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 21, 2026
The risk score reads depth across every pair.
Whether the LP tokens are locked could not be determined.
The owner has the authority to mint new tokens via the updateMintRate and release functions. This allows the owner to increase the total supply, which results in the dilution of existing token holders' value.
Implement a timelock for minting operations or transition ownership to a decentralized governance model to prevent unilateral supply changes.
Unresolved
The owner can use the lockPool and unlockPool functions to toggle the transferability of tokens. This gives the owner the ability to effectively freeze user funds or prevent trading at their discretion.
Remove the ability to halt transfers or restrict this functionality to a decentralized emergency pause mechanism that requires community consensus.
Unresolved
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: 16.0% in wallets, 80.2% in other contracts. The deployer/owner wallet itself holds 16.0%. 2,099 holders in total.
Watch the largest wallets that are not exchanges, pools or locks — those are the ones that can move the price.
Acknowledged
2,099 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 $51K (DexScreener, all pools). 24h trading volume $81K (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: $51K 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 heavily on a centralized owner account, which possesses significant control over token supply and transferability. While the code follows standard OpenZeppelin patterns, the centralization of power presents a notable risk to token holders.
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 implementations. 7.3 Access Control is strictly enforced via Ownable, though the scope of administrative power is broad. 7.8 Operations are standard, with no complex logic outside of the minting and vesting mechanisms.
7.4 Economic and 7.5 Governance risks are elevated due to the owner's ability to mint tokens and halt transfers. The owner can trigger inflation via updateMintRate, which directly impacts holder value. 7.6 External dependencies are limited to standard EVM primitives, ensuring predictable behavior.
7.7 Upgrades are not supported as the contract is not a proxy. The logic is immutable, which provides security against unauthorized logic changes but prevents patching if a vulnerability is discovered. The owner's power is limited to state configuration rather than code updates.
To improve security, consider transitioning the ownership to a decentralized multi-signature wallet or a DAO 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 significant changes in token supply. Ensure that the private keys associated with the owner address are managed with high-security standards, such as hardware security modules or institutional-grade custody, to prevent unauthorized access to the privileged functions.
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Score changes are recorded as dated snapshots — history is append-only and cannot be edited.
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