The DERC20 contract is a standard ERC-20 token with additional governance and vesting features. The architecture relies heavily on a centralized owner role, 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.
Early-stage security check — honeypot & rug-pull analysis
Is American Trust Fund System a Scam?
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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 features.
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
- Liquidity not locked
- 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
- Liquidity NOT locked (100% of the pool) — who holds it cannot be verified
- Liquidity < $50k ($30,017 across 1 pairs — thin market)
- Top-10 concentration > 30% (100.0% total → 47.2% effective; 14.5% in EOAs, 81.8% 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 20Holders
as of audit · Oct 20, 2026- Contractstreasury, vesting, bridge, staking81.8%
- Walletsanonymous holders, free to sell14.5%
- 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 20, 2026
Liquidity
as of audit · Oct 20The 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.
Security Findings
MediumCentralized Control Over Token Supply
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 dilutes the value of existing holdings.CP-01
Issue
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 dilutes the value of existing holdings.
Fix
Implement a timelock for minting operations or transition ownership to a decentralized governance body to prevent arbitrary supply increases.
Status
Unresolved
MediumCentralized Control Over Transferability
The owner can toggle the isPoolUnlocked switch using the lockPool and unlockPool functions. This allows the owner to unilaterally halt or resume token transfers, effectively freezing user assets.CP-05
Issue
The owner can toggle the isPoolUnlocked switch using the lockPool and unlockPool functions. This allows the owner to unilaterally halt or resume token transfers, effectively freezing user assets.
Fix
Restrict the use of transfer-halting functions to emergency scenarios only and implement a transparent, community-governed process for triggering such actions.
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: 14.5% in wallets, 81.8% in other contracts. The deployer/owner wallet itself holds 16.2%. 1,611 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: 14.5% in wallets, 81.8% in other contracts. The deployer/owner wallet itself holds 16.2%. 1,611 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
1,611 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
1,611 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 $30K (DexScreener, all pools). 24h trading volume $175K (DexScreener, all pools).QA-MARKET
Issue
Liquidity $30K (DexScreener, all pools). 24h trading volume $175K (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: $30K 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: $30K 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 20The contract utilizes well-audited OpenZeppelin libraries for core ERC-20 and governance 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 the Ownable pattern, though it creates a single point of failure. 7.6 External dependencies are limited to standard interfaces, ensuring predictable behavior.
7.4 Economic and 7.5 Governance aspects are heavily centralized under the owner. The owner can manipulate supply via inflation and halt transfers, which directly impacts token liquidity and value. While 7.8 Operations are transparent, the lack of a timelock or multi-sig requirement for these sensitive actions is a concern for decentralized governance.
7.7 Upgrades are not applicable as the contract is not a proxy. The logic is immutable, providing certainty to users regarding the contract's behavior. No upgrade-related risks are present.
It is recommended to transition the ownership of the contract to a decentralized governance structure, such as a DAO or a multi-signature wallet, to mitigate the risks associated with centralized control.
Implementing a timelock on sensitive functions like updateMintRate and lockPool would provide users with sufficient notice before significant changes to the token's economic parameters occur. Additionally, consider documenting the specific conditions under which the pool lock mechanism is intended to be used to ensure transparency for the community. Regular audits of the governance process are advised to ensure that the centralization of power does not lead to unintended consequences for token holders.
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 20, 202666High
Score changes are recorded as dated snapshots — history is append-only and cannot be edited.
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