Read a Robinhood Chain token on Blockscout.
Four things to look at on a token’s page, and what each one tells you. The example is $COVENANT.
Open the token.
Blockscout for Robinhood Chain is at robinhoodchain.blockscout.com. Paste the token’s contract address into its search. $COVENANT’s is:
0xcd2c8ca6789ccec87b7358e916878e2a2a57de79What to look at.
- 1
The address, not the ticker
Anyone can launch a coin with any name and ticker, and several coins on the chain share the same ticker. Only the address is unique: match it to the one on the coin’s Uprally page.
- 2
Its holders
The list of wallets that hold it. A pool or a launchpad’s curve contract near the top is normal: that is where the coins people trade sit. One plain wallet holding a large share is not.
- 3
Its contract
Whether its source code is published and verified, so anyone can read what it does, and whether it is a proxy, which means its code can be swapped after launch.
- 4
How it launched
The transaction that created it: which wallet deployed it, and who else got coins in that same transaction or the blocks right after it. That is what a bundled launch looks like.
Common questions.
Is Blockscout the only explorer?
The contract isn’t verified. Is that bad?
Why does a pool hold so much?
Next: bundled launches.