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 24, 2026
The risk score reads depth across every pair.
Whether the LP tokens are locked could not be determined.
The owner has the ability to mint new tokens via the updateMintRate and release functions. This allows the owner to increase the total supply, which can dilute the value of existing holdings.
Implement a timelock on all minting-related functions to ensure that any increase in supply is transparent and predictable for token holders.
Unresolved
The owner can toggle the isPoolUnlocked switch via the lockPool and unlockPool functions. This allows the owner to unilaterally halt or enable token transfers, effectively freezing user assets.
Remove the ability for the owner to arbitrarily lock transfers, or restrict this functionality to a decentralized governance vote.
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: 16.2% in wallets, 80.0% in other contracts. The deployer/owner wallet itself holds 16.2%. 2,064 holders in total.
Watch the largest wallets that are not exchanges, pools or locks — those are the ones that can move the price.
Acknowledged
2,064 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 $202K (DexScreener, all pools). 24h trading volume $570K (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: $202K 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 protocol relies on a centralized owner to manage inflation rates and pool access. While the code follows standard OpenZeppelin patterns, the high degree of administrative control over token supply and transferability introduces significant trust requirements for token holders.
The architecture leverages well-audited OpenZeppelin libraries for ERC-20 and governance functionality. 7.1 Architecture and 7.2 Code Security are robust, utilizing standard patterns for token minting and vesting. 7.3 Access Control is correctly implemented using Ownable, though it grants extensive power to the owner. 7.6 External dependencies are minimal and standard for the ecosystem.
7.4 Economic and 7.5 Governance aspects are highly centralized. The owner has the ability to mint tokens and halt transfers, which directly impacts token value and liquidity. While inflation is capped at 2% per year, the lack of a timelock or multi-sig requirement for these actions poses a risk to holders.
7.7 Upgrades are not applicable as the contract is not a proxy. 7.8 Operations are handled via the owner address, which is currently a multi-sig. The lack of upgradeability ensures immutability of the core logic.
To improve security, the project should transition administrative functions to a decentralized governance model or a time-locked multi-sig wallet.
This would prevent sudden changes to token supply or transfer rules without community oversight. Additionally, consider implementing a 'grace period' or 'notice period' for any changes to the minting rate or pool locking status to provide transparency to the community and allow users to react to protocol changes.
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Score changes are recorded as dated snapshots — history is append-only and cannot be edited.
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