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Is LaowuCoin a Scam?

老吴BNB Chain
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 →
Last checked Nov 1, 2026 · 1 audit on recordNew Launch · 1h old
SummaryAI Copilot

The FlapTaxTokenV3 is an EIP-1167 minimal clone token. The contract ownership has been renounced, effectively locking the administrative functions startMigration and finalizeMigration.

Read the full analysis
What raised the score
  • LP lock status UNKNOWN — the pool's LP could not be read
  • Liquidity < $50k
  • Volume/Liquidity > 15×
  • Top-10 concentration > 20%
Exact factors
  • LP lock status UNKNOWN — the pool's LP could not be read
  • Liquidity < $50k ($11,836 across 2 pairs — thin market)
  • Volume/Liquidity > 15× (29.5× — wash-trading signal)
  • Top-10 concentration > 20% (49.3% total → 24.3% effective; 7.6% in EOAs, 41.7% in contracts; deployer/owner holds 30.0%)

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

Early-stage analysis. This token has limited on-chain history (1h old). New tokens carry elevated risk — data may change rapidly. Always verify independently before investing.

Security Checklist

as of audit · Nov 15 of 7 checks passed
Contract verifiedVerified
OwnershipRenounced
MintNo mint
Liquidity lockUnknown
UpgradeabilityFixed code
HoneypotNone found
Buy / sell tax0% / 1%

Holders

as of audit · Nov 1, 2026366 holders
41.7%Contracts7.6%Wallets50.7%Everyone else
41.7%Contracts7.6%50.7%Everyone else
ContractsWalletsEveryone elseBubble area = share of supply
49.3%of supply sits with the top 10 holders
  • Contractstreasury, vesting, bridge, staking41.7%
  • Walletsanonymous holders, free to sell7.6%
  • Everyone else356 holders50.7%
Effective concentrationwhat the score reads24.3%
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 Nov 1, 2026

Liquidity

as of audit · Nov 1$11.8K across 2 pairs

The risk score reads depth across every pair.

LP tokensUnknown

Whether the LP tokens are locked could not be determined.

Analysed pool$11.8KShare of depth100.0%

Security Findings

1 High5 Info
High

Who holds the supply

The ten largest holders own 49.3% of supply. What remains: 7.6% in wallets, 41.7% in other contracts. The deployer/owner wallet itself holds 30.0%. A holder that also controls the contract can sell into its own liquidity. 366 holders in total.QA-HOLDERS

Issue

The ten largest holders own 49.3% of supply. What remains: 7.6% in wallets, 41.7% in other contracts. The deployer/owner wallet itself holds 30.0%. A holder that also controls the contract can sell into its own liquidity. 366 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

Info

No issues identified in the reviewed source

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.I-01

Issue

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.

Fix

Re-check after any contract upgrade or ownership change, both of which can alter behaviour without changing this page.

Status

Acknowledged

Info

Not listed by any independent source

366 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

366 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

Info

The market for this token

Liquidity $12K (DexScreener, all pools). 24h trading volume $383K (DexScreener, all pools).QA-MARKET

Issue

Liquidity $12K (DexScreener, all pools). 24h trading volume $383K (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

Info

Asset 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: fixed — the contract has no mint function. Control: nobody (ownership renounced). Code: not upgradeable (no proxy). Fees: 0% on buy, 0.99% on sell. Market: $12K of DEX liquidity across 2 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: fixed — the contract has no mint function. Control: nobody (ownership renounced). Code: not upgradeable (no proxy). Fees: 0% on buy, 0.99% on sell. Market: $12K of DEX liquidity across 2 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

Info

Recently 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 · Nov 1
Executive SummaryWhat the contract is and what the review found

The FlapTaxTokenV3 is an EIP-1167 minimal clone token. The contract ownership has been renounced, effectively locking the administrative functions startMigration and finalizeMigration. As these functions are no longer callable, the protocol state is immutable. The architecture follows standard ERC-20 patterns with additional tax and anti-farmer logic.

Technical8/10Low risk

The contract utilizes standard OpenZeppelin upgradeable libraries to implement a secure ERC-20 token. 7.1 Architecture: EIP-1167 minimal clone ensures low deployment costs and fixed logic. 7.2 Code Security: The implementation uses safe math and standard patterns. 7.3 Access Control: All administrative functions are protected by the Ownable pattern, which is now permanently disabled due to ownership renouncement.

Governance5/10Medium risk

7.4 Economic: The token incorporates tax and anti-farmer mechanisms that are now locked in their current state. 7.5 Governance: Governance is effectively non-existent as ownership is renounced. 7.8 Operations: The protocol operates autonomously without reliance on external administrative intervention.

Upgrades8/10Low risk

7.7 Upgrades: The contract is deployed as an EIP-1167 minimal clone, which is immutable by design. There is no proxy upgrade mechanism present, and the implementation address cannot be changed. This eliminates risks associated with malicious logic updates or proxy hijacking.

Final RecommendationWhat to do about this score

The protocol is in a stable, immutable state due to the renouncement of ownership.

No further administrative actions are required or possible. Users should be aware that the current tax and anti-farmer logic is permanent and cannot be adjusted by any party.

Contract & Record

1 audit on record
TypeFlapTaxTokenV3
NetworkBNB Chain
Token age1h
Contract0xdf8a…7777
Deployer0x624a…3c56
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Audit History
  1. Nov 1, 202640Medium

Score changes are recorded as dated snapshots — history is append-only and cannot be edited.

Frequently Asked Questions

What is the 老吴 contract address?

The LaowuCoin (老吴) contract on BNB Chain is 0xdf8a2cccbff4a15616fc4ea6fd3574645d317777. Compare it with the address the project itself publishes before trading: other contracts can carry the same name and ticker.

Is LaowuCoin a scam?

Quantum Audit's risk score for LaowuCoin is 40/100 (Medium risk) as of Nov 1, 2026, computed by a deterministic function from on-chain facts — Contract verified: Verified; Ownership: Renounced; Mint: No mint; Upgradeability: Fixed code; Honeypot: None found; Buy / sell tax: 0% / 1%. A score is a dated snapshot of those facts, not a guarantee; each one is listed on this page.

Who holds 老吴?

As of Nov 1, 2026, the 10 largest holders own 49.3% of the supply across 366 holders. The Holders section on this page shows who they are by holder type.

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