Trade Safely
Mint Authority
Trade Safely
Mint Authority
Mint Authority should be disabled
Here’s a simple explanation of how mint authority works and how to check for it:
What is Mint Authority?
Mint Authority is the ability of a token’s creator to generate new tokens at will. If active, the creator can potentially expand the supply indefinitely, similar to how central banks print money.
Some token creators might exploit this authority by suddenly minting a vast number of tokens, flooding the market and devaluing existing tokens, much like inflation erodes the value of money.
Steps to Guard Against Mint Authority Abuse:
- Before buying, use a tool like rugcheck to determine if mint authority is still enabled on a token.
- Platforms like BirdEye & DexScreener can confirm if mint authority has been renounced, meaning no one can mint new tokens.
Our New Pairs monitor on all our bots will show you whether a token has mint authority enabled or disabled.