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 liquidity pool access. While the code follows standard OpenZeppelin patterns, the high level of administrative control over supply and transferability introduces significant trust requirements for 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- Owner can pause all transfers
- 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%
Exact factors
- Owner can pause all transfers
- 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)
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 Control
The owner can call updateMintRate and release to 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 can call updateMintRate and release to 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 timelock for minting operations or transition ownership to a DAO to ensure community oversight of supply changes.
Status
Unresolved
MediumCentralized Transfer Control
The owner can use lockPool and unlockPool to toggle the ability for users to transfer tokens. This gives the owner the power to freeze user funds or restrict trading activity entirely.CP-05
Issue
The owner can use lockPool and unlockPool to toggle the ability for users to transfer tokens. This gives the owner the power to freeze user funds or restrict trading activity entirely.
Fix
Remove the ability to arbitrarily lock transfers, or restrict this functionality to a decentralized emergency pause mechanism with a clear, public-facing policy.
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%. 12,033 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%. 12,033 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
12,033 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
12,033 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 $455K (DexScreener, all pools). 24h trading volume $691K (DexScreener, all pools).QA-MARKET
Issue
Liquidity $455K (DexScreener, all pools). 24h trading volume $691K (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: $455K 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: $455K 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 architecture utilizes robust OpenZeppelin standards for ERC-20, Votes, and Permits, ensuring 7.1 Architecture and 7.2 Code Security compliance. 7.3 Access Control is implemented via standard Ownable, though it grants extensive power to the owner. 7.6 External dependencies are limited to well-audited libraries, minimizing integration risks.
7.4 Economic and 7.5 Governance aspects are heavily centralized. The owner has the ability to mint tokens and halt transfers, which directly impacts 7.8 Operations. While inflation is capped at 2% annually, the lack of a timelock or multi-sig requirement for these actions increases the risk of misuse.
The contract is not upgradeable, which eliminates 7.7 Upgrades risk. The logic is immutable, ensuring that the current rules cannot be altered by proxy changes. This provides transparency but prevents emergency patching of the existing logic.
To improve security, consider transitioning ownership to a multi-signature wallet or a decentralized governance contract to remove single points of failure.
Implementing a timelock on sensitive functions like updateMintRate would provide the community with visibility and time to react to significant economic changes. Ensure that all administrative actions are logged via events to maintain an audit trail for token holders. Regularly monitor the contract state to ensure that the pool locking mechanism is not used to unfairly restrict liquidity.
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, 202657Medium
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 0x8cfc70c49eb11199f5bc6f5a3f8035c9703d2822. 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 57/100 (Medium risk) as of Oct 24, 2026, computed by a deterministic function from on-chain facts — Contract verified: 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 12,033 holders. The Holders section on this page shows who they are by holder type.
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