The DERC20 contract is a standard ERC-20 token with governance capabilities and vesting features. The protocol relies on a centralized owner to manage inflation and liquidity pool access. While the code follows standard OpenZeppelin patterns, the high degree 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 token with governance capabilities and vesting features.
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) — held by independent providers — market-depth risk
- Top-10 concentration > 30% (95.4% total → 38.5% effective; 0.5% in EOAs, 94.9% in contracts)
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 31Holders
as of audit · Oct 31, 2026- Contractstreasury, vesting, bridge, staking94.9%
- Walletsanonymous holders, free to sell0.5%
- Everyone else148 holders4.6%
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 31, 2026
Liquidity
as of audit · Oct 31The 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.
0x25aa…fe51No privileged address appears among these holders: the unlocked liquidity sits with independent providers, not with the deployer.
Security Findings
MediumCentralized Control Over Token Supply
The owner can call updateMintRate and release to increase the total supply of the token. This allows the owner to mint new tokens at will, which can dilute the holdings of existing token holders.CP-01
Issue
The owner can call updateMintRate and release to increase the total supply of the token. This allows the owner to mint new tokens at will, which can dilute the holdings of existing token holders.
Fix
Implement a timelock for minting operations or move the minting authority to a decentralized governance contract to prevent unilateral supply increases.
Status
Unresolved
MediumCentralized Control Over Transferability
The owner can use lockPool and unlockPool to enable or disable transfers for specific pools. This gives the owner the power to effectively freeze user assets or restrict liquidity at their discretion.CP-05
Issue
The owner can use lockPool and unlockPool to enable or disable transfers for specific pools. This gives the owner the power to effectively freeze user assets or restrict liquidity at their discretion.
Fix
Remove the ability to arbitrarily lock transfers or implement a community-driven voting mechanism to approve such actions, ensuring that users are not subject to sudden loss of liquidity.
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 wallet, 0x25aa…fe51 — 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 wallet, 0x25aa…fe51 — 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 95.4% of supply. What remains: 0.5% in wallets, 94.9% in other contracts. 158 holders in total.QA-HOLDERS
Issue
The ten largest holders own 95.4% of supply. What remains: 0.5% in wallets, 94.9% in other contracts. 158 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
158 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
158 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 $29.4M (DexScreener, all pools). 24h trading volume $505K (DexScreener, all pools).QA-MARKET
Issue
Liquidity $29.4M (DexScreener, all pools). 24h trading volume $505K (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: $29.4M 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: $29.4M 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 31The contract utilizes well-audited OpenZeppelin libraries for ERC-20 and governance functionality. 7.1 Architecture is modular, and 7.2 Code Security is high due to standard implementation patterns. 7.3 Access Control is strictly enforced via Ownable, though it grants the owner broad powers. 7.6 External dependencies are limited to standard interfaces, reducing integration risks.
7.4 Economic and 7.5 Governance aspects are heavily centralized. The owner has the ability to mint tokens and halt transfers, which directly impacts holder value and liquidity. While inflation is capped at 2% per year, the lack of a timelock or multi-sig requirement for these actions is a notable risk.
7.7 Upgrades are not supported as the contract is not a proxy. 7.8 Operations are straightforward, with administrative functions clearly defined. No complex upgrade paths exist to introduce hidden logic changes.
To improve the security posture, it is recommended to transition ownership to a multi-signature wallet or a decentralized governance contract.
Implementing a timelock on sensitive functions like updateMintRate and lockPool would provide transparency and allow the community to react to administrative changes. Additionally, consider documenting the exact logic for the 'pool' address and the intended use of the transfer switch to ensure transparency for users. Regular audits of the owner's operational procedures are advised to mitigate the risks associated with centralized control.
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 31, 202658Medium
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 0x110634b709d8ff8662abe5e519d67c900b453766. 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 58/100 (Medium risk) as of Oct 31, 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 31, 2026). Total DEX liquidity: $29.35M.
Who holds IOF?
As of Oct 31, 2026, the 10 largest holders own 95.4% of the supply across 158 holders. The Holders section on this page shows who they are by holder type.
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