About LITE
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LITE is used as the initial token of the LUSD protocol to mint the decentralized stablecoin - LUSD and to balance the price fluctuations of LUSD.
LITE is the price counterpart of the stablecoin LUSD, and simply put, the amount of LUSD that can be minted in a single LITE is directly determined by the Token's price. LITE is issued on the Binance Smart Chain, with a total of 100 million units issued. 1million LITE will be taken out after issuance and added to the initial liquidity pool, with a ratio of 1 million USDT:1million LITE, and the remaining 99 million locked into the "Treasury" contract, which will be managed by Fist community members.
LITE minted LUSD stablecoin based on its own price. LITE uses a price minting mechanism that relies on algorithms to ensure flexibility of stablecoin is backed by LITE.
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Laser Scorebeta Last Audit: 7 August 2022
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Pragma version0.8.14 (#2) necessitates a version too recent to be trusted. Consider deploying with 0.6.12/0.7.6/0.8.7
solc-0.8.14 is not recommended for deployment
Deploy with any of the following Solidity versions: 0.5.16 - 0.5.17, 0.6.11 - 0.6.12, 0.7.5 - 0.7.6 Use a simple pragma version that allows any of these versions. Consider using the latest version of Solidity for testing.
Additional information: link
ERC20.constructor(string,string,uint8,address,address) (#19-32) uses literals with too many digits:
- _mint(dao_,1000000 * 10 ** decimals) (#30)
ERC20.constructor(string,string,uint8,address,address) (#19-32) uses literals with too many digits:
- _mint(bank_,99000000 * 10 ** decimals) (#31)
Use: Ether suffix, Time suffix, or The scientific notation
Additional information: link
Not a direct threat, but may indicate unreliable intentions of developer. Widespread names (e.g. Elon, King, Moon, Doge) are common among meme-tokens and scams. The allow to gain free hype and attract unexperienced investors.
Token is deployed only at one blockchain
BscScan page for the token does not contain additional info: website, socials, description, etc.
Additional information: link
Unable to find KYC or doxxing proof
Unable to find audit link on the website
Token is not listed at Mobula.Finance
Additional information: link
Unable to find token on CoinHunt
Additional information: link
Unable to find code repository for the project
Young tokens have high risks of scam / price dump / death
Young tokens have high risks of scam / price dump / death
Young tokens have high risks of scam / price dump / death
Young tokens have high risks of scam / price dump / death
Young tokens have high risks of scam / price dump / death
Token has relatively low CoinGecko rank
Price for LITE
LASER DESK beta
Unable to find Blog account (Reddit or Medium)
Unable to find Youtube account
Unable to find Discord account