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Early-stage security check — honeypot & rug-pull analysis

Is Liquid Island a Scam?

ISLANDBNB 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 7, 2026 · 1 audit on recordNew Launch · 4h old
SummaryAI Copilot

The FlapTaxTokenV3 is a minimal clone (EIP-1167) implementation of an ERC-20 token with custom tax and migration logic.

Read the full analysis
What raised the score
  • Liquidity < $50k
Exact factors
  • Liquidity < $50k ($10,539 across 2 pairs — thin market)

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 (4h old). New tokens carry elevated risk — data may change rapidly. Always verify independently before investing.

Security Checklist

as of audit · Nov 76 of 7 checks passed
Contract verifiedVerified
OwnershipRenounced
MintNo mint
Liquidity lockLocked
UpgradeabilityFixed code
HoneypotNone found
Buy / sell tax2% / 2.2%

Holders

as of audit · Nov 7, 2026333 holders
8.6%Contracts5.7%8.8%Locked42.1%DEX pools34.7%Everyone else
8.6%5.7%8.8%42.1%DEX pools34.7%Everyone else
ContractsWalletsLockedDEX poolsEveryone elseBubble area = share of supply
65.3%of supply sits with the top 10 holders
  • Contractstreasury, vesting, bridge, staking8.6%
  • Walletsanonymous holders, free to sell5.7%
  • Lockedtime-locked8.8%
  • DEX poolsthe pools' own liquidity42.1%
  • Everyone else323 holders34.7%
Effective concentrationwhat the score reads9.2%
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 7, 2026

Liquidity

as of audit · Nov 7$10.5K across 2 pairs

The risk score reads depth across every pair.

LP tokensLocked

The LP tokens of the analysed pool are locked or burned.

Analysed pool$10.5KShare of depth100.0%
LP Burned100.0% · ≈ permanent lock
LP Locked100.0% · Null Address

Security Findings

7 Info
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, LP lock/burn state, 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, LP lock/burn state, 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

Who holds the supply

The ten largest holders own 65.3% of supply. Of that, 8.8% locked, 42.1% in DEX pools — not holders that can sell, so excluded from the concentration score. What remains: 5.7% in wallets, 8.6% in other contracts. 333 holders in total.QA-HOLDERS

Issue

The ten largest holders own 65.3% of supply. Of that, 8.8% locked, 42.1% in DEX pools — not holders that can sell, so excluded from the concentration score. What remains: 5.7% in wallets, 8.6% in other contracts. 333 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

Not listed by any independent source

333 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

333 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

Liquidity burned — cannot be withdrawn

100.0% of the pool's LP is burned or time-locked. 100.0% of the LP tokens were sent to a burn address — that liquidity can never be withdrawn by anyone. Some pools are concentrated-liquidity (V3/V4) positions; shares above are by position as GoPlus reports them.QA-LIQUIDITY

Issue

100.0% of the pool's LP is burned or time-locked. 100.0% of the LP tokens were sent to a burn address — that liquidity can never be withdrawn by anyone. 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

Info

The market for this token

Liquidity $11K (DexScreener, all pools). 24h trading volume $172K (DexScreener, all pools).QA-MARKET

Issue

Liquidity $11K (DexScreener, all pools). 24h trading volume $172K (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: 2% on buy, 2.18% on sell. Market: $11K 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: 2% on buy, 2.18% on sell. Market: $11K 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 7
Executive SummaryWhat the contract is and what the review found

The FlapTaxTokenV3 is a minimal clone (EIP-1167) implementation of an ERC-20 token with custom tax and migration logic. The contract ownership has been renounced, effectively locking the administrative functions startMigration and finalizeMigration. The architecture is immutable, and the code follows standard OpenZeppelin patterns for token functionality.

Technical10/10Low risk

The contract utilizes a standard EIP-1167 minimal clone pattern, ensuring consistent logic across deployments. 7.1 Architecture is robust and immutable, while 7.2 Code Security is maintained through the use of well-audited OpenZeppelin libraries. 7.3 Access Control is effectively disabled due to the renounced ownership, preventing any further state changes to the migration logic. 7.6 External dependencies are minimal and standard for ERC-20 tokens.

Governance9/10Low risk

7.4 Economic parameters are currently fixed due to the renounced ownership, preventing any further manipulation of tax or migration states. 7.5 Governance is non-existent as the contract is now fully decentralized and immutable. The economic model relies on the state established prior to the renunciation of ownership. No further changes to the anti-farmer or tax mechanisms are possible.

Upgrades10/10Low risk

7.7 Upgrades are not applicable as the contract is a minimal clone with fixed bytecode. The implementation address is hardcoded and cannot be modified. 7.8 Operations are stable, as the contract logic is locked and immutable. No upgrade paths exist for the current deployment.

Final RecommendationWhat to do about this score

The contract is in a locked, immutable state due to the renunciation of ownership.

No further administrative actions are required or possible. Users should be aware that the current tax and migration parameters are permanent and cannot be adjusted by any party. Given the immutability, the protocol is highly resistant to administrative rug-pulls or unauthorized logic changes. Ensure that the current state of the pool parameters meets the long-term requirements of the token ecosystem, as no future updates can be applied.

Contract & Record

1 audit on record
TypeFlapTaxTokenV3
NetworkBNB Chain
Token age4h
Contract0x28ef…7777
Deployer0x560f…d1cf
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Audit History
  1. Nov 7, 202616Low

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

Frequently Asked Questions

What is the ISLAND contract address?

The Liquid Island (ISLAND) contract on BNB Chain is 0x28ef2256fe6fbdcb1f0f2dbdee0a082ff7017777. Compare it with the address the project itself publishes before trading: other contracts can carry the same name and ticker.

Is Liquid Island a scam?

Quantum Audit's risk score for Liquid Island is 16/100 (Low risk) as of Nov 7, 2026, computed by a deterministic function from on-chain facts — Contract verified: Verified; Ownership: Renounced; Mint: No mint; Liquidity lock: Locked; Upgradeability: Fixed code; Honeypot: None found; Buy / sell tax: 2% / 2.2%. A score is a dated snapshot of those facts, not a guarantee; each one is listed on this page.

Is ISLAND liquidity locked?

Liquidity lock: Locked (as of Nov 7, 2026). Total DEX liquidity: $10.5K.

Who holds ISLAND?

As of Nov 7, 2026, the 10 largest holders own 65.3% of the supply across 333 holders. The Holders section on this page shows who they are by holder type.

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