The NEXST token contract implements standard ERC-20 functionality with additional features like pausing, blacklisting, and minting. It leverages OpenZeppelin's AccessControl and Ownable for managing permissions. The contract exhibits a high degree of centralized control, with specific roles or the owner able to mint new tokens, pause all transfers, and blacklist individual addresses. These centralized powers, while managed by a multisig owner, introduce potential economic and operational risks.

On-chain security analysis — is it a scam or legit?
Is NEXST Safe?
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 NEXST token contract implements standard ERC-20 functionality with additional features like pausing, blacklisting, and minting.
Read the full analysis- Owner can pause all transfers
- Owner can blacklist or freeze individual holders
- Mintable supply — no cap found, dilution unbounded
- Liquidity not locked
- Top-10 concentration > 30%
Exact factors
- Owner can pause all transfers
- Owner can blacklist or freeze individual holders
- 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 → 40.0% effective; 0.0% in EOAs, 100.0% in contracts; deployer/owner holds 24.2%)
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 16Holders
as of audit · Oct 16, 2026- Contractstreasury, vesting, bridge, staking100.0%
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 16, 2026
Liquidity
as of audit · Oct 16The 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.
Security Findings
HighWho holds the supply
The ten largest holders own 100.0% of supply. What remains: 0.0% in wallets, 100.0% in other contracts. The deployer/owner wallet itself holds 24.2%. A holder that also controls the contract can sell into its own liquidity. 1 holders in total.QA-HOLDERS
Issue
The ten largest holders own 100.0% of supply. What remains: 0.0% in wallets, 100.0% in other contracts. The deployer/owner wallet itself holds 24.2%. A holder that also controls the contract can sell into its own liquidity. 1 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
MediumCentralized Minting Capability
A specific role has the power to create new NEXST tokens at any time by calling the mint(address,uint256) function. This means the total supply of NEXST tokens can be increased arbitrarily, which could dilute the value of existing tokens held by others.CP-01
Issue
A specific role has the power to create new NEXST tokens at any time by calling the mint(address,uint256) function. This means the total supply of NEXST tokens can be increased arbitrarily, which could dilute the value of existing tokens held by others.
Fix
Token holders should be aware that the supply of NEXST tokens is not fixed and can be increased by the designated MINTER_ROLE. The project team should clearly communicate the policies and circumstances under which new tokens will be minted.
Status
Unresolved
MediumCentralized Transfer Pause
The contract owner has the ability to temporarily stop all NEXST token transfers by calling the pause() function. They can also resume transfers using unpause(). This means the owner can prevent token holders from moving or selling their tokens at any time, potentially impacting liquidity and market access.CP-04
Issue
The contract owner has the ability to temporarily stop all NEXST token transfers by calling the pause() function. They can also resume transfers using unpause(). This means the owner can prevent token holders from moving or selling their tokens at any time, potentially impacting liquidity and market access.
Fix
Token holders should understand that their ability to transfer NEXST tokens can be halted by the contract owner. The project team should establish and communicate clear policies for when and why the pause functionality would be used, and ideally, implement a timelock for such critical actions.
Status
Unresolved
MediumCentralized Blacklisting Capability
The contract owner can prevent specific addresses from transferring or receiving NEXST tokens by adding them to a blacklist using the setBlacklist(address,bool) function. This allows the owner to freeze funds or restrict access for individual token holders without their consent.CP-06
Issue
The contract owner can prevent specific addresses from transferring or receiving NEXST tokens by adding them to a blacklist using the setBlacklist(address,bool) function. This allows the owner to freeze funds or restrict access for individual token holders without their consent.
Fix
Token holders should be aware that their address can be blacklisted by the contract owner, preventing them from interacting with their NEXST tokens. The project team should provide transparent guidelines on the criteria for blacklisting and consider mechanisms for dispute resolution.
Status
Unresolved
InfoListed, but not independently verified
Listed on CoinGecko as NEXST (NXT), market cap $13M, rank #1082. 1 holders.QA-IDENTITY
Issue
Listed on CoinGecko as NEXST (NXT), market cap $13M, rank #1082. 1 holders.
Fix
Match the contract address against the project's official channels before trading.
Status
Acknowledged
InfoThe market for this token
Liquidity $814K (DexScreener, all pools). 24h trading volume $2.3M (CoinGecko, all markets, daily snapshot). 24h trading volume $1.4M (DexScreener, all pools).QA-MARKET
Issue
Liquidity $814K (DexScreener, all pools). 24h trading volume $2.3M (CoinGecko, all markets, daily snapshot). 24h trading volume $1.4M (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 3-of-5 multisig. Code: not upgradeable (no proxy). Fees: no buy or sell tax. Market: $814K of DEX liquidity across 1 pools. Launch: 157 days 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 3-of-5 multisig. Code: not upgradeable (no proxy). Fees: no buy or sell tax. Market: $814K of DEX liquidity across 1 pools. Launch: 157 days 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
Analysis
AI Copilotas of audit · Oct 16The NEXST token contract is built upon robust OpenZeppelin standards, inheriting from ERC20, Pausable, ERC20Capped, ERC20Burnable, and AccessControl. This provides a solid foundation for token operations and access management (7.1 Architecture). Key functions like mint, pause, unpause, setBlacklist, and rescueTokens are appropriately restricted to specific roles or the contract owner, demonstrating a structured approach to permissions (7.3 Access Control). However, the centralized control over these critical functions, such as the ability to mint new tokens (7.2 Code Security) and pause all transfers (7.8 Operations), introduces technical risks if the controlling keys are compromised or misused.
The economic model of the NEXST token is significantly influenced by centralized governance. The ability for a privileged role to mint new tokens (7.4 Economic) allows for arbitrary supply inflation, potentially diluting existing token holders. Furthermore, the owner's power to pause all token transfers and setBlacklist individual addresses (7.4 Economic, 7.5 Governance) grants substantial control over the token's liquidity and user access. While the owner is a 3/5 multisig, which enhances security against a single point of failure, these centralized powers still represent a considerable governance and economic risk.
The NEXST token contract is not designed as an upgradeable proxy (7.7 Upgrades), meaning its logic cannot be modified after deployment. This eliminates upgrade-related risks such as proxy misconfigurations or malicious upgrade implementations. However, it also means that any discovered vulnerabilities or desired feature changes would necessitate a new contract deployment and a token migration process.
It is crucial for token holders to understand the significant centralized control inherent in the NEXST token contract.
The project team should clearly communicate the operational policies and security measures surrounding the multisig owner and the MINTER_ROLE to ensure transparency. Consider implementing a timelock for critical administrative actions like minting or pausing to provide a window for community review and reaction. Additionally, explore options for progressive decentralization of these powers over time, such as integrating a community governance mechanism for key decisions, to reduce reliance on a centralized entity.
Contract & Record
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