Mint Authority

When sniping memetokens, understanding mint authority is crucial. Although it can be a complex topic, here's a straightforward explanation:

This refers to the creator's power to mint (create) new tokens. If Mint Authority is enabled, the developer or creator of the token can mint an unlimited number of tokens, thereby increasing the supply.

How Does it Work?

Some developers or creators might misuse mint authority by unexpectedly generating a large number of new tokens. This sudden increase in supply can devalue the tokens you hold, much like how printing more money can cause inflation, especially if the developers sell all the newly minted tokens.

How do you prevent Mint Authority? Here are a few ways:

1. You can use the "Mint Authority Disabled" filter to not see tokens with mint authority.

1. When sniping, check for the "✅" against the "MAD" section. This means that the token has Mint Authority disabled - meaning the token creator cannot increase the supply of tokens.

Use the features on Autosnipe and stay safe when sniping. Read more about Mint Authority here: https://x.com/autosnipeai/status/1796924788574687336