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Is Cardano Token Safe?

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Cardano Token ADA
0x3ee2…5d47
BNB Chain
Not verifiedThis 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 →
Last checked today 1 audit on record
DexScreener ↗
How is this score calculated? → Low Risk
Executive SummaryAI Copilot

The BEP20Cardano contract functions as a standard BEP20 token. The primary security concern identified is the owner's ability to mint new tokens, which introduces a risk of token supply dilution for existing holders. The contract is not upgradeable, ensuring immutability of its logic.

5 Informational
Volume 24h
$575.8K
Liquidity
$555.0K
Price
$0.2712
Token Age
5y
Top 10 Holders
59.1%

Security Findings

5 Info
Info

A privileged address can mint new tokens

CP-01A privileged function increases the total supply, diluting every holder. Functions: mint(uint256). Restricted to: owner.
IssueA privileged function increases the total supply, diluting every holder. Functions: mint(uint256). Restricted to: owner.
FixCheck who holds these functions and whether a timelock or multisig stands between them and holders.
StatusUnresolved
Info

Who holds the supply

QA-HOLDERSThe ten largest holders own 59.1% of supply. Of that, 3.1% locked — not holders that can sell, so excluded from the concentration score. What remains: 55.1% in wallets, 1.0% in other contracts. 616,987 holders in total. For a verified reference asset the largest holders are custodians, exchanges and bridges; concentration is reported, not scored.
IssueThe ten largest holders own 59.1% of supply. Of that, 3.1% locked — not holders that can sell, so excluded from the concentration score. What remains: 55.1% in wallets, 1.0% in other contracts. 616,987 holders in total. For a verified reference asset the largest holders are custodians, exchanges and bridges; concentration is reported, not scored.
FixWatch the largest wallets that are not exchanges, pools or locks — those are the ones that can move the price.
StatusAcknowledged
Info

Identity verified by independent sources

QA-IDENTITYListed on CoinGecko as Binance-Peg Cardano (ADA), market cap $121M. On GoPlus's list of trusted tokens. Traded on Binance. 616,987 holders. Verified by: CoinGecko, GoPlus, exchange listings.
IssueListed on CoinGecko as Binance-Peg Cardano (ADA), market cap $121M. On GoPlus's list of trusted tokens. Traded on Binance. 616,987 holders. Verified by: CoinGecko, GoPlus, exchange listings.
FixMatch the contract address against the project's official channels before trading.
StatusAcknowledged
Info

The market for this token

QA-MARKETLiquidity $1.2M (DexScreener, all pools). 24h trading volume $853K (CoinGecko, all markets, daily snapshot). 24h trading volume $953K (DexScreener, all pools). CoinGecko's record for this coin: all-time high $3.10 on 2021-09-01; the price is now 91.3414% below it.
IssueLiquidity $1.2M (DexScreener, all pools). 24h trading volume $853K (CoinGecko, all markets, daily snapshot). 24h trading volume $953K (DexScreener, all pools). CoinGecko's record for this coin: all-time high $3.10 on 2021-09-01; the price is now 91.3414% below it.
FixSize any position to the liquidity and daily volume shown — they set how much you can sell and at what price.
StatusAcknowledged
Info

Asset class: Wrapped or bridged asset

QA-PROFILEA token representing another asset's units 1:1, backed by a wrapping contract, a custodian or a bridge. Scored as an established reference asset: its identity is verified, so the issuer's or protocol's controls (listed as findings) are real and are priced once as counterparty risk, and LP locks and holder concentration are not scored — its pools belong to market makers and its largest holders are exchanges, bridges and custody. Basis: CoinGecko category: Binance-Peg Tokens. Tokenomics — Supply: mintable with no on-chain cap found. Control: a single wallet (EOA). Code: not upgradeable (no proxy). Fees: no buy or sell tax. Market: $1.2M of DEX liquidity across 30 pools. Launch: 1990 days of market history.
IssueA token representing another asset's units 1:1, backed by a wrapping contract, a custodian or a bridge. Scored as an established reference asset: its identity is verified, so the issuer's or protocol's controls (listed as findings) are real and are priced once as counterparty risk, and LP locks and holder concentration are not scored — its pools belong to market makers and its largest holders are exchanges, bridges and custody. Basis: CoinGecko category: Binance-Peg Tokens. Tokenomics — Supply: mintable with no on-chain cap found. Control: a single wallet (EOA). Code: not upgradeable (no proxy). Fees: no buy or sell tax. Market: $1.2M of DEX liquidity across 30 pools. Launch: 1990 days of market history.
FixThe backing is the risk: check who holds the underlying asset and how redemption works.
StatusAcknowledged

