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Is Chiliz Safe?

On-chain security analysis — is it a scam or legit?

Chiliz CHZ
0x70c8…d0a2
Base
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.
Last checked today 1 audit on record
DexScreener ↗
How is this score calculated? → Medium Risk
Executive SummaryAI Copilot

The Chiliz token contract is an upgradeable ERC-20 token built upon OpenZeppelin's battle-tested libraries, incorporating standard features such as pausing, minting, and burning. It utilizes a UUPS proxy pattern for upgradeability and Access Control for managing privileged roles. This analysis did not identify any specific vulnerabilities.

1 High1 Medium5 Informational
Volume 24h
$41.0K
Liquidity
$255.9K
Price
$0.01676
Token Age
1y
Top 10 Holders
94.9%

Security Findings

1 High1 Med5 Info
High

What the token's controller can do

QA-POWERSThe contract lets its controller — an owner that could not be resolved — mint new supply; pause all transfers. Nothing independent vouches for whoever holds them, so each is a live risk to holders.
IssueThe contract lets its controller — an owner that could not be resolved — mint new supply; pause all transfers. Nothing independent vouches for whoever holds them, so each is a live risk to holders.
FixCheck who holds these powers and whether a timelock or multisig stands between them and holders.
StatusAcknowledged
Medium

Liquidity not locked

QA-LIQUIDITY0.0% of the pool's LP is burned or time-locked. 100.0% is held, unlocked, by 2 address(es) other than the owner/deployer. One of them — a wallet, 0x3662…ba86 — holds 63.0% and can remove that share at once; who controls it is not visible on-chain, so it is not treated as an independent provider. Some pools are concentrated-liquidity (V3/V4) positions; shares above are by position as GoPlus reports them. This assessment covers the main pool, which holds 76% of the token's DEX liquidity; the other pools were not assessed.
Issue0.0% of the pool's LP is burned or time-locked. 100.0% is held, unlocked, by 2 address(es) other than the owner/deployer. One of them — a wallet, 0x3662…ba86 — holds 63.0% and can remove that share at once; who controls it is not visible on-chain, so it is not treated as an independent provider. Some pools are concentrated-liquidity (V3/V4) positions; shares above are by position as GoPlus reports them. This assessment covers the main pool, which holds 76% of the token's DEX liquidity; the other pools were not assessed.
FixCheck the lock's end date and beneficiary on the locker's own page before relying on it.
StatusAcknowledged
Info

No issues identified in the reviewed source

I-01The verified source code was reviewed and no issue rising to Informational severity or above was identified. This is a statement about the code that was read, not a guarantee: the review covers the published source only. Fact-layer checks (mint capability, holder concentration) were applied separately and feed the risk score.
IssueThe verified source code was reviewed and no issue rising to Informational severity or above was identified. This is a statement about the code that was read, not a guarantee: the review covers the published source only. Fact-layer checks (mint capability, holder concentration) were applied separately and feed the risk score.
FixRe-check after any contract upgrade or ownership change, both of which can alter behaviour without changing this page.
StatusAcknowledged
Info

Who holds the supply

QA-HOLDERSThe ten largest holders own 94.9% of supply. What remains: 0.8% in wallets, 94.0% in other contracts. 849 holders in total.
IssueThe ten largest holders own 94.9% of supply. What remains: 0.8% in wallets, 94.0% in other contracts. 849 holders in total.
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 Chiliz (CHZ), market cap $175M, rank #202. 849 holders. Verified by: CoinGecko.
IssueListed on CoinGecko as Chiliz (CHZ), market cap $175M, rank #202. 849 holders. Verified by: CoinGecko.
FixMatch the contract address against the project's official channels before trading.
StatusAcknowledged
Info

