NFT Risk Calculator
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The evaluates the potential risk associated with tokens on the Hedera network, focusing on the likelihood of a "" based on specific token properties. The risk calculator generates a comprehensive risk score and risk level by analyzing key factors, such as the Admin Key, Supply Key, and KYC Key. The calculator can be used to assess both existing tokens and those you plan to create, gaining insights into how specific properties may make a collection more or less risky. This helps developers and token creators make informed decisions about token security and governance.
Start by choosing the type of token you want to evaluate. The application offers an easy-to-use interface that lets you toggle between assessing a new token or an existing token on the Hedera network.
The key factors evaluated include whether a token has control over its operations through specific keys. For example:
Admin Keys grant control over modifying the token's properties or configurations. If enabled, the admin key significantly influences the risk score since it gives the holder broad control over the token.
Supply Keys control the minting and burning of the token's supply. Tokens with a Supply Key enabled have higher flexibility in adjusting supply but also pose potential risks, as the supply could be manipulated.
KYC Keys determine whether accounts need to be verified (KYC’d) before transacting with the token. A token requiring KYC may indicate stricter control and lower risk but also restricts participation.
This detailed risk factor score table below breaks down the potential vulnerabilities and shows how each key influences the overall risk score.
ADMIN
🔴 200
The ADMIN key can be used to delete the entire collection as they have control over the token’s administration.
WIPE
🔴 200
The WIPE key can be used to delete all tokens within that collection for a specific account.
FREEZE
🟠 50
A collection with a FREEZE key has a moderate risk because it can freeze an account for token transfers.
KYC
🟠 50
The KYC key can mark an account as KYC-approved.
PAUSE
🟠 50
The PAUSE key can pause or unpause a collection. Pausing a collection prevents all transfers of the tokens within the collection.
SUPPLY
🟡 20
The SUPPLY key can change the total supply of a token within a collection and must be set to mint additional tokens.
FEE SCHEDULE
🟡 20
The FEE SCHEDULE key has the ability to change the Collection’s royalty fees after it has been minted. Changing the royalty fees of a Collection will impact all tokens within the Collection (fixed, royalty and fallback).
For existing tokens, input the token ID you wish to analyze on the field labeled "Token ID." We'll use the collection (id: ) as an example.
For a new token, this would be the *.
Each key grants a specific level of control over token operations, letting you customize how your token is managed and interacts with users. Toggling these keys (also see in the next step) provides granular control over features and security, allowing configurations that range from flexible to highly governed.
The NFT Risk Calculator pairs well with the to evaluate the risk of tokens held by specific wallet addresses and understand the potential exposure of those holders. Moreover, after identifying the list of token holders, you can use the to ensure smooth distribution and airdrop eligibility.
