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

ConwayResearch CONWAY
0x86cd…ab07
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? → High Risk
Executive SummaryAI Copilot

The ClankerToken is an ERC-20 token with additional features for cross-chain operations and governance. The audit identified significant centralized control points, specifically concerning token minting and burning, which are controlled by a `SuperchainTokenBridge` address. An `_admin` role also manages metadata. These centralized controls introduce high technical and economic risks if the controlling addresses are compromised.

1 Medium6 Informational
Volume 24h
$1.06M
Liquidity
$157.0K
Price
$0.000003198
Token Age
8mo
Top 10 Holders
58.7%

Security Findings

1 Med6 Info
Medium

Liquidity not locked

QA-LIQUIDITY0.0% of the pool's LP is burned or time-locked. 100.0% is held, unlocked, by 1 address(es) other than the owner/deployer. One of them — a contract, 0x63d2…3496 — holds 100.0% 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.
Issue0.0% of the pool's LP is burned or time-locked. 100.0% is held, unlocked, by 1 address(es) other than the owner/deployer. One of them — a contract, 0x63d2…3496 — holds 100.0% 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.
FixCheck the lock's end date and beneficiary on the locker's own page before relying on it.
StatusAcknowledged
Info

The `SuperchainTokenBridge` can create new tokens.

CP-01The `crosschainMint` function allows the `SuperchainTokenBridge` to create an unlimited number of new ClankerTokens and assign them to any address. This means the `SuperchainTokenBridge` can increase the total supply of tokens at will, which could dilute the value of tokens held by existing holders. Ownership is renounced, so no one can call these functions now.
IssueThe `crosschainMint` function allows the `SuperchainTokenBridge` to create an unlimited number of new ClankerTokens and assign them to any address. This means the `SuperchainTokenBridge` can increase the total supply of tokens at will, which could dilute the value of tokens held by existing holders. Ownership is renounced, so no one can call these functions now.
FixToken holders should be aware that the `SuperchainTokenBridge` has the power to mint new tokens. It is critical that the `SuperchainTokenBridge` address is secured with the highest level of protection, such as a robust multi-signature wallet or a decentralized autonomous organization (DAO) governance, to prevent unauthorized minting.
StatusUnresolved
Info

The `SuperchainTokenBridge` can burn tokens from any holder's balance.

CP-02The `crosschainBurn` function allows the `SuperchainTokenBridge` to remove any amount of ClankerTokens from any token holder's balance without their permission. This means the `SuperchainTokenBridge` can arbitrarily reduce the token holdings of any user, posing a significant risk to individual token ownership. Ownership is renounced, so no one can call these functions now.
IssueThe `crosschainBurn` function allows the `SuperchainTokenBridge` to remove any amount of ClankerTokens from any token holder's balance without their permission. This means the `SuperchainTokenBridge` can arbitrarily reduce the token holdings of any user, posing a significant risk to individual token ownership. Ownership is renounced, so no one can call these functions now.
FixToken holders should understand that the `SuperchainTokenBridge` has the ability to burn tokens from any account. Ensuring the `SuperchainTokenBridge` is controlled by a highly secure and transparent mechanism, like a multi-signature wallet with multiple trusted signers or a DAO, is paramount to protect token holders' assets from unauthorized burning.
StatusUnresolved
Info

Who holds the supply

QA-HOLDERSThe ten largest holders own 58.7% of supply. What remains: 10.4% in wallets, 48.3% in other contracts. 4,401 holders in total.
IssueThe ten largest holders own 58.7% of supply. What remains: 10.4% in wallets, 48.3% in other contracts. 4,401 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

Not listed by any independent source

QA-IDENTITY4,401 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.
Issue4,401 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.
FixMatch the contract address against the project's official channels before trading.
StatusAcknowledged
Info

The market for this token

QA-MARKETLiquidity $159K (DexScreener, all pools). 24h trading volume $1.1M (DexScreener, all pools).
IssueLiquidity $159K (DexScreener, all pools). 24h trading volume $1.1M (DexScreener, all pools).
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: nobody (ownership renounced). Code: not upgradeable (no proxy). Fees: no buy or sell tax. Market: $159K of DEX liquidity across 18 pools. Launch: 242 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: nobody (ownership renounced). Code: not upgradeable (no proxy). Fees: no buy or sell tax. Market: $159K of DEX liquidity across 18 pools. Launch: 242 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

TechnicalMedium6/10

The ClankerToken implements standard ERC-20 functionality robustly, inheriting from OpenZeppelin contracts and including ERC-20Permit and ERC20Votes for enhanced usability and governance. However, the `crosschainMint` function allows the `SuperchainTokenBridge` to create new tokens, and the `crosschainBurn` function enables the same entity to burn tokens from any address (7.2 Code Security, 7.3 Access Control). An `_admin` role can also update administrative metadata and the admin address itself (7.3 Access Control). These centralized controls represent significant technical risks.

GovernanceHigh2/10

The token incorporates `ERC20Votes`, enabling decentralized governance participation through voting power delegation. However, the `SuperchainTokenBridge` has the ability to mint an arbitrary amount of new tokens via `crosschainMint`, which can dilute existing token holders and impact the token's economic stability (7.4 Economic). Furthermore, the `crosschainBurn` function allows the `SuperchainTokenBridge` to reduce any holder's balance without their consent, posing a severe economic risk (7.4 Economic). The `_admin` role can change the admin and metadata, which, while not directly economic, is a central point of control (7.5 Governance).

UpgradesMedium5/10

The contract is not designed with an upgrade mechanism, which eliminates risks associated with upgradeability patterns such as proxy implementation bugs or insecure upgrade paths. The lack of upgradeability means that any discovered critical vulnerabilities or desired feature enhancements would require a complete redeployment and migration, which can be complex and costly (7.7 Upgrades).

Security Checklist

3/5 checks passed
Contract VerifiedPass
Ownership RenouncedPass
No Mint FunctionFail
Liquidity LockedFail
Not a ProxyPass
HoneypotNoneBuy Tax0.0%Sell Tax0.0%

Holder Composition

58.7% in top 10
10.4% in wallets48.3% in contracts
Effective Concentration29.7%

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

$159.2K across 18 pairs
Uniswap v4WETHanalysed$157.0K98.6%Uniswap v4USDC$7270.5%Uniswap v4USDC$6750.4%Uniswap v4USDC$6530.4%Uniswap v3🌙8$980.1%Uniswap v3WETH$340.0%
Show 4 more pairsShow less
Uniswap v4USDC$200.0%Uniswap v4ETH$180.0%Uniswap v4USDC$140.0%Uniswap v4ETH$110.0%

The 8 remaining pairs hold $20 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 Holder100.0%
Top-3 Unlocked100.0%

Key Addresses

7 addresses
Deployer
0x2112…f3f9
Unlocked LP Held By
0x63d2…34960xc71c…b4770xa8f5…82300xe109…840f0xd7ca…972c0xc9db…d45b

What Raised This Score

4 factors
  • Mintable supply — no cap found, dilution unbounded
  • Liquidity NOT locked (100% of the pool; this pool is 99% of DEX liquidity) — who holds it cannot be verified
  • Top-10 concentration > 20% (58.7% total → 29.7% effective; 10.4% in EOAs, 48.3% in contracts)
  • The deployer has launched a honeypot before

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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