Market Analysis Report (04 Nov 2021)

Laser Eyes Club is a community created to fight scams, educate everyone about blockchain technology, and create utility products that will help cryptocurrency investors avoid scams and invest only in legitimate projects.

Hundreds of new projects are launched on the Ethereum and Binance Smart Chain (BSC) ecosystems every month, and because of the unregulated and decentralized nature of these blockchains, many of these projects take advantage of investors through numerous scams.

The Laser Eyes Club has already launched a solution for these: an automated tool that lets users enter the contract address of any Dx Sale to get an automated analysis of it. While the tool is still in beta, it already offers users useful information.

Laser Eyes Contract Scan

Laser Eyes Contract Scan is the first tool that the company released which works in the following way:

• Screens projects` source codes. If codes are unverified, these projects could be scams
• Checks liquidity to identify the availability of huge amounts of free-floating tokens. If found available, this indicates a rug pull scheme
• Looks for potential minting functions – these functions allows scammers to mint new tokens and dump them on unsuspecting investors
• Checks presale parameters to avoid token dumping on investors. When the token is actively traded, the tool identifies whether it is used as a honey pot.
• Upcoming: In-depth screen on other scam functions, checks on liquidity providers and ownership status, historic movements of developers wallets and many more. In addition, a learning platform with educational content, portfolio manager app, locking service, contract auditing service and launchpad will be released to support investors. 

The $LASERYES token

$LASEREYES token is deflationary and supported by an already working tool. $LASEREYES will be used for service fees and to airdrop rewards, with users being required to hold the token to use its services

Every transaction using $LASEREYES incurs a 10% tax, with 1% of the tokens being burned, 1% being used for static reflecting, 1% to promote liquidity, and 7% being used to further market the project and help it grow.

The token is currently being traded on PancakeSwap, but Laser Eyes Club plans on getting it listed on multiple regulated cryptocurrency exchanges. To learn more visit Laser Eyes Club official website.

Source: https://www.cryptocompare.com/email-updates/daily/2021/nov/04/