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.
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
- 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
Security Checklist
as of audit · Oct 24Holders
as of audit · Oct 24, 2026- Contractstreasury, vesting, bridge, staking80.1%
- Walletsanonymous holders, free to sell16.2%
- Burnedout of circulation3.7%
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 24The risk score reads depth across every pair.
Whether the LP tokens are locked could not be determined.
Security Findings
MediumCentralized 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
MediumCentralized 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
InfoWho 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
InfoNot 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
InfoThe 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
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: $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
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 24The 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.
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.
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.
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
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 24, 202662Medium
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