Is MAGA (TRUMP) Safe? Smart Contract Security Analysis

Security Findings

2 Med4 Info

Medium

Privileged Token Minting

CP-01The `TaxlessTrump` token contract includes functions, specifically `convertTaxedTrumpToTaxlessTrump(uint256)` and `convertTaxlessTrumpToTaxedTrump(uint256)`, that allow a specific, privileged address to create new tokens. When these functions are called, the total supply of `TaxlessTrump` tokens increases, which can dilute the value of tokens held by other users.

IssueThe `TaxlessTrump` token contract includes functions, specifically `convertTaxedTrumpToTaxlessTrump(uint256)` and `convertTaxlessTrumpToTaxedTrump(uint256)`, that allow a specific, privileged address to create new tokens. When these functions are called, the total supply of `TaxlessTrump` tokens increases, which can dilute the value of tokens held by other users.

FixToken holders should be aware that the controller of this contract has the power to increase the token supply at will. To mitigate this risk, the project team should consider implementing a multi-signature wallet for these functions or, if possible, removing the minting capability entirely to ensure a fixed supply.

StatusUnresolved

Medium

The market for this token

QA-MARKETLiquidity $98K (DexScreener, all pools). 24h trading volume $334K (CoinGecko, all markets, daily snapshot). 24h trading volume $310K (DexScreener, all pools). CoinGecko's record for this coin: all-time high $17.51 on 2024-05-31; the price is now 99.8199% below it.

IssueLiquidity $98K (DexScreener, all pools). 24h trading volume $334K (CoinGecko, all markets, daily snapshot). 24h trading volume $310K (DexScreener, all pools). CoinGecko's record for this coin: all-time high $17.51 on 2024-05-31; the price is now 99.8199% below it.

FixSize any position to the liquidity and daily volume shown — they set how much you can sell and at what price.

StatusAcknowledged

Info

Who holds the supply

QA-HOLDERSThe ten largest holders own 57.0% of supply. Of that, 11.7% in DEX pools — not holders that can sell, so excluded from the concentration score. What remains: 43.9% in wallets, 1.3% in other contracts. 9,763 holders in total.

IssueThe ten largest holders own 57.0% of supply. Of that, 11.7% in DEX pools — not holders that can sell, so excluded from the concentration score. What remains: 43.9% in wallets, 1.3% in other contracts. 9,763 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

Listed, but not independently verified

QA-IDENTITYListed on CoinGecko as MAGA (TRUMP), market cap $1M, rank #2722. Traded on Binance. 9,763 holders.

IssueListed on CoinGecko as MAGA (TRUMP), market cap $1M, rank #2722. Traded on Binance. 9,763 holders.

FixMatch the contract address against the project's official channels before trading.

StatusAcknowledged

Info

Liquidity burned — cannot be withdrawn

QA-LIQUIDITY100.0% 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.

Issue100.0% 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.

FixCheck the lock's end date and beneficiary on the locker's own page before relying on it.

StatusAcknowledged

Info

Asset class: Meme token

QA-PROFILEA community token whose value comes from attention rather than a product. Being a meme is not a risk in itself: it is scored on exactly the same contract and market facts as any other token. The class itself adds no points; the contract and market facts decide the score. Basis: CoinGecko category: Meme. Tokenomics — Supply: mintable with no on-chain cap found. Control: an owner that could not be resolved. Code: not upgradeable (no proxy). Fees: no buy or sell tax. Market: $98K of DEX liquidity across 11 pools. Launch: 797 days of market history.

IssueA community token whose value comes from attention rather than a product. Being a meme is not a risk in itself: it is scored on exactly the same contract and market facts as any other token. The class itself adds no points; the contract and market facts decide the score. Basis: CoinGecko category: Meme. Tokenomics — Supply: mintable with no on-chain cap found. Control: an owner that could not be resolved. Code: not upgradeable (no proxy). Fees: no buy or sell tax. Market: $98K of DEX liquidity across 11 pools. Launch: 797 days of market history.

FixExpect attention-driven volatility; the facts in this report say whether the contract itself can be used against holders.

StatusAcknowledged

Category Ratings

TechnicalLow8/10

The contract implements standard ERC-20 token functionality, ensuring basic transfer and approval mechanisms (7.1 Architecture). The code for core ERC-20 operations appears standard. However, the `convertTaxedTrumpToTaxlessTrump` and `convertTaxlessTrumpToTaxedTrump` functions allow a privileged address to mint new tokens (7.3 Access Control), which directly impacts the token supply. No reentrancy or integer issues were identified in the provided transfer path (7.2 Code Security).

GovernanceMedium5/10

The primary economic risk stems from the privileged minting capability (7.4 Economic). The ability for a specific address to create new tokens via `convertTaxedTrumpToTaxlessTrump` and `convertTaxlessTrumpToTaxedTrump` can lead to token dilution, negatively impacting the value for existing holders. This centralizes significant control over the token's supply, which could be a governance concern if not managed transparently (7.5 Governance).

UpgradesMedium4/10

The TaxlessTrump contract is not designed with upgradeability patterns (e.g., proxy contracts) (7.7 Upgrades). This means its logic cannot be modified post-deployment, providing immutability but also preventing bug fixes or feature enhancements without a new deployment and migration.

Security Checklist

3/5 checks passed

Contract VerifiedPass

Ownership Renounced?

No Mint FunctionFail

Liquidity LockedPass

Not a ProxyPass

HoneypotNoneBuy Tax0.0%Sell Tax0.0%

Holder Composition

57.0% in top 10

43.9% in wallets1.3% in contracts

Effective Concentration44.5%

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

$98.2K across 11 pairs

Uniswap v2WETHanalysed$98.2K Uniswap v3FTP$15

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

LP Burned100.0% · ≈ permanent lock

LP Locked100.0% · Null Address

Key Addresses

1 addresses

Deployer

0x8885…7356

What Raised This Score

3 factors

Mintable supply — no cap found, dilution unbounded
Ownership status UNKNOWN (owner could not be resolved)
Top-10 concentration > 30% (57.0% total → 44.5% effective; 43.9% in EOAs, 1.3% in contracts; 11.7% 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

Not Signed In

Is MAGA Safe?

Security Findings

Privileged Token Minting

The market for this token

Who holds the supply

Listed, but not independently verified

Liquidity burned — cannot be withdrawn

Asset class: Meme token

Category Ratings

Security Checklist

Holder Composition

Liquidity Depth

LP Distribution

Key Addresses

What Raised This Score

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