Solana tokens are taking over. Might be the new BSC.

Anyone looking for new tokens to buy or snipe you can check out @solanacontracts

Enjoy!

If anyone is new to SOL, the security (anti-rug measures) are different than BSC and ETH. With BSC and ETH, devs lock LP and renounce ownership of the contract to show additional safety.

On SOL, the devs have to burn the LP and they have to revoke mint authority (meaning that they cannot mint more tokens and dump).

Right now there are no taxes on SOL (Token 2022 standard will change that but it is not widely adopted yet). So devs will make money by selling their own tokens.

One thing to look out for is what percentage of the supply they add to LP and what percentage is burned.

Just because LP is burned does not mean it is safe. Devs can add 20% of the supply to LP and burn it but then they have 80% of the supply to sell.

Another good channel I found is @solanaburned. They show LP burns, what percentage is burned and mint revoke status.

Base is getting more volume than Solana.

If anyone wants to get alerts on the latest launches and token deployments you can use @basecontracts.

If anyone has questions on bridging to base just let me know.