BNBeanstalk ($BEANS), is a token on the Binance Smart Chain
(BSC) created by a team of likeminded investors with the
ambition of changing the way everyday people choose their
investments on a day-to-day basis.

In the beginning of the BSC uprising in late 2020, the team
estimates the likelihood of being subject to a scam project was
approximately 20%. Now as we all know this figure is closer to
90% should you pool a sample of randomised projects launched
on BSC.

This has put everyday investors on the backfoot, and has
contributed to the success of now well-established projects like
Pogged.Finance who have produced software to check newly
launched contracts for malicious functions and Liquidity locks.

Although we strongly believe these “scam detectors” assist
investors identifying malicious projects, we do not believe they
go far enough. For example, a contract can be clean of
malicious functions, but scammers have begun to retain
ownership and add in malicious functions post-launch to allow
delayed honeypots and token minting. We also believe that this
has misguided investors as to the purpose of retaining
ownership over a smart contract and has rightly caused
mistrust in projects that do choose to retain ownership.

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