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Is American Trust Fund System a Scam?

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Last checked Oct 20, 2026 · 1 audit on recordNew Launch · 13h old
SummaryAI Copilot

The DERC20 contract is a standard ERC-20 token with additional governance and vesting features.

Read the full analysis
What raised the score
  • 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

Early-stage analysis. This token has limited on-chain history (13h old). New tokens carry elevated risk — data may change rapidly. Always verify independently before investing.

Security Checklist

as of audit · Oct 204 of 7 checks passed
Contract verifiedVerified
OwnershipRetained
MintMintable
Liquidity lockNot locked
UpgradeabilityFixed code
HoneypotNone found
Buy / sell tax0% / 0%

Holders

as of audit · Oct 20, 20261,611 holders
81.8%Contracts14.5%Wallets3.7%
81.8%Contracts14.5%Wallets3.7%
ContractsWalletsBurnedBubble area = share of supply
100.0%of supply sits with the top 10 holders
  • Contractstreasury, vesting, bridge, staking81.8%
  • Walletsanonymous holders, free to sell14.5%
  • Burnedout of circulation3.7%
Effective concentrationwhat the score reads47.2%
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 20$30.0K

The risk score reads depth across every pair.

LP tokensNot locked

The LP tokens of the analysed pool are not locked or burned, so whoever holds them can withdraw that liquidity.

Analysed pool$30.0KShare of depth100.0%

Security Findings

2 Medium5 Info
Medium

Centralized 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

Medium

Centralized 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

Info

Who 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

Info

Not 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

Info

The 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

Info

Asset 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

Info

Recently 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 20
Executive SummaryWhat the contract is and what the review found

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.

Technical6/10Medium risk

The 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.

Governance1/10High risk

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.

Upgrades3/10High risk

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.

Final RecommendationWhat to do about this score

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

1 audit on record
TypeToken
NetworkBase
Token age13h
Contract0xfc16…ff0f
Deployer0xdd17…8697
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Audit History
  1. Oct 20, 202666High

Score changes are recorded as dated snapshots — history is append-only and cannot be edited.

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