The DERC20 contract is a standard ERC-20 implementation with additional governance 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 level of administrative control over token supply and transferability introduces significant trust requirements for token holders.
Early-stage security check — honeypot & rug-pull analysis
Is IOF a Scam?
Not verified
This 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 →The DERC20 contract is a standard ERC-20 implementation with additional governance and vesting capabilities.
Read the full analysis- Owner can pause all transfers
- A privileged address controls a switch that decides whether transfers go through
- Mintable supply — no cap found, dilution unbounded
- Liquidity not locked
- Top-10 concentration > 30%
Exact factors
- Owner can pause all transfers
- A privileged address controls a switch that decides whether transfers go through
- Mintable supply — no cap found, dilution unbounded
- Liquidity NOT locked (100% of the pool) — who holds it cannot be verified
- Top-10 concentration > 30% (100.0% total → 48.2% effective; 16.2% in EOAs, 80.0% in contracts; 3.8% 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
Security Checklist
as of audit · Oct 27Holders
as of audit · Oct 27, 2026- Contractstreasury, vesting, bridge, staking80.0%
- Walletsanonymous holders, free to sell16.2%
- Burnedout of circulation3.8%
How holder types affect the score
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 27, 2026
Liquidity
as of audit · Oct 27The 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.
0x6fb9…43bfSecurity Findings
MediumCentralized Control Over Token Supply
The owner can call updateMintRate and release to mint new tokens, which increases the total supply and dilutes the value of existing holdings. This power is unrestricted by any community vote or delay.CP-01
Issue
The owner can call updateMintRate and release to mint new tokens, which increases the total supply and dilutes the value of existing holdings. This power is unrestricted by any community vote or delay.
Fix
Implement a timelock for all minting-related functions and require a multi-signature approval process for any changes to the minting rate.
Status
Unresolved
MediumCentralized Control Over Transferability
The owner can use lockPool and unlockPool to enable or disable token transfers. This allows the owner to effectively freeze user funds or prevent trading at their discretion.CP-05
Issue
The owner can use lockPool and unlockPool to enable or disable token transfers. This allows the owner to effectively freeze user funds or prevent trading at their discretion.
Fix
Remove the ability to arbitrarily lock transfers or restrict this functionality to a decentralized governance contract with a mandatory notice period.
Status
Unresolved
MediumLiquidity not locked
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, 0x6fb9…43bf — holds 100.0% 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.QA-LIQUIDITY
Issue
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, 0x6fb9…43bf — holds 100.0% 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.
Fix
Check the lock's end date and beneficiary on the locker's own page before relying on it.
Status
Acknowledged
InfoWho holds the supply
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%. 24 holders in total.QA-HOLDERS
Issue
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%. 24 holders in total.
Fix
Watch the largest wallets that are not exchanges, pools or locks — those are the ones that can move the price.
Status
Acknowledged
InfoNot listed by any independent source
24 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.QA-IDENTITY
Issue
24 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.
Fix
Match the contract address against the project's official channels before trading.
Status
Acknowledged
InfoThe market for this token
Liquidity $74K (DexScreener, all pools). 24h trading volume $531K (DexScreener, all pools).QA-MARKET
Issue
Liquidity $74K (DexScreener, all pools). 24h trading volume $531K (DexScreener, all pools).
Fix
Size any position to the liquidity and daily volume shown — they set how much you can sell and at what price.
Status
Acknowledged
InfoAsset class: Project token
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: $74K of DEX liquidity across 1 pools. Launch: under a day of market history.QA-PROFILE
Issue
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: $74K of DEX liquidity across 1 pools. Launch: under a day of market history.
Fix
Check the project's own documentation for what the token is used for; this report covers what the contract allows.
Status
Acknowledged
InfoRecently launched — less than a day of market history
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.QA-RECENT
Issue
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.
Fix
Re-check ownership, liquidity and holder distribution as the token matures; those are the facts that move early.
Status
Acknowledged
Analysis
AI Copilotas of audit · Oct 27The contract utilizes well-audited OpenZeppelin libraries for ERC-20 and governance features. 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 strictly enforced via Ownable, though the scope of administrative power is broad. 7.6 External dependencies are limited to standard library interfaces, reducing integration risk.
7.4 Economic and 7.5 Governance aspects are heavily centralized under the contract owner. The owner has the ability to mint tokens and halt transfers, which directly impacts the token's market value and liquidity. While inflation is capped at 2% annually, the lack of a timelock or multi-signature requirement for these actions poses a risk to holders.
7.7 Upgrades are not supported as the contract is not a proxy. 7.8 Operations are straightforward, relying on standard owner-based management. The immutability of the logic provides security against unauthorized code changes, though it limits the ability to patch potential future vulnerabilities.
It is recommended to transition the ownership of the contract to a decentralized governance model, such as a multi-signature wallet or a DAO, to mitigate the risks associated with a single point of failure.
Implementing a timelock on sensitive functions like updateMintRate and lockPool would provide transparency and allow the community to react to administrative changes. Furthermore, consider renouncing ownership if the current administrative features are no longer required for the protocol's lifecycle. This would permanently lock the current configuration and prevent any future arbitrary changes to the token's supply or transfer rules.
Contract & Record
Free for any token on the record. It links to this page and always shows the current score and the date it was checked.
- Oct 27, 202663Medium
Score changes are recorded as dated snapshots — history is append-only and cannot be edited.
Frequently Asked Questions
What is the IOF contract address?
The IOF contract on Base is 0x3be1266a695118a88e0bc0850b221dc4736a80a7. Compare it with the address the project itself publishes before trading: other contracts can carry the same name and ticker.
Is IOF a scam?
Quantum Audit's risk score for IOF is 63/100 (Medium risk) as of Oct 27, 2026, computed by a deterministic function from on-chain facts — Contract verified: Verified; Ownership: Retained; Mint: Mintable; Liquidity lock: Not locked; 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.
Is IOF liquidity locked?
Liquidity lock: Not locked (as of Oct 27, 2026). Total DEX liquidity: $73.8K.
Who holds IOF?
As of Oct 27, 2026, the 10 largest holders own 100.0% of the supply across 24 holders. The Holders section on this page shows who they are by holder type.
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