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Injective Protocol INJ
0xa2b7…d495
BNB Chain
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.Own this token? Put it under verification →
Last checked today 1 audit on record
DexScreener ↗
How is this score calculated? → Medium Risk
Executive SummaryAI Copilot

This audit covers a BEP20 token implemented via an upgradeable proxy. The contract provides standard ERC-20 functionalities. A key finding identifies that the contract owner has the ability to mint new tokens, which could dilute existing token holders.

2 Medium4 Informational
Volume 24h
$43.8K
Liquidity
$221.9K
Price
$7.6300
Token Age
5y
Top 10 Holders
65.9%

Security Findings

2 Med4 Info
Medium

Owner can mint new tokens

CP-01The contract includes a `mint(uint256)` function that allows the current owner of the token contract to create and add new tokens to the total supply. This means the owner can increase the number of tokens in circulation at any time, potentially diluting the value of existing tokens.
IssueThe contract includes a `mint(uint256)` function that allows the current owner of the token contract to create and add new tokens to the total supply. This means the owner can increase the number of tokens in circulation at any time, potentially diluting the value of existing tokens.
FixToken holders should be aware that the token supply is not fixed and can be increased by the contract owner. The project team should clearly define and communicate the circumstances under which new tokens will be minted, or consider revoking this capability if a fixed supply is desired.
StatusUnresolved
Medium

Liquidity not locked

QA-LIQUIDITY0.0% of the pool's LP is burned or time-locked. 100.1% is held, unlocked, by 10 address(es) other than the owner/deployer. One of them — a contract, 0xb789…1f2d — holds 62.9% 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. This assessment covers the main pool, which holds 45% of the token's DEX liquidity; the other pools were not assessed.
Issue0.0% of the pool's LP is burned or time-locked. 100.1% is held, unlocked, by 10 address(es) other than the owner/deployer. One of them — a contract, 0xb789…1f2d — holds 62.9% 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. This assessment covers the main pool, which holds 45% of the token's DEX liquidity; the other pools were not assessed.
FixCheck the lock's end date and beneficiary on the locker's own page before relying on it.
StatusAcknowledged
Info

Who holds the supply

QA-HOLDERSThe ten largest holders own 65.9% of supply. Of that, 15.5% locked — not holders that can sell, so excluded from the concentration score. What remains: 50.4% in wallets, 0.0% in other contracts. 58,838 holders in total.
IssueThe ten largest holders own 65.9% of supply. Of that, 15.5% locked — not holders that can sell, so excluded from the concentration score. What remains: 50.4% in wallets, 0.0% in other contracts. 58,838 holders in total.
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 Injective (INJ), market cap $752M, rank #93. Traded on Binance. 58,838 holders. Verified by: CoinGecko, exchange listings.
IssueListed on CoinGecko as Injective (INJ), market cap $752M, rank #93. Traded on Binance. 58,838 holders. Verified by: CoinGecko, exchange listings.
FixMatch the contract address against the project's official channels before trading.
StatusAcknowledged
Info

The market for this token

QA-MARKETLiquidity $497K (DexScreener, all pools). 24h trading volume $132.3M (CoinGecko, all markets, daily snapshot). 24h trading volume $85K (DexScreener, all pools).
IssueLiquidity $497K (DexScreener, all pools). 24h trading volume $132.3M (CoinGecko, all markets, daily snapshot). 24h trading volume $85K (DexScreener, all pools).
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: Project token

QA-PROFILEA 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: an owner that could not be resolved. Code: upgradeable proxy. Fees: no buy or sell tax. Market: $497K of DEX liquidity across 30 pools. Launch: 1996 days of market history.
IssueA 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: an owner that could not be resolved. Code: upgradeable proxy. Fees: no buy or sell tax. Market: $497K of DEX liquidity across 30 pools. Launch: 1996 days of market history.
FixCheck the project's own documentation for what the token is used for; this report covers what the contract allows.
StatusAcknowledged

Category Ratings

TechnicalLow7/10

The contract implements a standard BEP20 token behind an EIP-1967 Transparent Proxy, ensuring upgradeability (7.1 Architecture). Core ERC-20 functions like `transfer` and `transferFrom` are correctly implemented (7.2 Code Security). However, the `mint(uint256)` function allows the contract owner to create new tokens, which is a significant technical control point (7.3 Access Control). No reentrancy or integer overflow issues were identified in the provided code snippets for transfer functions.

GovernanceHigh1/10

The economic model of the token is directly impacted by the owner's ability to `mint(uint256)` new tokens (7.4 Economic). This centralized control over supply can lead to token dilution if misused. Ownership can be transferred via `transferOwnership(address)` or renounced via `renounceOwnership()`, both restricted to the current owner (7.5 Governance). There are no external dependencies identified that could lead to oracle manipulation or flash loan attacks (7.6 External).

UpgradesHigh1/10

The contract utilizes an EIP-1967 Transparent Proxy pattern, allowing for future upgrades of the token's logic (7.7 Upgrades). This design provides flexibility for bug fixes or feature additions without requiring a new deployment. The proxy's admin address, an EOA, controls the upgrade process, centralizing this critical capability (7.8 Operations). Proper management of the admin key is essential to maintain upgrade safety.

Security Checklist

1/5 checks passed
Contract VerifiedPass
Ownership Renounced?
No Mint FunctionFail
Liquidity LockedFail
Not a ProxyFail
HoneypotNoneBuy Tax0.0%Sell Tax0.0%

Proxy Upgrade Controls

Proxy TypeEip1967 Transparent
AdminEOA (single key controls upgrades)
ImplementationVerified source

Holder Composition

65.9% in top 10
50.4% in wallets0.0% in contracts
Effective Concentration50.4%

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

$497.5K across 30 pairs
Pancakeswap v2WBNBanalysed$221.9K44.6%OrionUSDT$144.3K29.0%Pancakeswap v3WBNB$67.1K13.5%UniswapWBNB$23.2K4.7%Pancakeswap v3ETH$18.0K3.6%Pancakeswap v1WBNB$16.0K3.2%
Show 4 more pairsShow less
MdexBUSD$2.8K0.6%Squadswap v2WBNB$1.7K0.3%Pancakeswap v2BF$4830.1%Pancakeswap v2XHM$4760.1%

The 20 remaining pairs hold $1.6K between them and are not listed.

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 Holder62.9%
Top-3 Unlocked85.7%

Key Addresses

11 addresses
Deployer
0xfc19…367a
Unlocked LP Held By
0xb789…1f2d0x73fe…e24e0xa5f8…76520xaa58…eefe0xfb39…d17d0x437c…4e2d0x85ee…5bcf0xb774…52850x68a7…9b630xef11…c1f8

What Raised This Score

5 factors
  • Mintable supply — no cap found, dilution unbounded
  • Upgradeable proxy — the admin can replace the logic; admin: EOA
  • Ownership status UNKNOWN (owner could not be resolved)
  • Liquidity NOT locked (100% of the pool; this pool is 45% of DEX liquidity) — who holds it cannot be verified
  • Top-10 concentration > 50% (65.9% total → 50.4% effective; 50.4% in EOAs, 0.0% in contracts; 15.5% burned, locked or in pools excluded)

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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