The DERC20 contract is a standard ERC-20 token with additional governance and vesting capabilities. The protocol exhibits centralized control, allowing the owner to mint tokens and restrict transferability. While the code follows standard OpenZeppelin patterns, the high degree of administrative privilege poses a significant trust requirement for 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
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
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, 2026How the supply is spread across holders could not be read — the indexer's holder list does not add up to the supply. Check the largest holders on a block explorer, which reads current balances.
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 Token Minting Authority
The owner has the authority to increase the total supply of tokens via the updateMintRate and release functions. This allows for potential supply inflation that dilutes the value of existing holdings.CP-01
Issue
The owner has the authority to increase the total supply of tokens via the updateMintRate and release functions. This allows for potential supply inflation that dilutes the value of existing holdings.
Fix
Consider implementing a hard cap on the total supply or moving the minting authority to a decentralized governance mechanism.
Status
Unresolved
MediumCentralized Control Over Token Transfers
The owner can use the lockPool and unlockPool functions to enable or disable token transfers globally. This grants the owner the ability to freeze user funds or prevent trading at their discretion.CP-05
Issue
The owner can use the lockPool and unlockPool functions to enable or disable token transfers globally. This grants the owner the ability to freeze user funds or prevent trading at their discretion.
Fix
Remove the ability to pause transfers or implement a community-driven voting process for any transfer restrictions.
Status
Unresolved
InfoNot listed by any independent source
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
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 $52K (DexScreener, all pools). 24h trading volume $273K (DexScreener, all pools).QA-MARKET
Issue
Liquidity $52K (DexScreener, all pools). 24h trading volume $273K (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: $52K 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: $52K 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 Permit functionality. 7.1 Architecture is modular and 7.2 Code Security is high due to standard implementation. 7.3 Access Control is strictly enforced via Ownable, though it grants extensive power to the owner. 7.6 External dependencies are limited to standard libraries, reducing integration risks.
7.4 Economic and 7.5 Governance aspects are heavily centralized. The owner has the ability to mint tokens and toggle transferability, which directly impacts 7.8 Operations. While minting is capped at 2% annually, the lack of a timelock or multi-sig requirement for these actions increases the risk of centralized abuse.
The contract is not upgradeable (7.7 Upgrades), which provides immutability for the core logic. This eliminates risks associated with proxy pattern vulnerabilities or malicious logic updates. The state is fixed, ensuring that the current rules remain consistent over time.
To improve security, it is recommended to transition ownership to a multi-signature wallet or a decentralized governance contract to mitigate the risk of a single point of failure.
Additionally, 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.
- Oct 21, 202658Medium
Score changes are recorded as dated snapshots — history is append-only and cannot be edited.
Would You Like a More Detailed Audit of American Oil Dividend Fund?
This token is brand new. Run a deeper AI-powered analysis of the contract code — free and instant.
Get Detailed Audit Is this your token? Publish your own audit on this page