Early-stage security check — honeypot & rug-pull analysis
The DERC20 contract is a standard ERC-20 implementation 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 22, 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 mint new tokens via the updateMintRate and release functions. This allows the owner to increase the total supply, which dilutes the value of existing holdings for all token holders.
Consider implementing a timelock on minting functions or moving the minting authority to a decentralized governance contract to prevent unilateral supply increases.
Unresolved
The owner can use the lockPool and unlockPool functions to enable or disable token transfers. This gives the owner the power to freeze user funds or restrict liquidity at their discretion.
Remove the ability to pause transfers or restrict this functionality to a decentralized emergency pause mechanism that requires community consensus.
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%. 2,531 holders in total.
Watch the largest wallets that are not exchanges, pools or locks — those are the ones that can move the price.
Acknowledged
2,531 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 $97K (DexScreener, all pools). 24h trading volume $292K (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: $97K 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 implementation with added governance, voting, and vesting capabilities. The protocol relies on a centralized owner to manage inflation rates and pool access. While the code follows standard OpenZeppelin patterns, the high degree of administrative control over token supply and transferability presents a significant centralization risk.
The contract utilizes well-audited OpenZeppelin libraries for ERC-20, voting, and permit functionality. 7.1 Architecture is modular, and 7.2 Code Security is high due to the use of standard, battle-tested primitives. 7.3 Access Control is correctly implemented using Ownable, though it grants extensive powers to the owner. 7.6 External dependencies are minimal and standard.
7.4 Economic and 7.5 Governance aspects are heavily centralized. The owner has the ability to mint tokens up to a 2% annual cap and toggle transferability, which directly impacts token value and liquidity. While the inflation cap provides a safety bound, the lack of a timelock or multi-sig requirement for these actions is a concern.
7.7 Upgrades are not supported as the contract is not a proxy. 7.8 Operations are straightforward, relying on the owner to trigger vesting releases and inflation adjustments. No complex upgrade paths exist to introduce hidden logic.
It is recommended to transition the ownership of the contract to a decentralized governance model, such as a DAO or a multi-signature wallet, to mitigate the risks associated with a single point of failure.
Implementing a timelock for sensitive administrative functions like updateMintRate would provide transparency and allow the community to react to significant changes in tokenomics. Additionally, ensure that the owner's private keys are managed with high-security standards, such as hardware security modules or institutional-grade custody solutions, given the level of control granted over the token's supply and transferability.
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Score changes are recorded as dated snapshots — history is append-only and cannot be edited.
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