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Is American Oil Dividend Fund a Scam?

AODFBase
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 →
Last checked Oct 21, 2026 · 1 audit on recordNew Launch · 12h old
SummaryAI Copilot

The DERC20 contract is a standard ERC-20 implementation with additional governance and vesting features.

Read the full analysis
What raised the score
  • 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% (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

Early-stage analysis. This token has limited on-chain history (12h old). New tokens carry elevated risk — data may change rapidly. Always verify independently before investing.

Security Checklist

as of audit · Oct 214 of 7 checks passed
Contract verifiedVerified
OwnershipRetained
MintMintable
Liquidity lockUnknown
UpgradeabilityFixed code
HoneypotNone found
Buy / sell tax0% / 0%

Holders

as of audit · Oct 21, 20265,140 holders
80.0%Contracts16.2%Wallets3.8%
80.0%Contracts16.2%Wallets3.8%
ContractsWalletsBurnedBubble area = share of supply
100.0%of supply sits with the top 10 holders
  • Contractstreasury, vesting, bridge, staking80.0%
  • Walletsanonymous holders, free to sell16.2%
  • Burnedout of circulation3.8%
Effective concentrationwhat the score reads48.2%
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 21$176.6K

The risk score reads depth across every pair.

LP tokensUnknown

Whether the LP tokens are locked could not be determined.

Analysed pool$176.6KShare of depth100.0%

Security Findings

2 Medium5 Info
Medium

Centralized Minting Control

The owner has the authority to mint new tokens via updateMintRate and release functions. This allows the owner to increase the total supply, which directly dilutes the value of existing holdings.CP-01

Issue

The owner has the authority to mint new tokens via updateMintRate and release functions. This allows the owner to increase the total supply, which directly dilutes the value of existing holdings.

Fix

Implement a timelock on minting functions or transition ownership to a DAO to ensure community oversight of supply changes.

Status

Unresolved

Medium

Centralized Transfer Restrictions

The owner can use lockPool and unlockPool to enable or disable token transfers. This gives the owner the power to freeze user assets or prevent trading at their discretion.CP-05

Issue

The owner can use lockPool and unlockPool to enable or disable token transfers. This gives the owner the power to freeze user assets or prevent trading at their discretion.

Fix

Remove the ability to arbitrarily lock transfers or restrict this functionality to a decentralized governance vote.

Status

Unresolved

Info

Who 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%. 5,140 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%. 5,140 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

Info

Not listed by any independent source

5,140 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

5,140 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

Info

The market for this token

Liquidity $177K (DexScreener, all pools). 24h trading volume $409K (DexScreener, all pools).QA-MARKET

Issue

Liquidity $177K (DexScreener, all pools). 24h trading volume $409K (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

Info

Asset 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: $177K 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: $177K 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

Info

Recently 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 21
Executive SummaryWhat the contract is and what the review found

The DERC20 contract is a standard ERC-20 implementation with additional governance and vesting features. The protocol relies on a centralized owner to manage inflation, token vesting releases, and pool transfer restrictions. While the code follows standard OpenZeppelin patterns, the high degree of administrative control presents a significant centralization risk for token holders.

Technical8/10Low 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 patterns. 7.3 Access Control is strictly enforced via Ownable, though the owner possesses extensive powers. 7.6 External dependencies are minimal and standard.

Governance3/10High risk

7.4 Economic and 7.5 Governance aspects are heavily centralized. The owner can unilaterally mint tokens up to a 2% yearly cap and toggle transferability via pool locks. This creates a trust-based model where holders must rely on the owner's integrity. 7.8 Operations are simplified by these administrative functions but lack transparency for end-users.

Upgrades4/10Medium risk

7.7 Upgrades are not supported as the contract is not a proxy. The logic is immutable, which provides security against hidden logic changes. However, this also means that any discovered bugs cannot be patched without a migration.

Final RecommendationWhat to do about this score

To improve security and trust, consider transitioning the owner role to a multi-signature wallet or a decentralized governance contract.

This would mitigate the risk of a single compromised key performing unauthorized minting or locking user transfers. Additionally, implement a timelock for all sensitive administrative functions like updateMintRate. A delay period would provide the community with visibility and the ability to react to significant changes in the token's economic parameters.

Contract & Record

1 audit on record
TypeToken
NetworkBase
Token age12h
Contract0x11ad…34d5
Deployer0x7770…ed5f
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Audit History
  1. Oct 21, 202659Medium

Score changes are recorded as dated snapshots — history is append-only and cannot be edited.

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