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Is American Oil Dividend Fund a Scam?

AODFBase
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Last checked Oct 24, 2026 · 1 audit on recordNew Launch · 11h old
SummaryAI Copilot

The DERC20 contract is a standard ERC-20 token with additional governance and vesting capabilities.

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
  • Liquidity < $50k
  • 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
  • Liquidity < $50k ($46,948 across 1 pairs — thin market)
  • Top-10 concentration > 30% (100.0% total → 48.2% effective; 16.2% in EOAs, 80.1% in contracts; 3.7% 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 (11h old). New tokens carry elevated risk — data may change rapidly. Always verify independently before investing.

Security Checklist

as of audit · Oct 244 of 7 checks passed
Contract verifiedVerified
OwnershipRetained
MintMintable
Liquidity lockUnknown
UpgradeabilityFixed code
HoneypotNone found
Buy / sell tax0% / 0%

Holders

as of audit · Oct 24, 20262,545 holders
80.1%Contracts16.2%Wallets3.7%
80.1%Contracts16.2%
ContractsWalletsBurnedBubble area = share of supply
100.0%of supply sits with the top 10 holders
  • Contractstreasury, vesting, bridge, staking80.1%
  • Walletsanonymous holders, free to sell16.2%
  • Burnedout of circulation3.7%
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 24, 2026

Liquidity

as of audit · Oct 24$46.9K

The risk score reads depth across every pair.

LP tokensUnknown

Whether the LP tokens are locked could not be determined.

Analysed pool$46.9KShare of depth100.0%

Security Findings

2 Medium5 Info
Medium

Centralized Control Over Token Supply

The owner can call updateMintRate and release to increase the total supply of the token. This allows the owner to dilute the holdings of all existing token holders at their discretion, provided they stay within the 2% annual cap.CP-01

Issue

The owner can call updateMintRate and release to increase the total supply of the token. This allows the owner to dilute the holdings of all existing token holders at their discretion, provided they stay within the 2% annual cap.

Fix

Consider moving the minting authority to a decentralized governance mechanism or a timelocked contract to prevent unilateral supply changes.

Status

Unresolved

Medium

Centralized Control Over Transferability

The owner can use lockPool and unlockPool to enable or disable transfers for the token. This gives the owner the power to effectively freeze user assets or halt trading activity at any time.CP-05

Issue

The owner can use lockPool and unlockPool to enable or disable transfers for the token. This gives the owner the power to effectively freeze user assets or halt trading activity at any time.

Fix

Remove the ability to lock transfers or implement a community-driven voting process to trigger such emergency measures.

Status

Unresolved

Info

Who holds the supply

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: 16.2% in wallets, 80.1% in other contracts. The deployer/owner wallet itself holds 16.2%. 2,545 holders in total.QA-HOLDERS

Issue

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: 16.2% in wallets, 80.1% in other contracts. The deployer/owner wallet itself holds 16.2%. 2,545 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

2,545 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

2,545 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 $47K (DexScreener, all pools). 24h trading volume $101K (DexScreener, all pools).QA-MARKET

Issue

Liquidity $47K (DexScreener, all pools). 24h trading volume $101K (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: $47K 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: $47K 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 24
Executive SummaryWhat the contract is and what the review found

The DERC20 contract is a standard ERC-20 token with additional governance and vesting capabilities. The architecture relies on a centralized owner account that holds significant power over token supply and transferability. While the code follows standard OpenZeppelin patterns, the centralization of administrative functions poses a risk to token holders.

Technical8/10Low risk

The contract utilizes well-tested OpenZeppelin libraries for ERC-20 and governance features. 7.1 Architecture is modular, and 7.2 Code Security is high due to the use of standard, audited base contracts. 7.3 Access Control is strictly enforced via the Ownable pattern, though this creates a single point of failure. 7.6 External dependencies are minimal and well-vetted.

Governance2/10High risk

7.4 Economic and 7.5 Governance aspects are heavily centralized under the owner. The owner has the ability to mint tokens and halt transfers, which directly impacts 7.8 Operations. While inflation is capped at 2% annually, the lack of a timelock or multi-sig requirement for these actions increases trust requirements for users.

Upgrades4/10Medium risk

7.7 Upgrades are not supported as the contract is not a proxy. This eliminates risks associated with implementation swaps but prevents future logic updates. The current state is immutable regarding the contract structure.

Final RecommendationWhat to do about this score

It is recommended to transition the ownership of the contract to a multi-signature wallet or a decentralized governance contract to mitigate the risks associated with a single privileged owner.

Implementing a timelock on sensitive functions like updateMintRate and lockPool would provide transparency and allow users to react to administrative changes. Ensure that all administrative actions are documented and communicated to the community to maintain trust. Given the centralization of power, users should be aware that the owner has the technical capability to influence token liquidity and supply.

Contract & Record

1 audit on record
TypeToken
NetworkBase
Token age11h
Contract0xb9db…af4b
Deployer0x21c9…4697
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Audit History
  1. Oct 24, 202662Medium

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

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