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Security Alert: LUGI Token Risk Warning
Project Name: Lugi | Token: $LUGI
Blockchain: Ethereum
A potential security concern has been identified with this project. The contract shows that ownership privileges have not been renounced, which poses a risk to token holders. This means the contract creator retains elevated control over the token mechanics and fund flows.
Key Risk Factor:
⚠️ Ownership not renounced - creators maintain administrative control
⚠️ Ethereum-based token vulnerable to centralized decision-making
Before participating in any token project, always verify:
• Whether contract ownership has been properly renounced
• Smart contract audit status
• Liquidity lock status and duration
• Team transparency and project roadmap
This is a standard precaution when evaluating newly launched or lesser-known tokens. Always conduct thorough due diligence.