On-chain security analysis — is it a scam or legit?
PolygonThe PolygonPosEUR contract is a standard ERC-20 token implementation designed for the Polygon PoS bridge.
Read the full analysisEach 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
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 20, 2026
The 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.
0x4f92…2cbf0xba48…a0e40x052f…7cb60x869c…8b3c0x2b94…f6020x651a…2c9f0x871f…ad790xdf32…c13b0xaf1b…f0abNo privileged address appears among these holders: the unlocked liquidity sits with independent providers, not with the deployer.
The contract lets its controller — a 3-of-6 multisig — pause all transfers. Nothing independent vouches for whoever holds them, so each is a live risk to holders.
Check who holds these powers and whether a timelock or multisig stands between them and holders.
Acknowledged
0.0% of the pool's LP is burned or time-locked. 100.0% is held, unlocked, by 7 address(es) other than the owner/deployer. No single one holds a majority: their exits thin the market rather than hand anyone the pool. Some pools are concentrated-liquidity (V3/V4) positions; shares above are by position as GoPlus reports them. This assessment covers the main pool, which holds 35% of the token's DEX liquidity; the other pools were not assessed.
Check the lock's end date and beneficiary on the locker's own page before relying on it.
Acknowledged
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.
Re-check after any contract upgrade or ownership change, both of which can alter behaviour without changing this page.
Acknowledged
The ten largest holders own 15.2% of supply. Of that, 4.9% in DEX pools — not holders that can sell, so excluded from the concentration score. What remains: 1.9% in wallets, 8.4% in other contracts. 3,598 holders in total.
Watch the largest wallets that are not exchanges, pools or locks — those are the ones that can move the price.
Acknowledged
Listed on CoinGecko as Monerium EUR emoney [OLD] (EURE), market cap $26M, rank #719. 3,598 holders.
Match the contract address against the project's official channels before trading.
Acknowledged
Liquidity $180K (DexScreener, all pools). 24h trading volume $286K (CoinGecko, all markets, daily snapshot). 24h trading volume $50K (DexScreener, all pools).
Size any position to the liquidity and daily volume shown — they set how much you can sell and at what price.
Acknowledged
A token designed to hold a fixed value (usually $1). Its safety rests on what backs it and on who can mint, freeze or pause it. Its identity is not independently verified, so it gets none of the allowances an established stablecoin gets: every power its owner holds over supply and transfers is scored in full, because a peg is only as good as whoever can mint. Basis: CoinGecko category: EUR Stablecoin. Tokenomics — Supply: fixed — the contract has no mint function. Control: a 3-of-6 multisig. Code: not upgradeable (no proxy). Fees: no buy or sell tax. Market: $180K of DEX liquidity across 4 pools. Launch: 1374 days of market history.
Check what backs the peg and who controls supply: reserve attestations for an issuer-backed coin, collateral and governance for a protocol coin.
Acknowledged
The PolygonPosEUR contract is a standard ERC-20 token implementation designed for the Polygon PoS bridge. It utilizes a controller-based architecture to manage transfer logic and role-based access control for minting and deposits. The contract is managed by a multisig wallet, providing a robust security baseline for administrative actions.
The architecture follows standard bridge-compatible token patterns, separating core logic from a configurable controller. 7.1 Architecture and 7.2 Code Security are well-implemented, utilizing standard OpenZeppelin libraries. 7.3 Access Control is strictly enforced via roles for minting and ownership for administrative functions. The code is clean and follows established patterns for cross-chain token interoperability.
7.4 Economic and 7.5 Governance aspects are centralized under a multisig controller. The owner can update the controller contract, which dictates transfer fees and logic, representing a significant point of trust. 7.6 External dependencies are limited to the bridge infrastructure, which is standard for this asset class.
7.7 Upgrades are handled via the controller pattern, allowing for logic updates without replacing the token contract itself. 7.8 Operations are supported by standard recovery functions for ether and tokens, which are restricted to the owner. The upgrade path is transparent and requires multisig approval.
The protocol demonstrates a high standard of security through its use of established bridge patterns and multisig governance.
No vulnerabilities were identified in the current implementation. Maintain the multisig threshold and ensure that any future controller contract updates undergo rigorous testing and independent security review before deployment, as the controller holds significant authority over token transfer logic.
Free for any token on the record. It links to this page and always shows the current score and the date it was checked.
Score changes are recorded as dated snapshots — history is append-only and cannot be edited.
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