The market for this token

QA-MARKETLiquidity $336K (DexScreener, all pools). 24h trading volume $16.7M (CoinGecko, all markets, daily snapshot). 24h trading volume $41K (DexScreener, all pools). CoinGecko's record for this coin: all-time high $0.879 on 2021-03-13; the price is now 98.1094% below it.
IssueLiquidity $336K (DexScreener, all pools). 24h trading volume $16.7M (CoinGecko, all markets, daily snapshot). 24h trading volume $41K (DexScreener, all pools). CoinGecko's record for this coin: all-time high $0.879 on 2021-03-13; the price is now 98.1094% 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: Project token

QA-PROFILEA 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: an owner that could not be resolved. Code: upgradeable proxy. Fees: no buy or sell tax. Market: $336K of DEX liquidity across 2 pools. Launch: 365 days of market history.
IssueA 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: an owner that could not be resolved. Code: upgradeable proxy. Fees: no buy or sell tax. Market: $336K of DEX liquidity across 2 pools. Launch: 365 days of market history.
FixCheck the project's own documentation for what the token is used for; this report covers what the contract allows.
StatusAcknowledged

Category Ratings

TechnicalLow7/10

The contract leverages robust OpenZeppelin libraries for its core ERC-20 functionality, including `ERC20Upgradeable`, `ERC20PausableUpgradeable`, and `ERC20BurnableUpgradeable`. Reentrancy protection is applied to the `withdraw` function (7.2 Code Security). Transfers are protected by a `whenNotPaused` modifier, ensuring token movements can be halted if necessary. Access control is implemented using `AccessControlUpgradeable` (7.3 Access Control), restricting sensitive operations like `mint`, `pause`, `unpause`, and `withdraw` to specific roles.

GovernanceHigh1/10

The contract incorporates several centralized control mechanisms managed by specific roles (7.5 Governance). A `MINTER_ROLE` can increase the total supply via `mint(address,uint256)`, and a `PAUSER_ROLE` can halt all token transfers using `pause()` and `unpause()`. An `ADMIN_ROLE` has the ability to withdraw any ERC-20 token held by the contract via `withdraw(address,address)`, which is a powerful capability (7.4 Economic). These roles introduce a degree of centralization, requiring trust in the role holders.

UpgradesHigh1/10

The contract is implemented as an upgradeable UUPS proxy (7.7 Upgrades), allowing its logic to be modified in the future. The `upgradeToAndCall` function is restricted by Access Control, ensuring only authorized entities can initiate upgrades. This design provides flexibility for future enhancements or bug fixes but also centralizes control over the contract's long-term behavior.

Security Checklist

1/5 checks passed
Contract VerifiedPass
Ownership Renounced?
No Mint FunctionFail
Liquidity LockedFail
Not a ProxyFail
HoneypotNoneBuy Tax0.0%Sell Tax0.0%

Proxy Upgrade Controls

Proxy TypeEip1967 Uups
ImplementationVerified source
Upgrades (30d)0 · stable

Holder Composition

94.9% in top 10
0.8% in wallets94.0% in contracts
Effective Concentration38.5%

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

$336.3K across 2 pairs
AerodromeUSDCanalysed$255.9K76.1%AerodromePEPPER$80.4K23.9%

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 Holder63.0%
Top-3 Unlocked100.0%

Key Addresses

3 addresses
Deployer
0x73c0…7bed
Unlocked LP Held By
0x3662…ba860xeddf…07bd

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

What Raised This Score

6 factors
  • Owner can pause all transfers
  • Mintable supply — no cap found, dilution unbounded
  • Upgradeable proxy — the admin can replace the logic
  • Ownership status UNKNOWN (owner could not be resolved)
  • Liquidity NOT locked (100% of the pool; this pool is 76% of DEX liquidity) — held by independent providers — market-depth risk
  • Top-10 concentration > 30% (94.9% total → 38.5% effective; 0.8% in EOAs, 94.0% in contracts)

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

Related Audits

6 more on the record
HandlPay (HANDL)Medium RiskHorizen (ZEN)Medium RiskSquid (QUID)Medium RiskDerive (DRV)Medium RiskVenice Deity (VVVEITY)Medium Risktokenbot (CLANKER)Medium Risk

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