Reading tokenomics on BscScan is crucial if you’re evaluating a token on the Binance Smart Chain (BSC) — whether for research, investing, or due diligence. While BscScan doesn’t always show a full “tokenomics” breakdown (like you’d find in a whitepaper), it does give you critical on-chain data that helps you infer a token’s structure.
🔍 Step-by-Step Guide to Reading Tokenomics on BscScan
✅ 1. Search for the Token
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Go to: https://bscscan.com
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In the search bar, type the token name (Meta Dollar Coin), symbol (MDC), or contract address (0x69bf422871e3df997069f885475c06821cf4d381)
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Click on the correct token from the results.
✅ 2. Check the Basic Info
You’ll land on the token tracker page, e.g., for MDC: https://bscscan.com/token/0x69bf422871e3df997069f885475c06821cf4d381
Look at:
| Field | What It Tells You |
|---|---|
| Token Name / Symbol | Name and ticker |
| Decimals | How divisible the token is |
| Total Supply | Max number of tokens ever minted |
| Holders | Number of wallet addresses holding the token |
| Transfers | Total number of token transfers to date |
✅ 3. Click “Holders” Tab
Here you see the top holders and how much supply they own.
🔎 Why it matters:
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If a few wallets hold a majority, the project may be centralized or vulnerable to rug pulls.
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Look for contract addresses labeled “burn”, “liquidity pool”, or “staking” — these often aren’t real holders.
💡 Look for:
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Top 10 holders %
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Burn address
✅ 4. Check “Contract” Tab
This shows the smart contract source code.
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If verified, you can read the token logic.
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Look for token features like:
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Reflection (auto-reward holders)
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Burn mechanisms
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Anti-whale limits
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Taxes/fees on buys/sells
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✅ 5. Check for Minting Functions
Under the “Read Contract” or “Write Contract” tabs:
✅ 6. Analyze the Transactions
In the “Token Transfers” section:
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Look for suspicious patterns like huge transfers, dumps, or frequent high-fee transactions.
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Pay attention to labels like PancakeSwap: Router, Burn address, etc.
✅ 7. Check External Links
On the token page, look for:
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Website
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Socials
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Audit Report
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Whitepaper
