Early-stage security check — honeypot & rug-pull analysis
The DERC20 contract is a standard ERC-20 token with additional governance and vesting capabilities.
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 20, 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.
The owner has the ability to mint new tokens via updateMintRate and release functions. This allows the owner to increase the total supply at their discretion, which can dilute the value of existing holdings.
Implement a timelock for minting operations or transition control to a decentralized governance body to prevent arbitrary supply increases.
Unresolved
The owner can use lockPool and unlockPool to enable or disable token transfers. This gives the owner the power to freeze user assets or halt trading activity at any time.
Remove the ability to arbitrarily pause transfers or implement a community-driven voting mechanism to trigger such restrictions in extreme emergency scenarios only.
Unresolved
The ten largest holders own 100.0% of supply. Of that, 3.7% burned — not holders that can sell, so excluded from the concentration score. What remains: 16.3% in wallets, 80.0% in other contracts. The deployer/owner wallet itself holds 16.2%. 2,599 holders in total.
Watch the largest wallets that are not exchanges, pools or locks — those are the ones that can move the price.
Acknowledged
2,599 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.
Match the contract address against the project's official channels before trading.
Acknowledged
Liquidity $50K (DexScreener, all pools). 24h trading volume $355K (DexScreener, all pools).
Size any position to the liquidity and daily volume shown — they set how much you can sell and at what price.
Acknowledged
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: $50K of DEX liquidity across 1 pools. Launch: under a day of market history.
Check the project's own documentation for what the token is used for; this report covers what the contract allows.
Acknowledged
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.
Re-check ownership, liquidity and holder distribution as the token matures; those are the facts that move early.
Acknowledged
The DERC20 contract is a standard ERC-20 token with additional governance and vesting capabilities. The protocol relies on a centralized owner to manage inflation, vesting releases, and transfer restrictions. While the code follows standard OpenZeppelin patterns, the high level of administrative control over token supply and transferability presents a significant centralization risk.
The contract utilizes well-audited OpenZeppelin libraries for ERC-20, Votes, and Permit functionality. 7.1 Architecture is modular, and 7.2 Code Security is high due to the use of standard, battle-tested implementations. 7.3 Access Control is strictly enforced via Ownable, though the scope of owner privileges is broad. 7.6 External dependencies are minimal and standard.
7.4 Economic and 7.5 Governance aspects are heavily centralized under the owner address. The owner has the ability to mint tokens and toggle transfer restrictions, which directly impacts token holder value. While inflation is capped at 2% per year, the lack of a timelock or decentralized governance mechanism for these actions is a concern.
7.7 Upgrades are not supported as the contract is not a proxy. 7.8 Operations are managed via owner-restricted functions. The lack of upgradeability ensures immutability of the logic, but prevents emergency patching if a vulnerability were discovered.
To improve security, consider transitioning ownership to a multi-signature wallet or a decentralized governance contract (DAO) 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 significant economic changes. Ensure that the owner address is secured with robust key management practices. Regularly audit the vesting schedule and inflation parameters to ensure they remain aligned with the protocol's long-term economic goals.
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