Early-stage security check — honeypot & rug-pull analysis
The DERC20 contract is a standard ERC-20 implementation with added governance, voting, and vesting capabilities.
Read the full analysisEach 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
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
The risk score reads depth across every pair.
Whether the LP tokens are locked could not be determined.
The owner has the ability to call updateMintRate and release, which directly increases the total supply of the token. This allows the owner to dilute existing holders at their discretion.
Implement a time-lock or move the ownership to a decentralized governance DAO to ensure that supply changes are subject to community consensus.
Unresolved
The owner can toggle the isPoolUnlocked switch via lockPool and unlockPool, effectively freezing or unfreezing transfers for specific pools. This gives the owner the power to censor transactions.
Restrict the ability to lock/unlock pools to a decentralized governance process or remove the functionality if it is not strictly required for protocol operation.
Unresolved
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%. 10,023 holders in total.
Watch the largest wallets that are not exchanges, pools or locks — those are the ones that can move the price.
Acknowledged
10,023 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.
Match the contract address against the project's official channels before trading.
Acknowledged
Liquidity $189K (DexScreener, all pools). 24h trading volume $2.6M (DexScreener, all pools).
Size any position to the liquidity and daily volume shown — they set how much you can sell and at what price.
Acknowledged
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: $189K of DEX liquidity across 1 pools. Launch: under a day of market history.
Check the project's own documentation for what the token is used for; this report covers what the contract allows.
Acknowledged
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.
Re-check ownership, liquidity and holder distribution as the token matures; those are the facts that move early.
Acknowledged
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 level of administrative control over token supply and transferability presents a significant centralization risk.
The architecture utilizes robust, battle-tested OpenZeppelin libraries for ERC-20 and governance features. Code security is high, with clear separation of concerns and standard implementation of 7.1 Architecture and 7.2 Code Security. However, the reliance on manual state updates for inflation and vesting requires careful operational oversight to prevent 7.8 Operations errors.
The economic model is heavily centralized, granting the owner full control over 7.4 Economic parameters like minting rates. 7.5 Governance is currently limited to the owner, which may lead to 7.3 Access Control concerns regarding trust. Future decentralization of these roles is recommended to improve the protocol's resilience.
The contract is not currently using a proxy pattern, meaning 7.7 Upgrades are not possible without a migration. This provides immutability but lacks flexibility for future patches. The absence of upgradeability simplifies the security model but requires high confidence in the initial deployment.
It is recommended to transition the owner role to a multi-signature wallet or a decentralized governance contract to mitigate the risks associated with centralized control.
Additionally, implementing a time-lock mechanism for sensitive functions like updateMintRate would provide transparency and prevent sudden, unauthorized changes to the token supply.
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Score changes are recorded as dated snapshots — history is append-only and cannot be edited.
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