The DERC20 contract implements a standard ERC-20 token with governance and vesting capabilities. The protocol relies on a centralized owner to manage inflation rates and pool access. While the code follows standard OpenZeppelin patterns, the high degree of administrative control over supply and transferability introduces significant trust requirements for token holders.
Early-stage security check — honeypot & rug-pull analysis
Is American Dividen Oil Fund a Scam?
Not verified
This record has not gone through deep verification and is not being monitored. The score is a dated snapshot — the token’s risk can change at any time.Own this token? Put it under verification →The DERC20 contract implements a standard ERC-20 token with governance and vesting capabilities.
Read the full analysis- Owner can pause all transfers
- A privileged address controls a switch that decides whether transfers go through
- Mintable supply — no cap found, dilution unbounded
- LP lock status UNKNOWN — the pool's LP could not be read
- Top-10 concentration > 30%
Exact factors
- Owner can pause all transfers
- A privileged address controls a switch that decides whether transfers go through
- Mintable supply — no cap found, dilution unbounded
- LP lock status UNKNOWN — the pool's LP could not be read
- Top-10 concentration > 30% (95.5% total → 38.5% effective; 0.5% in EOAs, 95.0% in contracts)
Each 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
Security Checklist
as of audit · Nov 2Holders
as of audit · Nov 2, 2026- Contractstreasury, vesting, bridge, staking95.0%
- Walletsanonymous holders, free to sell0.5%
- Everyone else147 holders4.5%
How holder types affect the score
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 Nov 2, 2026
Liquidity
as of audit · Nov 2The risk score reads depth across every pair.
Whether the LP tokens are locked could not be determined.
Security Findings
MediumCentralized Control Over Token Supply
The owner has the authority to call updateMintRate and release, which can increase the total supply of the token. This allows the owner to dilute the holdings of all existing token holders at their discretion.CP-01
Issue
The owner has the authority to call updateMintRate and release, which can increase the total supply of the token. This allows the owner to dilute the holdings of all existing token holders at their discretion.
Fix
Implement a timelock for all supply-altering functions to ensure that changes are transparent and provide users with sufficient notice.
Status
Unresolved
MediumCentralized Control Over Transferability
The owner can use the lockPool and unlockPool functions to enable or disable token transfers. This gives the owner the power to freeze user funds or restrict market activity at any time.CP-05
Issue
The owner can use the lockPool and unlockPool functions to enable or disable token transfers. This gives the owner the power to freeze user funds or restrict market activity at any time.
Fix
Remove the ability to arbitrarily lock transfers or restrict this functionality to a decentralized governance vote.
Status
Unresolved
InfoWho holds the supply
The ten largest holders own 95.5% of supply. What remains: 0.5% in wallets, 95.0% in other contracts. 157 holders in total.QA-HOLDERS
Issue
The ten largest holders own 95.5% of supply. What remains: 0.5% in wallets, 95.0% in other contracts. 157 holders in total.
Fix
Watch the largest wallets that are not exchanges, pools or locks — those are the ones that can move the price.
Status
Acknowledged
InfoNot listed by any independent source
157 holders. Not listed by CoinGecko or any exchange GoPlus tracks. Nothing independent confirms who is behind this token, so every power its contract grants is scored at face value.QA-IDENTITY
Issue
157 holders. Not listed by CoinGecko or any exchange GoPlus tracks. Nothing independent confirms who is behind this token, so every power its contract grants is scored at face value.
Fix
Match the contract address against the project's official channels before trading.
Status
Acknowledged
InfoThe market for this token
Liquidity $30.0M (DexScreener, all pools). 24h trading volume $187K (DexScreener, all pools).QA-MARKET
Issue
Liquidity $30.0M (DexScreener, all pools). 24h trading volume $187K (DexScreener, all pools).
Fix
Size any position to the liquidity and daily volume shown — they set how much you can sell and at what price.
Status
Acknowledged
InfoAsset class: Project token
A token issued by a project for use, governance or fundraising. Scored on its contract and market facts. The class itself adds no points; the contract and market facts decide the score. Basis: no class-specific evidence. 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: $30.0M of DEX liquidity across 1 pools. Launch: under a day of market history.QA-PROFILE
Issue
A token issued by a project for use, governance or fundraising. Scored on its contract and market facts. The class itself adds no points; the contract and market facts decide the score. Basis: no class-specific evidence. 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: $30.0M of DEX liquidity across 1 pools. Launch: under a day of market history.
Fix
Check the project's own documentation for what the token is used for; this report covers what the contract allows.
Status
Acknowledged
InfoRecently launched — less than a day of market history
The token's oldest DEX pool is less than a day old. Age is not part of the risk score — a new token is not a risky one by default — but a short history means fewer trades and holder changes behind the facts in this report.QA-RECENT
Issue
The token's oldest DEX pool is less than a day old. Age is not part of the risk score — a new token is not a risky one by default — but a short history means fewer trades and holder changes behind the facts in this report.
Fix
Re-check ownership, liquidity and holder distribution as the token matures; those are the facts that move early.
Status
Acknowledged
Analysis
AI Copilotas of audit · Nov 2The contract utilizes well-audited OpenZeppelin libraries for ERC-20, Votes, and Permitting. 7.1 Architecture is modular, and 7.2 Code Security is high due to standard implementation patterns. 7.3 Access Control is strictly enforced via Ownable, though it grants broad powers to the owner. 7.6 External dependencies are limited to standard, battle-tested libraries.
7.4 Economic and 7.5 Governance aspects are heavily centralized. The owner can unilaterally mint tokens up to a 2% annual cap and toggle transferability via pool locking. This creates a dependency on the owner's integrity for price stability and liquidity access. 7.8 Operations are transparent but rely on the owner's timely execution of minting and unlocking functions.
7.7 Upgrades are not supported as the contract is not a proxy. The logic is immutable, which provides security against malicious logic updates. However, this also prevents fixing potential issues without a migration.
To improve security, consider transitioning ownership to a multi-signature wallet or a decentralized governance contract to mitigate the risk of a single point of failure.
Implementing a timelock on sensitive functions like updateMintRate would provide transparency and allow the community to react to administrative changes.
Contract & Record
Free for any token on the record. It links to this page and always shows the current score and the date it was checked.
- Nov 2, 202659Medium
Score changes are recorded as dated snapshots — history is append-only and cannot be edited.
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