Early-stage security check — honeypot & rug-pull analysis
The DERC20 contract is a standard ERC-20 token with additional governance 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 28, 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 functions, 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.
Implement a timelock for these functions or move the ownership to a decentralized governance contract to prevent unilateral supply changes.
Unresolved
The owner can toggle the isPoolUnlocked switch via lockPool and unlockPool functions. This allows the owner to unilaterally halt or enable token transfers, effectively freezing user funds or restricting market activity.
Remove the ability to arbitrarily lock transfers or implement a community-driven voting mechanism to trigger such emergency stops.
Unresolved
The ten largest holders own 100.0% of supply. Of that, 3.8% burned — not holders that can sell, so excluded from the concentration score. What remains: 16.2% in wallets, 80.0% in other contracts. The deployer/owner wallet itself holds 16.2%. 489 holders in total.
Watch the largest wallets that are not exchanges, pools or locks — those are the ones that can move the price.
Acknowledged
489 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 $191K (DexScreener, all pools). 24h trading volume $207K (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: $191K 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 additional governance and vesting capabilities. The protocol relies on a centralized owner to manage inflation and liquidity pool access. 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 standard OpenZeppelin libraries for ERC-20, Votes, and Permit functionality, ensuring robust base implementation. 7.1 Architecture and 7.2 Code Security are well-structured, leveraging battle-tested components. However, 7.3 Access Control is highly centralized, granting the owner significant power over supply and transfer logic. 7.6 External dependencies are minimal and standard.
7.4 Economic and 7.5 Governance aspects are heavily reliant on the owner's discretion. The ability to mint tokens via updateMintRate and release functions allows for potential supply dilution. 7.8 Operations are centralized, meaning the protocol's economic stability is tied directly to the owner's wallet security.
7.7 Upgrades are not applicable as the contract is not a proxy. The logic is immutable, though administrative parameters remain adjustable. This provides a stable environment but lacks the flexibility of upgradeable patterns.
To improve security, consider transitioning ownership to a multi-signature wallet or a decentralized DAO governance contract to mitigate the risk of a single point of failure.
Additionally, implementing a timelock on sensitive functions like updateMintRate would provide transparency and allow the community to react to significant changes in tokenomics. Ensure that the private keys associated with the owner address are stored in a secure, hardware-backed environment. Regularly audit the state of the pool and minting parameters to ensure they align with the stated economic model.
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 Federal Oil Trust Fund (FOTF) contract on Base is 0x9654e5feb040c82a937730e947cfcf2c43c8474f. 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 Federal Oil Trust Fund is 56/100 (Medium risk) as of Oct 28, 2026, computed by a deterministic function from on-chain facts — Contract verified: Verified; Ownership: Retained; Mint: Mintable; 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.
As of Oct 28, 2026, the 10 largest holders own 100.0% of the supply across 489 holders. The Holders section on this page shows who they are by holder type.
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