Token Mint Monitoring: Use Cases

Aegis continuously tracks token creation events of the monitored ERC20 addresses, enabling users to set up real-time alerts for mints above the specified token threshold. Aegis alerts are useful for keeping track of unannounced token generation events that may dilute one’s stake and can provide an early warning against infinite mint attacks.

Token generation events are frequently associated with sudden bursts of market volatility. An unannounced airdrop or a new round of public sale can substantially increase the total token supply and lead to a steep drop in token price, affecting the portfolio value of those caught unaware. Both retail and institutional investors would benefit from adjusting their positions around these pivotal moments.

Staying up-to-date with minting events is also crucial for investment due diligence. The frequency of token generation events often speaks volumes about the project’s tokenomics and financial discipline. Unannounced or large-scale mints might be a sign of poor financial planning or potential mismanagement.

Project teams may also wish to proactively monitor their own contracts and receive immediate SMS notifications, even if offline, of unplanned mints that may signal the initial stages of an imminent exploit. In the past, some token values have been debased by infinite printing schemes carried out by malicious actors.

Another often overlooked use case of mint tracking is the oversight it provides over various stablecoins. As the gateways to crypto, many stablecoins have sought to gain the popularity of Tether, the unrivaled champion. Unsurprisingly, tracking their token mints can offer not only vital insights into the overall health of the Web3 economies but also a glimpse into the dynamics of the stablecoin wars.