The DERC20 contract is a standard ERC-20 token with additional governance and vesting capabilities. The protocol relies on a centralized owner to manage token supply inflation and pool liquidity status. While the code follows standard OpenZeppelin patterns, the high degree of administrative control over token economics and transferability presents a significant centralization risk.
Early-stage security check — honeypot & rug-pull analysis
Is American Trust Fund System a Scam?
Not verified
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 capabilities.
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
- 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
- Top-10 concentration > 30% (100.0% total → 48.3% effective; 16.3% in EOAs, 80.0% 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 21Holders
as of audit · Oct 21, 2026- Contractstreasury, vesting, bridge, staking80.0%
- Walletsanonymous holders, free to sell16.3%
- 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 21, 2026
Liquidity
as of audit · Oct 21The 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 directly 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 directly dilutes the value of existing holdings.
Fix
Consider implementing a timelock for minting operations or moving control to a decentralized governance contract to ensure community oversight.
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 enable token transfers, effectively freezing user assets or liquidity.CP-05
Issue
The owner can toggle the isPoolUnlocked switch using the lockPool and unlockPool functions. This allows the owner to unilaterally halt or enable token transfers, effectively freezing user assets or liquidity.
Fix
Restrict the ability to lock/unlock pools to a decentralized governance process or remove the functionality entirely to ensure the token remains censorship-resistant.
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: 16.3% in wallets, 80.0% in other contracts. The deployer/owner wallet itself holds 16.2%. 2,016 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: 16.3% in wallets, 80.0% in other contracts. The deployer/owner wallet itself holds 16.2%. 2,016 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
2,016 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
2,016 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 $52K (DexScreener, all pools). 24h trading volume $145K (DexScreener, all pools).QA-MARKET
Issue
Liquidity $52K (DexScreener, all pools). 24h trading volume $145K (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: $52K 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: $52K 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 21The architecture utilizes robust OpenZeppelin standards (7.1 Architecture, 7.2 Code Security). The implementation of ERC-20, ERC-20Votes, and EIP-712 is standard and well-tested (7.3 Access Control). However, the reliance on owner-only functions for critical state changes creates a single point of failure (7.8 Operations).
The economic model is controlled entirely by the owner, who can mint tokens up to a 2% annual cap (7.4 Economic). Governance is currently centralized, lacking a decentralized voting mechanism for administrative changes (7.5 Governance). This structure allows for potential supply dilution and liquidity restriction without community oversight (7.6 External).
The contract is not upgradeable (7.7 Upgrades). Logic is immutable, which provides security against malicious proxy updates. Future changes would require a migration to a new contract address.
It is recommended to transition ownership to a multi-signature wallet or a decentralized DAO to mitigate the risks associated with centralized control.
Additionally, implementing a timelock on administrative functions like updateMintRate and lockPool would provide transparency and protection for token holders against sudden economic changes.
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 21, 202662Medium
Score changes are recorded as dated snapshots — history is append-only and cannot be edited.
Frequently Asked Questions
What is the ATFS contract address?
The American Trust Fund System (ATFS) contract on Base is 0x32872755e7d3b63ef2e695d33d301946ba823a37. Compare it with the address the project itself publishes before trading: other contracts can carry the same name and ticker.
Is American Trust Fund System a scam?
Quantum Audit's risk score for American Trust Fund System is 62/100 (Medium risk) as of Oct 21, 2026, computed by a deterministic function from on-chain facts — Contract verified: Verified; Ownership: Retained; Mint: Mintable; Liquidity lock: Not locked; Upgradeability: Fixed code; Honeypot: None found; Buy / sell tax: 0% / 0%. A score is a dated snapshot of those facts, not a guarantee; each one is listed on this page.
Is ATFS liquidity locked?
Liquidity lock: Not locked (as of Oct 21, 2026). Total DEX liquidity: $51.5K.
Who holds ATFS?
As of Oct 21, 2026, the 10 largest holders own 100.0% of the supply across 2,016 holders. The Holders section on this page shows who they are by holder type.
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