Early-stage security check — honeypot & rug-pull analysis
The DERC20 contract is a standard ERC-20 token with additional governance and vesting capabilities.
Read the full analysisEach 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
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 20, 2026
The 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.
The owner can call updateMintRate and release to increase the total supply of tokens. This allows the owner to dilute the holdings of all other token holders at their discretion.
Implement a timelock for all supply-altering functions or transition ownership to a decentralized governance contract.
Unresolved
The owner can use lockPool and unlockPool to enable or disable token transfers. This gives the owner the power to freeze user funds or prevent trading on decentralized exchanges.
Remove the ability to arbitrarily lock transfers or restrict this functionality to a decentralized voting process.
Unresolved
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: 16.3% in wallets, 80.0% in other contracts. 1,788 holders in total.
Watch the largest wallets that are not exchanges, pools or locks — those are the ones that can move the price.
Acknowledged
1,788 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.
Match the contract address against the project's official channels before trading.
Acknowledged
Liquidity $39K (DexScreener, all pools). 24h trading volume $188K (DexScreener, all pools).
Size any position to the liquidity and daily volume shown — they set how much you can sell and at what price.
Acknowledged
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: $39K of DEX liquidity across 1 pools. Launch: under a day of market history.
Check the project's own documentation for what the token is used for; this report covers what the contract allows.
Acknowledged
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.
Re-check ownership, liquidity and holder distribution as the token matures; those are the facts that move early.
Acknowledged
The DERC20 contract is a standard ERC-20 token with additional governance and vesting capabilities. The architecture 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 poses a significant centralization risk to token holders.
The 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 implementation patterns. 7.3 Access Control is strictly enforced via Ownable, though it centralizes power. 7.8 Operations are straightforward, with no complex logic that could lead to unexpected state corruption.
7.4 Economic and 7.5 Governance aspects are heavily centralized. The owner has unilateral power to mint tokens and halt transfers, which directly impacts 7.6 External interactions with liquidity pools. While inflation is capped at 2% per year, the lack of a timelock or multi-sig requirement for these actions is a notable governance weakness.
The contract is not upgradeable (7.7 Upgrades), which provides immutability for the logic. This eliminates risks associated with proxy storage collisions or malicious implementation swaps. The current state is fixed, ensuring that the rules defined in the source code cannot be altered by the owner beyond the provided administrative functions.
It is recommended to transition the ownership of the contract to a decentralized governance model, such as a DAO or a multi-signature wallet, to mitigate the risks associated with a single point of failure.
Implementing a timelock on sensitive functions like updateMintRate and lockPool would provide transparency and allow the community to react to administrative changes. Furthermore, consider documenting the specific conditions under which the pool is intended to be locked to ensure transparency for liquidity providers. Regular audits of the administrative address's security posture are advised, as the owner holds total control over the token's economic parameters.
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Score changes are recorded as dated snapshots — history is append-only and cannot be edited.
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