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.
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 implementation with added governance, voting, 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
- 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
Security Checklist
as of audit · Oct 25Holders
as of audit · Oct 25, 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 25, 2026
Liquidity
as of audit · Oct 25The 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.
0x6fb9…43bfSecurity Findings
MediumCentralized 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
MediumCentralized 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
MediumLiquidity 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
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%. 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
InfoNot 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
InfoThe 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
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: $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
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 25The 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.
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.
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.
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
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 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