Category Ratings

TechnicalLow10/10

The BEP20Cardano contract correctly implements the BEP20 standard, providing essential token functionalities such as `transfer` and `balanceOf`. The core token transfer logic, including `transfer` and `transferFrom`, appears sound and adheres to expected behavior (7.2 Code Security). However, the `mint(uint256)` function, restricted to the contract owner, allows for arbitrary creation of new tokens. This centralized control over supply is a significant technical capability that, if misused, could impact the token's ecosystem (7.3 Access Control).

GovernanceLow9/10

The contract's economic model is heavily influenced by the owner's privileged access. The `mint(uint256)` function grants the owner the power to increase the total token supply at any time, which directly impacts the token's economics by potentially diluting the value for all holders (7.4 Economic). While the `transferOwnership` and `renounceOwnership` functions provide standard governance mechanisms for ownership management, the current centralized minting capability represents a significant economic risk (7.5 Governance). The project's economic stability is therefore highly dependent on the integrity and operational security of the owner.

UpgradesLow10/10

The BEP20Cardano contract is not deployed as an upgradeable proxy (7.7 Upgrades). This design choice means the contract's logic is immutable once deployed, eliminating risks associated with upgrade mechanisms such as proxy admin vulnerabilities or improper upgrade implementations. Consequently, there are no upgrade-related risks to consider. However, any future changes or bug fixes would require deploying a new contract and migrating existing token holders.

Security Checklist

2/5 checks passed
Contract VerifiedPass
Ownership RenouncedFail
No Mint FunctionFail
Liquidity LockedFail
Not a ProxyPass
HoneypotNoneBuy Tax0.0%Sell Tax0.0%

Holder Composition

59.1% in top 10
55.1% in wallets1.0% in contracts
Effective Concentration55.5%

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.

Liquidity Depth

$1.16M across 30 pairs
Pancakeswap v3WBNBanalysed$555.0K47.7%BiswapWBNB$168.7K14.5%Pancakeswap v3USDT$147.7K12.7%UniswapWBNB$82.0K7.1%UniswapUSDT$70.6K6.1%Pancakeswap v3BTCB$66.1K5.7%
Show 4 more pairsShow less
0xC2D8…40c0WBNB$15.2K1.3%BabyswapUSDT$13.8K1.2%0x43eB…2D19WBNB$8.1K0.7%Pancakeswap v2ETH$7.8K0.7%

The 20 remaining pairs hold $27.5K between them and are not listed.

The risk score reads depth across every pair. The volume figure and the volume-to-liquidity ratio elsewhere on this page describe only the pair this audit analysed, so the two are not directly comparable.

LP Distribution

Top-1 Unlocked Holder41.9%
Top-3 Unlocked76.2%

Key Addresses

11 addresses
Deployer
0x88ef…0566
Unlocked LP Held By
0x73fe…e24e0xa5f8…76520xc775…7bd80x7043…719f0xae1c…57110xb8e0…42900x1562…7dcf0x1a3d…bda90xb6d6…9d140x757d…cfb9

No privileged address appears among these holders: the unlocked liquidity sits with independent providers, not with the deployer.

What Raised This Score

1 factors
  • Issuer controls retained (admin key, mint) — counterparty risk on a known issuer, not a rug vector

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

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