Early-stage security check — honeypot & rug-pull analysis
The DERC20 contract is a standard ERC-20 token with added governance, voting, and vesting capabilities.
Read the full analysisEach 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
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 24, 2026
The risk score reads depth across every pair.
Whether the LP tokens are locked could not be determined.
The owner has the authority to call updateMintRate and release, which can increase the total supply of the token. This allows the owner to dilute the holdings of all existing token holders at their discretion.
Consider implementing a timelock for minting operations or moving control to a decentralized governance mechanism to ensure transparency and community oversight.
Unresolved
The owner can use the lockPool and unlockPool functions to enable or disable token transfers. This gives the owner the power to effectively freeze the liquidity of the token for all users.
Restrict the use of transfer-halting functions to emergency scenarios only, and document the specific conditions under which these functions would be invoked.
Unresolved
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: 16.2% in wallets, 80.1% in other contracts. The deployer/owner wallet itself holds 16.2%. 2,513 holders in total.
Watch the largest wallets that are not exchanges, pools or locks — those are the ones that can move the price.
Acknowledged
2,513 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.
Match the contract address against the project's official channels before trading.
Acknowledged
Liquidity $47K (DexScreener, all pools). 24h trading volume $185K (DexScreener, all pools).
Size any position to the liquidity and daily volume shown — they set how much you can sell and at what price.
Acknowledged
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: $47K of DEX liquidity across 1 pools. Launch: under a day of market history.
Check the project's own documentation for what the token is used for; this report covers what the contract allows.
Acknowledged
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.
Re-check ownership, liquidity and holder distribution as the token matures; those are the facts that move early.
Acknowledged
The DERC20 contract is a standard ERC-20 token with added governance, voting, and vesting capabilities. The protocol relies on a centralized owner to manage inflation, vesting releases, and transfer restrictions. While the code follows standard OpenZeppelin patterns, the high degree of administrative control over token supply and transferability introduces significant trust requirements for token holders.
The architecture utilizes robust, battle-tested OpenZeppelin libraries for ERC-20, voting, and permit functionality. 7.1 Architecture and 7.2 Code Security are well-implemented, adhering to standard patterns. 7.3 Access Control is strictly enforced via Ownable, though the scope of administrative power is broad. 7.6 External dependencies are limited to standard interfaces, reducing integration risks.
7.4 Economic and 7.5 Governance aspects are heavily centralized under the contract owner. The owner has the ability to mint tokens and halt transfers, which directly impacts the economic value and liquidity of the asset. While inflation is capped at 2% annually, the lack of a timelock or multi-signature requirement for these actions increases the risk of misuse.
7.7 Upgrades are not applicable as the contract is not a proxy. 7.8 Operations are straightforward, relying on standard ownership management. The contract is immutable in its logic, providing certainty that the current rules cannot be changed via proxy upgrades.
To improve security, it is recommended to transition ownership to a multi-signature wallet or a decentralized governance contract to mitigate the risk of a single point of failure.
Implementing a timelock on sensitive functions like updateMintRate would provide transparency and allow the community to react to significant economic changes.
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Score changes are recorded as dated snapshots — history is append-only and cannot be edited.
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