Smart Contract
Code deployed to a blockchain that runs automatically when conditions are met.
Definition
A smart contract is a program living on-chain. It defines how a token behaves: who can mint, who can transfer, what fees apply, whether ownership can be renounced. Every memecoin, DEX swap, and lending position is a smart contract call.
The contract is the truth — not the website, not the Telegram. Before buying, check: is ownership renounced, is LP locked or burned, is there a mint function, is there a blacklist/pause function? Tools like DEXTools, Rugcheck, and Solscan make this a five-minute job. Skipping it is how you end up in a honeypot.
Examples
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Contract still has a mint function — owner can print unlimited supply.
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Renounced contract, LP burned. That's a fair launch.
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'Audited by Certik' means little — read the report, not the logo.
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