How to Use the NFT Risk Calculator
Select Token Type and Enter Token Details
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.- Existing Token
- New Token
For existing tokens, input the token ID you wish to analyze on the field labeled “Token ID.” We’ll use the Wild Tigers collection (id: 
0.0.6024491) as an example.Key Factors Evaluated
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.
| Key | Risk Score | Description |
|---|---|---|
| 🔴 200 | The ADMIN key can be used to delete the entire collection
as they have control over the token’s administration. | |
| 🔴 200 | The WIPE key can be used to delete all tokens within that
collection for a specific account. | |
A collection with a FREEZE key has a moderate risk because
it can freeze an account for token transfers. | ||
The KYC key can mark an account as KYC-approved. | ||
The PAUSE key can pause or unpause a collection. Pausing a
collection prevents all transfers of the tokens within the collection. | ||
| 🟡 20 | The SUPPLY key can change the total supply of a token
within a collection and must be set to mint additional tokens. | |
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). |
Understanding the Results
Understanding the Results
The tool provides two main outputs: a risk score and a risk level. Here’s how to interpret these results:Risk ScoreThe risk score is a numerical value that indicates the overall potential risk associated with a token.
- Lower Scores (0-25): Tokens with low risk, indicating that the settings and properties of the token minimize potential vulnerabilities.
- Medium Scores (26-50): Moderate risk, suggesting some factors may need to be reviewed for secure token management.
- High Scores (51+): This indicates significant risk, indicating that several factors make the token susceptible to governance issues or potential “rug pulls.”
- The calculator provides a detailed breakdown showing how each key and token property contributes to the final risk score.
- You can use this breakdown to pinpoint high-risk settings, allowing you to make targeted adjustments to your token configuration.
- If you’re evaluating an existing token, use the results to inform investment decisions or suggest governance changes.
- For new tokens, adjust key settings to achieve a balanced risk level that fits your project’s goals for security and flexibility.
Use Risk Calculator in Combination with Other ToolsThe NFT Risk Calculator pairs well with the Token Holders List Builder 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 Airdrop List Verifier to ensure smooth distribution and airdrop eligibility.