Quantum Audit Logo
Launch App

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

Is National Oil Dividend Fund a Scam?

NODFBase
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 Oct 25, 2026 · 1 audit on recordNew Launch · 16h old
SummaryAI Copilot

The DERC20 contract is a standard ERC-20 implementation with added governance, voting, and vesting capabilities.

Read the full analysis
What raised the score
  • Owner can pause all transfers
  • A privileged address controls a switch that decides whether transfers go through
  • Mintable supply — no cap found, dilution unbounded
  • Liquidity not locked
  • 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
  • Liquidity NOT locked (100% of the pool) — who holds it cannot be verified
  • 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

Early-stage analysis. This token has limited on-chain history (16h old). New tokens carry elevated risk — data may change rapidly. Always verify independently before investing.

Security Checklist

as of audit · Oct 254 of 7 checks passed
Contract verifiedVerified
OwnershipRetained
MintMintable
Liquidity lockNot locked
UpgradeabilityFixed code
HoneypotNone found
Buy / sell tax0% / 0%

Holders

as of audit · Oct 25, 20264,018 holders
80.0%Contracts16.2%Wallets3.8%
80.0%Contracts16.2%Wallets3.8%
ContractsWalletsBurnedBubble area = share of supply
100.0%of supply sits with the top 10 holders
  • Contractstreasury, vesting, bridge, staking80.0%
  • Walletsanonymous holders, free to sell16.2%
  • Burnedout of circulation3.8%
Effective concentrationwhat the score reads48.2%
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 Oct 25, 2026

Liquidity

as of audit · Oct 25$99.5K

The risk score reads depth across every pair.

LP tokensNot locked

The LP tokens of the analysed pool are not locked or burned, so whoever holds them can withdraw that liquidity.

Analysed pool$99.5KShare of depth100.0%
Top-1 Unlocked Holder100.0%
Top-3 Unlocked100.0%
Unlocked LP held by
0x6fb9…43bf

Security Findings

3 Medium5 Info
Medium

Centralized Control Over Token Supply

The owner has the authority to call updateMintRate and release, which can increase the total supply of tokens. This allows the owner to dilute the holdings of all existing token holders at their discretion.CP-01

Issue

The owner has the authority to call updateMintRate and release, which can increase the total supply of tokens. This allows the owner to dilute the holdings of all existing token holders at their discretion.

Fix

Implement a timelock for supply-changing functions or transition ownership to a decentralized governance model to ensure community oversight.

Status

Unresolved

Medium

Centralized Control Over Transferability

The owner can use lockPool and unlockPool to toggle the transferability of tokens. This gives the owner the power to effectively freeze user assets or halt trading activity at any time.CP-05

Issue

The owner can use lockPool and unlockPool to toggle the transferability of tokens. This gives the owner the power to effectively freeze user assets or halt trading activity at any time.

Fix

Remove the ability to arbitrarily lock transfers or implement a clear, transparent policy for when such actions are permissible, ideally governed by a community vote.

Status

Unresolved

Medium

Liquidity not locked

0.0% of the pool's LP is burned or time-locked. 100.0% is held, unlocked, by 1 address(es) other than the owner/deployer. One of them — a contract, 0x6fb9…43bf — holds 100.0% and can remove that share at once; who controls it is not visible on-chain, so it is not treated as an independent provider. Some pools are concentrated-liquidity (V3/V4) positions; shares above are by position as GoPlus reports them.QA-LIQUIDITY

Issue

0.0% of the pool's LP is burned or time-locked. 100.0% is held, unlocked, by 1 address(es) other than the owner/deployer. One of them — a contract, 0x6fb9…43bf — holds 100.0% and can remove that share at once; who controls it is not visible on-chain, so it is not treated as an independent provider. 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

Who 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%. 4,018 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%. 4,018 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

4,018 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

4,018 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

The market for this token

Liquidity $99K (DexScreener, all pools). 24h trading volume $94K (DexScreener, all pools).QA-MARKET

Issue

Liquidity $99K (DexScreener, all pools). 24h trading volume $94K (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: mintable with no on-chain cap found. Control: a ProxyAdmin contract. Code: not upgradeable (no proxy). Fees: no buy or sell tax. Market: $99K 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: $99K 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

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 · Oct 25
Executive SummaryWhat the contract is and what the review found

The DERC20 contract is a standard ERC-20 implementation with added governance, voting, and vesting capabilities. The protocol relies on a centralized owner to manage inflation rates and pool access. While the code follows standard OpenZeppelin patterns, the high degree of administrative control over token supply and transferability presents a significant centralization risk to token holders.

Technical8/10Low risk

The architecture leverages well-audited OpenZeppelin libraries for ERC-20, voting, and permit functionality. 7.1 Architecture and 7.2 Code Security are robust, utilizing standard patterns for state management. 7.3 Access Control is strictly enforced via Ownable, though the scope of privileged functions is broad. 7.6 External dependencies are limited to standard libraries, minimizing integration risks.

Governance1/10High risk

7.4 Economic and 7.5 Governance aspects are heavily centralized under the owner. The owner has the ability to mint new tokens up to a 2% annual cap, which directly impacts holder value. 7.8 Operations are dependent on the owner's willingness to maintain the pool status, creating a single point of failure for liquidity or transferability.

Upgrades3/10High risk

7.7 Upgrades are not applicable as the contract is not a proxy. The logic is immutable, which provides security against malicious logic updates but prevents emergency patching. Future changes would require a migration to a new contract address.

Final RecommendationWhat to do about this score

To improve security, consider transitioning the ownership to a multi-signature wallet or a decentralized governance contract (DAO) to mitigate the risk of a single compromised key.

Additionally, implementing a timelock on sensitive functions like updateMintRate would provide transparency and allow the community to react to supply changes before they occur.

Contract & Record

1 audit on record
TypeToken
NetworkBase
Token age16h
Contract0x9438…b032
Deployer0x0f5e…51e7
Badge for your website
National Oil Dividend Fund security record badge

Free for any token on the record. It links to this page and always shows the current score and the date it was checked.

Audit History
  1. Oct 25, 202660Medium

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 0x9438bb8c591919d319de52f38b02b043648ab032. 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 60/100 (Medium risk) as of Oct 25, 2026, computed by a deterministic function from on-chain facts — Contract verified: Verified; Ownership: Retained; Mint: Mintable; Liquidity lock: Not locked; 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.

Is NODF liquidity locked?

Liquidity lock: Not locked (as of Oct 25, 2026). Total DEX liquidity: $99.5K.

Who holds NODF?

As of Oct 25, 2026, the 10 largest holders own 100.0% of the supply across 4,018 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