Module 03How-toShort answer live

How can a beginner read a smart contract?

By the FOMOEgg CTO team · Updated October 16, 2026 · Lesson 18 of 48
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The FOMOEgg egg in the studio, illustrating: How can a beginner read a smart contract?
Short answer

You do not need to code. Check that source is verified, and look for mint, blacklist, tax and owner controls with a scanner.

How to check it yourself

  1. On the explorer, check that the contract source code is verified.
  2. Run the address through a token scanner and read its notes on mint, blacklist, tax and owner controls.
  3. Check whether ownership is renounced or still held by one wallet.

Sources

  • docs.webacy.comhttps://docs.webacy.com/guides/dex-token-screening
  • world.webacy.comhttps://world.webacy.com/how-to-spot-a-rug-pull-10-essential-steps-for-crypto-safety

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