On-chain security analysis — is it a scam or legit?
BNB ChainThe AltLayerToken is a standard ERC-20 implementation utilizing OpenZeppelin libraries for pausing, minting, and permit functionality.
Read the full analysisEach factor is an on-chain fact recorded at the time of this analysis. The score is computed from them by a deterministic function, so the same contract returns the same score for anyone who runs the audit. How scores are computed
Share held by contracts — treasury, vesting, bridge or staking — is discounted against share held by wallets when the score is computed: a contract cannot decide to sell the way an anonymous holder can, though it can still be drained or voted to sell. Effective concentration is the figure the risk score is actually calculated from.
Holder balances as recorded by the audit of Oct 22, 2026
The risk score reads depth across every pair.
The LP tokens of the analysed pool are not locked or burned, so whoever holds them can withdraw that liquidity.
0x7966…e764No privileged address appears among these holders: the unlocked liquidity sits with independent providers, not with the deployer.
The owner has the ability to call the mint function, which increases the total supply of the token. This allows the controller to dilute the holdings of all existing token holders at any time.
Implement a timelock or a hard cap on the total supply to restrict the owner's ability to mint tokens arbitrarily.
Unresolved
The owner can call the pause and unpause functions, which effectively freeze all token transfers. This gives the controller the power to prevent users from moving their assets.
Restrict the use of pause functionality to emergency scenarios only and consider adding a governance vote requirement before pausing.
Unresolved
0.0% of the pool's LP is burned or time-locked. 100.0% is held, unlocked, by 1 address(es) other than the owner/deployer. One of them — a wallet, 0x7966…e764 — holds 100.0% and can remove that share at once; who controls it is not visible on-chain, so it is not treated as an independent provider. Some pools are concentrated-liquidity (V3/V4) positions; shares above are by position as GoPlus reports them.
Check the lock's end date and beneficiary on the locker's own page before relying on it.
Acknowledged
The ten largest holders own 73.7% of supply. What remains: 61.1% in wallets, 12.6% in other contracts. 8,882 holders in total.
Watch the largest wallets that are not exchanges, pools or locks — those are the ones that can move the price.
Acknowledged
Listed on CoinGecko as AltLayer (ALT), market cap $87M, rank #307. Traded on Binance, Coinbase. 8,882 holders. Verified by: CoinGecko.
Match the contract address against the project's official channels before trading.
Acknowledged
Liquidity $69K (DexScreener, all pools). 24h trading volume $100.3M (CoinGecko, all markets, daily snapshot). 24h trading volume $126K (DexScreener, all pools). CoinGecko's record for this coin: all-time high $0.677 on 2024-03-28; the price is now 98.2609% below it.
Size any position to the liquidity and daily volume shown — they set how much you can sell and at what price.
Acknowledged
A token whose main use is voting on a protocol's decisions (delegation and vote checkpoints in its code). The class itself adds no points; the contract and market facts decide the score. Basis: CoinGecko category: Governance. Tokenomics — Supply: mintable with no on-chain cap found. Control: a ProxyAdmin contract. Code: not upgradeable (no proxy). Fees: no buy or sell tax. Market: $69K of DEX liquidity across 2 pools. Launch: 1000 days of market history.
Check how much of the voting supply insiders hold and what governance can change.
Acknowledged
The AltLayerToken is a standard ERC-20 implementation utilizing OpenZeppelin libraries for pausing, minting, and permit functionality. The architecture is straightforward and relies on centralized ownership for administrative control. While the code follows industry standards, the ability for the owner to mint tokens and pause transfers introduces centralized risk that requires trust in the protocol's governance.
The contract utilizes robust, battle-tested OpenZeppelin libraries for all core ERC-20 operations. 7.1 Architecture is modular and 7.2 Code Security is high due to the use of standard, audited patterns. 7.3 Access Control is strictly enforced via the Ownable pattern, ensuring only authorized addresses can trigger sensitive functions. No complex logic or external dependencies exist that would increase the attack surface.
7.4 Economic and 7.5 Governance risks are centered on the owner's ability to mint tokens and pause transfers. The minting function allows for supply inflation, which directly impacts token holder value. 7.6 External dependencies are limited to standard library interfaces, minimizing integration risks. The current multisig setup (3/2) provides a necessary layer of protection against single-point-of-failure risks.
7.7 Upgrades are not supported as this is a non-proxy contract. 7.8 Operations are limited to standard administrative tasks like pausing and minting. The lack of upgradeability ensures immutability of the current logic, which is a positive security trait for token contracts.
The protocol should consider transitioning ownership to a decentralized governance contract or a larger multisig to mitigate the risks associated with centralized control.
Additionally, implementing a timelock on the minting function would provide transparency and prevent sudden supply changes.
Free for any token on the record. It links to this page and always shows the current score and the date it was checked.
Score changes are recorded as dated snapshots — history is append-only and cannot be edited.
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