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Is iEx.ec Network Token Safe?

On-chain security analysis — is it a scam or legit?

iEx.ec Network Token RLC
0xe649…f47c
Arbitrum
Not verifiedThis record has not gone through deep verification and is not being monitored. The score is a dated snapshot — the token’s risk can change at any time.
Last checked today 1 audit on record
Executive SummaryAI Copilot

The RLCCrosschainToken is an upgradeable ERC-20 token designed for cross-chain functionality, managed by a multisig. The audit of the provided code map did not identify any critical or high-severity vulnerabilities. The contract utilizes standard and well-established patterns for upgradeability and access control, though the centralized control over token supply and roles by a multisig introduces inherent governance and economic considerations.

5 Informational
Volume 24h
$157.9K
Liquidity
$72.8K
Price
$0.8928
Token Age
1y
Top 10 Holders
97.9%

Security Findings

Info

No issues identified in the reviewed source

I-01The 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.
IssueThe 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.
FixRe-check after any contract upgrade or ownership change, both of which can alter behaviour without changing this page.
StatusAcknowledged
Info

Who holds the supply

QA-HOLDERSThe ten largest holders own 97.9% of supply. Of that, 87.4% in DEX pools — not holders that can sell, so excluded from the concentration score. What remains: 4.4% in wallets, 6.1% in other contracts. 184 holders in total. For a verified reference asset the largest holders are custodians, exchanges and bridges; concentration is reported, not scored.
IssueThe ten largest holders own 97.9% of supply. Of that, 87.4% in DEX pools — not holders that can sell, so excluded from the concentration score. What remains: 4.4% in wallets, 6.1% in other contracts. 184 holders in total. For a verified reference asset the largest holders are custodians, exchanges and bridges; concentration is reported, not scored.
FixWatch the largest wallets that are not exchanges, pools or locks — those are the ones that can move the price.
StatusAcknowledged
Info

Identity verified by independent sources

QA-IDENTITYListed on CoinGecko as iExec RLC (RLC), market cap $63M, rank #423. Traded on Binance. 184 holders. Verified by: CoinGecko.
IssueListed on CoinGecko as iExec RLC (RLC), market cap $63M, rank #423. Traded on Binance. 184 holders. Verified by: CoinGecko.
FixMatch the contract address against the project's official channels before trading.
StatusAcknowledged
Info

The market for this token

QA-MARKETLiquidity $73K (DexScreener, all pools). 24h trading volume $168.5M (CoinGecko, all markets, daily snapshot). 24h trading volume $158K (DexScreener, all pools). CoinGecko's record for this coin: all-time high $15.51 on 2021-05-10; the price is now 95.3396% below it.
IssueLiquidity $73K (DexScreener, all pools). 24h trading volume $168.5M (CoinGecko, all markets, daily snapshot). 24h trading volume $158K (DexScreener, all pools). CoinGecko's record for this coin: all-time high $15.51 on 2021-05-10; the price is now 95.3396% below it.
FixSize any position to the liquidity and daily volume shown — they set how much you can sell and at what price.
StatusAcknowledged
Info

Asset class: Wrapped or bridged asset

QA-PROFILEA token representing another asset's units 1:1, backed by a wrapping contract, a custodian or a bridge. Scored as an established reference asset: its identity is verified, so the issuer's or protocol's controls (listed as findings) are real and are priced once as counterparty risk, and LP locks and holder concentration are not scored — its pools belong to market makers and its largest holders are exchanges, bridges and custody. Basis: bridge-mint functions in its code. Tokenomics — Supply: fixed — the contract has no mint function. Control: a 2-of-4 multisig. Code: upgradeable proxy. Fees: no buy or sell tax. Market: $73K of DEX liquidity across 1 pools. Launch: 393 days of market history.
IssueA token representing another asset's units 1:1, backed by a wrapping contract, a custodian or a bridge. Scored as an established reference asset: its identity is verified, so the issuer's or protocol's controls (listed as findings) are real and are priced once as counterparty risk, and LP locks and holder concentration are not scored — its pools belong to market makers and its largest holders are exchanges, bridges and custody. Basis: bridge-mint functions in its code. Tokenomics — Supply: fixed — the contract has no mint function. Control: a 2-of-4 multisig. Code: upgradeable proxy. Fees: no buy or sell tax. Market: $73K of DEX liquidity across 1 pools. Launch: 393 days of market history.
FixThe backing is the risk: check who holds the underlying asset and how redemption works.
StatusAcknowledged

Category Ratings

TechnicalLow9/10

The RLCCrosschainToken is an upgradeable ERC-20 token designed for cross-chain functionality, inheriting from `ERC20BridgeableUpgradeable` and `UUPSUpgradeable`. It implements standard ERC-20 features and uses `AccessControlUpgradeable` for role-based permissions. Key functions like `crosschainMint` and `crosschainBurn` are restricted to a `tokenbridge` role, enabling controlled supply adjustments for bridging operations. No specific technical vulnerabilities were identified in the provided code map (7.1 Architecture, 7.2 Code Security).

GovernanceLow9/10

The contract exhibits a centralized control model, where the `DEFAULT_ADMIN_ROLE` (managed by a 2/4 multisig) holds significant power, including the ability to grant/revoke roles and initiate upgrades. The `crosschainMint` and `crosschainBurn` functions, which directly impact the token's supply and user balances, are restricted to a `tokenbridge` role. While the multisig mitigates single points of failure, the concentration of control over critical functions introduces a medium economic and governance risk (7.3 Access Control, 7.4 Economic, 7.5 Governance, 7.8 Operations).

UpgradesMedium5/10

The contract employs the UUPS proxy pattern, allowing for future upgrades of its logic. The `upgradeToAndCall` function, which facilitates these upgrades, is restricted to a specific role, ensuring that only authorized entities can modify the contract's implementation. This role is controlled by a multisig, providing a secure and flexible mechanism for contract evolution while maintaining robust access control (7.7 Upgrades).

Security Checklist

Contract VerifiedPass
Ownership RenouncedFail
No Mint FunctionPass
Liquidity LockedFail
Not a ProxyFail
HoneypotNoneBuy Tax0.0%Sell Tax0.0%

Proxy Upgrade Controls

Proxy TypeEip1967 Uups
ImplementationVerified source
Upgrades (30d)0 · stable

Holder Composition

4.4% in wallets6.1% in contracts
Effective Concentration6.8%

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.

Liquidity Depth

The risk score reads depth across every pair. The volume figure and the volume-to-liquidity ratio elsewhere on this page describe only the pair this audit analysed, so the two are not directly comparable.

LP Distribution

Top-1 Unlocked Holder98.8%
Top-3 Unlocked100.0%

Key Addresses

Deployer
0x1111…6b67
Unlocked LP Held By
0x25cb…79170x517d…f7a2

What Raised This Score

  • Issuer controls retained (admin key, upgrade) — counterparty risk on a known issuer, not a rug vector

Each 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

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