🛡️ Iron Oath Company

Iron Oath Company is another Telegram mining app with its own on-chain token, $IOC. At first glance, it may look like a simple opportunity to earn crypto through passive mining, but there are several serious concerns regarding its tokenomics and smart contract security.

The project revolves around mining $IOC tokens through the app. However, I wouldn't put much hope into this project, as the risks associated with its token appear to outweigh the potential benefits.

Just like Lunar Ore Burrow, Iron Oath Company has several red flags that should not be ignored:

• Low liquidity: relatively small liquidity means even minor buy or sell orders can cause dramatic price fluctuations.
• Unlocked liquidity: the liquidity pool is not locked, meaning it could potentially be withdrawn at any time.
• Minting permissions: the token contract appears to allow additional tokens to be minted, creating a risk of supply dilution.
• Modified contract: DTrade bot reportedly flags the token contract as modified, raising additional security concerns.

Even if the app itself works properly and displays mining rewards, this does not guarantee that $IOC will retain its value or that you will be able to sell your tokens.

Proceed with extreme caution. I would seriously consider avoiding this project altogether rather than risking money on such uncertain tokenomics.