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, pool locking, and vesting releases. While the code follows standard OpenZeppelin patterns, the high degree of administrative control over token supply and transferability presents a significant centralization risk to token holders.
Early-stage security check — honeypot & rug-pull analysis
Is American Oil Dividend 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 is a standard ERC-20 token with additional 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
- Liquidity not locked
- 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
- Liquidity NOT locked (100% of the pool) — who holds it cannot be verified
- Top-10 concentration > 30% (100.0% total → 48.2% effective; 16.2% in EOAs, 80.0% in contracts; 3.8% burned, locked or in pools excluded)
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 · Oct 21Holders
as of audit · Oct 21, 2026- Contractstreasury, vesting, bridge, staking80.0%
- Walletsanonymous holders, free to sell16.2%
- Burnedout of circulation3.8%
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 Oct 21, 2026
Liquidity
as of audit · Oct 21The 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.
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 on minting functions or move control to a decentralized governance body to prevent arbitrary supply increases.
Status
Unresolved
MediumCentralized Control Over Transferability
The owner can use the lockPool and unlockPool functions to toggle the transferability of tokens. This gives the owner the power to freeze user assets or prevent trading at any time.CP-05
Issue
The owner can use the lockPool and unlockPool functions to toggle the transferability of tokens. This gives the owner the power to freeze user assets or prevent trading at any time.
Fix
Remove the ability to arbitrarily lock transfers or restrict this functionality to a decentralized emergency pause mechanism with a clear, community-defined scope.
Status
Unresolved
InfoWho holds the supply
The ten largest holders own 100.0% of supply. Of that, 3.8% burned — not holders that can sell, so excluded from the concentration score. What remains: 16.2% in wallets, 80.0% in other contracts. The deployer/owner wallet itself holds 16.2%. 2,076 holders in total.QA-HOLDERS
Issue
The ten largest holders own 100.0% of supply. Of that, 3.8% burned — not holders that can sell, so excluded from the concentration score. What remains: 16.2% in wallets, 80.0% in other contracts. The deployer/owner wallet itself holds 16.2%. 2,076 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
2,076 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
2,076 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 $113K (DexScreener, all pools). 24h trading volume $713K (DexScreener, all pools).QA-MARKET
Issue
Liquidity $113K (DexScreener, all pools). 24h trading volume $713K (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: $113K 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: $113K 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 · Oct 21The 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 implementations. 7.3 Access Control is strictly enforced via Ownable, though it grants excessive power to the owner. 7.6 External dependencies are minimal and standard.
7.4 Economic and 7.5 Governance aspects are highly centralized. The owner can unilaterally mint tokens and halt transfers, which directly impacts holder value. There is no decentralized governance mechanism to check these powers.
7.7 Upgrades are not supported as the contract is not a proxy. 7.8 Operations are managed by the owner, which is the primary point of failure.
To improve security, transition the ownership of the contract to a multi-signature wallet or a decentralized DAO governance contract.
This would mitigate the risk of a single point of failure or malicious administrative action. Additionally, consider implementing a timelock for sensitive functions like updateMintRate and lockPool. A delay period would provide transparency and allow the community to react to significant changes in tokenomics or transfer rules.
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.
- Oct 21, 202660Medium
Score changes are recorded as dated snapshots — history is append-only and cannot be edited.
Frequently Asked Questions
What is the AODF contract address?
The American Oil Dividend Fund (AODF) contract on Base is 0x92fe0cf9c4d60c35292c3c8c39135cce2420553f. Compare it with the address the project itself publishes before trading: other contracts can carry the same name and ticker.
Is American Oil Dividend Fund a scam?
Quantum Audit's risk score for American Oil Dividend Fund is 60/100 (Medium risk) as of Oct 21, 2026, computed by a deterministic function from on-chain facts — Contract verified: Verified; Ownership: Retained; Mint: Mintable; Liquidity lock: Not locked; Upgradeability: Fixed code; Honeypot: None found; Buy / sell tax: 0% / 0%. A score is a dated snapshot of those facts, not a guarantee; each one is listed on this page.
Is AODF liquidity locked?
Liquidity lock: Not locked (as of Oct 21, 2026). Total DEX liquidity: $113.4K.
Who holds AODF?
As of Oct 21, 2026, the 10 largest holders own 100.0% of the supply across 2,076 holders. The Holders section on this page shows who they are by holder type.
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