On-chain security analysis — is it a scam or legit?
EthereumThe PermittableToken contract is a centralized ERC-20 implementation with extensive administrative privileges.
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 Nov 3, 2026
The 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.
0xf06b…c0eb0xd5a5…7a3a0xa0b3…afd10xc0e8…58cdFunctions like transferAndCall, push, pull, and move allow the owner to directly modify balances or move funds from any user address, posing a critical risk to asset security.
Remove administrative functions that allow direct manipulation of user balances to ensure user sovereignty over their assets.
Unresolved
The mint(address,uint256) function allows the owner to create new tokens, which increases the total supply and dilutes the value of existing holdings.
Restrict minting to a capped amount or remove the function entirely if the total supply should be fixed.
Unresolved
0.0% 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 contract, 0xf06b…c0eb — holds 99.8% 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.
Check the lock's end date and beneficiary on the locker's own page before relying on it.
Acknowledged
Liquidity $96K (DexScreener, all pools). 24h trading volume $4.1M (CoinGecko, all markets, daily snapshot). 24h trading volume $582K (DexScreener, all pools). CoinGecko's record for this coin: all-time high $89.14 on 2018-02-23; the price is now 99.3901% below it.
Size any position to the liquidity and daily volume shown — they set how much you can sell and at what price.
Acknowledged
The ten largest holders own 79.7% of supply. What remains: 65.0% in wallets, 14.7% in other contracts. 2,763 holders in total.
Watch the largest wallets that are not exchanges, pools or locks — those are the ones that can move the price.
Acknowledged
Listed on CoinGecko as Elastos (ELA), market cap $13M, rank #1090. Traded on Coinbase. 2,763 holders.
Match the contract address against the project's official channels before trading.
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: $96K of DEX liquidity across 4 pools. Launch: 1953 days 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 PermittableToken contract is a centralized ERC-20 implementation with extensive administrative privileges. While it follows standard token patterns, the owner possesses significant power to mint tokens and manipulate user balances, creating a high level of trust dependency. The contract lacks modern security features like reentrancy guards, though the current logic is relatively straightforward.
The architecture follows standard ERC-20 patterns with additional bridge and permit functionality. 7.1 Architecture: Centralized control via owner. 7.2 Code Security: Uses SafeMath for arithmetic operations. 7.3 Access Control: Heavily reliant on owner-restricted functions. 7.6 External: Integrates with bridge contracts via setBridgeContract.
7.4 Economic: The owner can mint tokens at will, directly impacting token value. 7.5 Governance: No decentralized governance mechanism exists; all power is concentrated in the owner address. 7.8 Operations: The owner can move any user's funds, representing a significant operational risk to token holders.
7.7 Upgrades: The contract is not a proxy and cannot be upgraded. This provides immutability but prevents patching vulnerabilities post-deployment.
Token holders should be aware that the contract owner has full control over the total supply and individual user balances.
It is recommended that the owner address be transitioned to a multi-signature wallet or a time-locked governance contract to mitigate the risk of single-point-of-failure compromise.
Free for any token on the record. It links to this page and always shows the current score and the date it was checked.
Score changes are recorded as dated snapshots — history is append-only and cannot be edited.
The ELA on Ethereum (ELA) contract on Ethereum is 0xe6fd75ff38adca4b97fbcd938c86b98772431867. Compare it with the address the project itself publishes before trading: other contracts can carry the same name and ticker.
Quantum Audit's risk score for ELA on Ethereum is 75/100 (High risk) as of Nov 3, 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.
Liquidity lock: Not locked (as of Nov 3, 2026). Total DEX liquidity: $96.0K.
As of Nov 3, 2026, the 10 largest holders own 79.7% of the supply across 2,763 holders. The Holders section on this page shows who they are by holder type.
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