The DERC20 contract is a standard ERC-20 token with governance and vesting capabilities. The protocol relies on a centralized owner to manage inflation and transfer restrictions. While the code follows standard OpenZeppelin patterns, the high degree of administrative control poses a significant centralization risk to token holders.
Early-stage security check — honeypot & rug-pull analysis
Is National Oil Dividend Fund 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 and vesting capabilities.
Read the full analysis- A privileged address controls a switch that decides whether transfers go through
- Mintable supply — no cap found, dilution unbounded
- LP lock status UNKNOWN — the pool's LP could not be read
- Top-10 concentration > 30%
- Contract source not verified — its logic cannot be read
Exact factors
- A privileged address controls a switch that decides whether transfers go through
- Mintable supply — no cap found, dilution unbounded
- LP lock status UNKNOWN — the pool's LP could not be read
- Top-10 concentration > 30% (100.0% total → 48.2% effective; 16.2% in EOAs, 80.0% in contracts; 3.8% burned, locked or in pools excluded)
- Contract source NOT verified — its logic cannot be read
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 24Holders
as of audit · Oct 24, 2026- Contractstreasury, vesting, bridge, staking80.0%
- Walletsanonymous holders, free to sell16.2%
- Burnedout of circulation3.8%
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 24, 2026
Liquidity
as of audit · Oct 24The risk score reads depth across every pair.
Whether the LP tokens are locked could not be determined.
Security Findings
MediumCentralized Minting Authority
The owner has the ability to call updateMintRate and release, which can increase the total supply of the token. This allows the owner to dilute the holdings of all existing token holders at their discretion.CP-01
Issue
The owner has the ability to call updateMintRate and release, which can increase the total supply of the token. This allows the owner to dilute the holdings of all existing token holders at their discretion.
Fix
Implement a hard cap on the total supply or move the minting authority to a decentralized governance contract that requires a community vote for any supply increases.
Status
Unresolved
MediumCentralized Control Over Token Transfers
The owner can use the lockPool and unlockPool functions to enable or disable token transfers. This gives the owner the power to effectively freeze the liquidity of the token for all users.CP-05
Issue
The owner can use the lockPool and unlockPool functions to enable or disable token transfers. This gives the owner the power to effectively freeze the liquidity of the token for all users.
Fix
Remove the ability to pause transfers or restrict this functionality to a time-bound emergency pause mechanism that is controlled by a decentralized security council.
Status
Unresolved
InfoWho holds the supply
The ten largest holders own 100.0% of supply. Of that, 3.8% burned — not holders that can sell, so excluded from the concentration score. What remains: 16.2% in wallets, 80.0% in other contracts. The deployer/owner wallet itself holds 16.2%. 9,899 holders in total.QA-HOLDERS
Issue
The ten largest holders own 100.0% of supply. Of that, 3.8% burned — not holders that can sell, so excluded from the concentration score. What remains: 16.2% in wallets, 80.0% in other contracts. The deployer/owner wallet itself holds 16.2%. 9,899 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
9,899 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
9,899 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 $705K (DexScreener, all pools). 24h trading volume $3.6M (DexScreener, all pools).QA-MARKET
Issue
Liquidity $705K (DexScreener, all pools). 24h trading volume $3.6M (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: $705K 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: $705K 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 24The contract utilizes well-audited OpenZeppelin libraries for ERC-20, Votes, and Permit functionality. 7.1 Architecture is modular, and 7.2 Code Security is high due to the use of standard, battle-tested primitives. 7.3 Access Control is strictly enforced via Ownable, though it grants extensive power to the owner. 7.8 Operations are straightforward, with clear separation between minting and vesting logic.
7.4 Economic and 7.5 Governance risks are elevated due to the owner's ability to unilaterally mint tokens and halt transfers. The owner can trigger inflation via updateMintRate, directly impacting token value. Furthermore, the lockPool/unlockPool mechanism allows the owner to freeze liquidity, which is a significant risk for decentralized trading.
7.7 Upgrades are not supported as the contract is not a proxy. The logic is immutable, which provides security against malicious logic updates but prevents emergency patching. This design choice prioritizes transparency over flexibility.
To mitigate centralization risks, it is recommended to transition ownership to a multi-signature wallet or a decentralized governance contract (DAO).
This would ensure that critical actions like minting or freezing pools require community consensus rather than a single point of failure. Additionally, consider implementing a timelock for all privileged functions. A delay of 24-48 hours on administrative actions would provide token holders with sufficient time to react to changes in the protocol's economic parameters or transfer rules.
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 24, 202676High
Score changes are recorded as dated snapshots — history is append-only and cannot be edited.
Frequently Asked Questions
What is the NODF contract address?
The National Oil Dividend Fund (NODF) contract on Base is 0xdc6db008ee1f26566bfba4d97d4ec0f60a5fd29f. Compare it with the address the project itself publishes before trading: other contracts can carry the same name and ticker.
Is National Oil Dividend Fund a scam?
Quantum Audit's risk score for National Oil Dividend Fund is 76/100 (High risk) as of Oct 24, 2026, computed by a deterministic function from on-chain facts — Contract verified: Not verified; Ownership: Retained; Mint: Mintable; 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.
Who holds NODF?
As of Oct 24, 2026, the 10 largest holders own 100.0% of the supply across 9,899 holders. The Holders section on this page shows who they are by holder type.
Would You Like a More Detailed Audit of National Oil Dividend Fund?
This token is brand new. Run a deeper AI-powered analysis of the contract code — free and instant.
Get Detailed Audit Is this your token? Publish your own audit on this page