The security check rates SmarDex (SDEX) as medium risk. The two factors behind this rating are how concentrated the token holdings are and how little liquidity there is on decentralised exchanges (DEX).

• Selling: the GoPlus check did not flag a honeypot (a token that blocks holders from selling), and it did not find a restriction on selling all tokens or on buying.
• Taxes: the check reports a buy tax of 0% and a sell tax of 0%.
• Owner powers: the check reports no active owner. It did not find functions to mint new tokens, pause transfers, blacklist addresses, change balances or upgrade the contract. The source code is verified.
• Holder concentration (a reason for the medium rating): the top 10 holders hold 89.5% of supply, and the largest holder holds 65.6%. There are 7,815 holders. Burn and locked addresses are excluded from these figures, and top holders can include exchange wallets and contracts.
• DEX liquidity (a reason for the medium rating): the token has $403 of liquidity across 7 pools, and 0% of the LP tokens are locked or burned. The market cap is $6.03M and the 24-hour volume is $7365.