On-chain security analysis — is it a scam or legit?
The protocol implements a standard Burn-and-Mint ERC-20 token with UUPS proxy upgradeability and pausable functionality.
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 5, 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.
0xe875…e34f0xd168…18030x952d…1decThe contract lets its controller — a ProxyAdmin contract — mint new supply; pause all transfers. Nothing independent vouches for whoever holds them, so each is a live risk to holders.
Check who holds these powers and whether a timelock or multisig stands between them and holders.
Acknowledged
0.0% 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, 0xe875…e34f — holds 99.9% 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
The verified source code was reviewed and no issue rising to Informational severity or above was identified. This is a statement about the code that was read, not a guarantee: the review covers the published source only. Fact-layer checks (mint/owner authority, mint capability, holder concentration) were applied separately and feed the risk score.
Re-check after any contract upgrade or ownership change, both of which can alter behaviour without changing this page.
Acknowledged
The ten largest holders own 86.8% of supply. Of that, 2.2% in DEX pools — not holders that can sell, so excluded from the concentration score. What remains: 3.8% in wallets, 80.8% in other contracts. 2,845 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 Fluid (FLUID), market cap $226M, rank #156. Traded on Coinbase. 2,845 holders. Verified by: CoinGecko.
Match the contract address against the project's official channels before trading.
Acknowledged
Liquidity $69K (DexScreener, all pools). 24h trading volume $17.8M (CoinGecko, all markets, daily snapshot). 24h trading volume $93K (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, capped at 19669.4% of supply per year. Control: a ProxyAdmin contract. Code: upgradeable proxy. Fees: no buy or sell tax. Market: $69K of DEX liquidity across 2 pools. Launch: 442 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 protocol implements a standard Burn-and-Mint ERC-20 token with UUPS proxy upgradeability and pausable functionality. The architecture relies on OpenZeppelin's battle-tested libraries for access control and proxy management. No critical vulnerabilities were identified in the provided code map. The protocol is highly centralized, granting significant power to the DEFAULT_ADMIN_ROLE and MINTER_ROLE.
The contract utilizes standard OpenZeppelin libraries for 7.1 Architecture and 7.2 Code Security. 7.3 Access Control is robust, utilizing role-based permissions for minting, pausing, and administrative tasks. 7.6 External interactions are limited to standard ERC-20 operations, minimizing attack surfaces.
7.4 Economic risk is present due to the minting capability, which allows for significant supply dilution. 7.5 Governance is centralized under the DEFAULT_ADMIN_ROLE, which controls all administrative parameters. Users should be aware that the owner can pause transfers and mint new tokens at will.
7.7 Upgrades are managed via the UUPS pattern, which is the industry standard for gas-efficient proxy upgrades. The implementation includes 7.8 Operations safeguards such as the DEFAULT_ADMIN_ROLE delay mechanism for administrative changes. This structure ensures that upgrades are controlled and traceable.
The protocol is well-structured and follows secure coding standards.
To further enhance security, consider implementing a multi-signature wallet or a DAO-based governance structure for the DEFAULT_ADMIN_ROLE to mitigate the risks associated with a single point of failure. Regularly monitor the minting activity and administrative role changes to ensure transparency for token holders. Ensure that the private keys associated with the administrative roles are stored in secure, cold-storage environments.
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.
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