: Advanced Liquidity Management
A liquidity locking mechanism that prevents rug pulls and liquidity scams.
- Multi-Sig Security – Withdrawals require governance approval.
- Vesting Schedules – Controls token releases to prevent large sell-offs.
- Emergency Freeze – Temporarily locks liquidity to stop fraud.
Example Use Case: A project raises liquidity through a token sale. Instead of storing funds in an admin-controlled wallet, SafeToken Locker secures liquidity under smart contract governance, providing investor protection.
Token Risk Classification Flags Scams Before Trading on Web3
To further enhance security, GoPlus Security has introduced the Token Risk Classification (TRC) system, an advanced framework for detecting and categorizing high-risk tokens.
How TRC Strengthens Security
- Detects malicious contract functions such as honeypots, backdoors, and admin exploits.
- Assigns risk scores to tokens based on automated contract audits.
- Flags high-risk tokens before trading, alerting users to potential scams.
Example Use Case: A trader is considering a newly launched token but checks its TRC rating before purchasing. The system detects a hidden function allowing developers to disable trading, signaling a potential scam. The trader avoids a rug pull.
GoPlus ($GPS) Joins Binance Hodler Airdrops
GoPlus Security ($GPS) is officially listed on Binance and is the 11th project in the Hodler Airdrops program. Binance has integrated $GPS token into trading and financial services, enhancing accessibility and liquidity.
Key features include the addition of GPS Flexible Products to Binance Simple Earn on March 4, 2025, and automated $GPS purchases through Binance Auto-Invest starting March 5, 2025.
Users can also buy $GPS via VISA, MasterCard, Google Pay, Apple Pay, and Revolut, and trade it with zero fees on Binance Convert. Additionally, $GPS is available for Margin trading with pairs like GPS/USDT and GPS/USDC.
The price of GPS/USDT on Binance has witnessed a sharp decline, falling 70% within just three days of its launch. Initially showing strong trading volumes, the token saw a steep selloff, dropping prices from over $0.15 to $0.0457 as of this writing.
Key Achievements
GoPlus Security has achieved widespread adoption, providing real-time security intelligence across multiple chains.
- 30M+ API calls per day, delivering security insights.
- 28.4M+ wallets protected, preventing unauthorized access.
- 10M+ malicious assets detected, stopping billions in potential losses.
- 5,000+ integrations, including DexScreener, DexTool, CoinGecko, and OKX Wallet.
With a growing network of security providers, AVS operators, and staking contributors, GoPlus Security is establishing itself as a leading decentralized security infrastructure in Web3.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |