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Is Papertrade a Scam?

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

Papertrade PAPER
0x5f8f…ab07
Base
Not verifiedThis 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.
Last checked today 1 audit on record New Launch · 18h old
DexScreener ↗
How is this score calculated? → Medium Risk
Executive SummaryAI Copilot

The ClankerToken contract is an ERC-20 token with additional functionalities for cross-chain operations and administrative controls. While it implements standard token features, the audit identified significant centralization risks. Specifically, a designated 'SuperchainTokenBridge' address has the power to mint new tokens and burn tokens from any holder's balance, posing a high risk to token holders regarding dilution and arbitrary fund loss. An 'admin' address also controls metadata updates and can transfer its own administrative role.

1 Medium7 Informational
! Early-stage analysis. This token has limited on-chain history (18h old). New tokens carry elevated risk — data may change rapidly. Always verify independently before investing.
Volume 24h
$43.32M
Liquidity
$7.07M
Price
$0.00007143
Token Age
18h
Top 10 Holders
100.0%

Security Findings

1 Med7 Info
Medium

Liquidity not locked

QA-LIQUIDITY0.0% 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, 0xffa3…0762 — 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.
Issue0.0% 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, 0xffa3…0762 — 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.
FixCheck the lock's end date and beneficiary on the locker's own page before relying on it.
StatusAcknowledged
Info

Centralized Minting Capability

CP-01The `crosschainMint` function allows a specific controller, identified as `Predeploys.SUPERCHAIN_TOKEN_BRIDGE`, to create new Clanker tokens at any time. This means the total supply of tokens can be increased without limit. Ownership is renounced, so no one can call these functions now.
IssueThe `crosschainMint` function allows a specific controller, identified as `Predeploys.SUPERCHAIN_TOKEN_BRIDGE`, to create new Clanker tokens at any time. This means the total supply of tokens can be increased without limit. Ownership is renounced, so no one can call these functions now.
FixToken holders should be aware that the value of their tokens could be diluted if the `SUPERCHAIN_TOKEN_BRIDGE` address mints a large number of new tokens. Transparency regarding minting policies and operations by the controlling entity is crucial.
StatusUnresolved
Info

Centralized Token Burning Authority

CP-02The `crosschainBurn` function grants the `Predeploys.SUPERCHAIN_TOKEN_BRIDGE` address the ability to burn (destroy) Clanker tokens from any holder's wallet. This means tokens can be removed from your balance without your consent. Ownership is renounced, so no one can call these functions now.
IssueThe `crosschainBurn` function grants the `Predeploys.SUPERCHAIN_TOKEN_BRIDGE` address the ability to burn (destroy) Clanker tokens from any holder's wallet. This means tokens can be removed from your balance without your consent. Ownership is renounced, so no one can call these functions now.
FixToken holders face a risk of arbitrary loss of funds if the `SUPERCHAIN_TOKEN_BRIDGE` address misuses its power to burn tokens. It is important to understand the operational policies and security measures surrounding this controlling address.
StatusUnresolved
Info

Who holds the supply

QA-HOLDERSThe ten largest holders own 100.0% of supply. What remains: 1.0% in wallets, 99.0% in other contracts. 5,247 holders in total.
IssueThe ten largest holders own 100.0% of supply. What remains: 1.0% in wallets, 99.0% in other contracts. 5,247 holders in total.
FixWatch the largest wallets that are not exchanges, pools or locks — those are the ones that can move the price.
StatusAcknowledged
Info

Not listed by any independent source

QA-IDENTITY5,247 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.
Issue5,247 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.
FixMatch the contract address against the project's official channels before trading.
StatusAcknowledged
Info

The market for this token

QA-MARKETLiquidity $7.1M (DexScreener, all pools). 24h trading volume $43.3M (DexScreener, all pools).
IssueLiquidity $7.1M (DexScreener, all pools). 24h trading volume $43.3M (DexScreener, all pools).
FixSize any position to the liquidity and daily volume shown — they set how much you can sell and at what price.
StatusAcknowledged
Info

Asset class: Project token

QA-PROFILEA 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: nobody (ownership renounced). Code: not upgradeable (no proxy). Fees: no buy or sell tax. Market: $7.1M of DEX liquidity across 2 pools. Launch: under a day of market history.
IssueA 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: nobody (ownership renounced). Code: not upgradeable (no proxy). Fees: no buy or sell tax. Market: $7.1M of DEX liquidity across 2 pools. Launch: under a day of market history.
FixCheck the project's own documentation for what the token is used for; this report covers what the contract allows.
StatusAcknowledged
Info

Recently launched — less than a day of market history

QA-RECENTThe 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.
IssueThe 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.
FixRe-check ownership, liquidity and holder distribution as the token matures; those are the facts that move early.
StatusAcknowledged

Category Ratings

TechnicalLow8/10

The ClankerToken contract implements the ERC-20 standard, providing standard token functionalities like transfer and balance checks (7.1 Architecture). The code includes privileged functions such as `updateAdmin`, `updateImage`, and `updateMetadata`, restricted to an `_admin` address. Crucially, the `crosschainMint` and `crosschainBurn` functions, controlled by `Predeploys.SUPERCHAIN_TOKEN_BRIDGE`, allow for the creation of new tokens and the burning of tokens from any address, posing significant technical risks (7.2 Code Security, 7.3 Access Control).

GovernanceHigh1/10

The economic model of the ClankerToken is subject to significant centralized control (7.4 Economic). The `Predeploys.SUPERCHAIN_TOKEN_BRIDGE` address has the power to mint an arbitrary amount of new tokens via `crosschainMint`, which can dilute the value for all existing token holders. Furthermore, this same address can burn tokens from any holder's balance using `crosschainBurn`, directly impacting individual token ownership and trust in the token's stability (7.5 Governance).

UpgradesMedium5/10

The ClankerToken contract is not designed as an upgradeable proxy, meaning its logic cannot be changed after deployment (7.7 Upgrades). This provides certainty regarding the immutability of the contract's core functionality. However, any discovered vulnerabilities or desired feature enhancements would necessitate a new contract deployment and migration process.

Security Checklist

3/5 checks passed
Contract VerifiedPass
Ownership RenouncedPass
No Mint FunctionFail
Liquidity LockedFail
Not a ProxyPass
HoneypotNoneBuy Tax0.0%Sell Tax0.0%

Holder Composition

100.0% in top 10
1.0% in wallets99.0% in contracts
Effective Concentration40.6%

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.

Liquidity Depth

$7.07M across 2 pairs
AerodromeUSDCanalysed$7.07M100.0%Uniswap v4WETH$00.0%

The risk score reads depth across every pair. The volume figure and the volume-to-liquidity ratio elsewhere on this page describe only the pair this audit analysed, so the two are not directly comparable.

LP Distribution

Top-1 Unlocked Holder100.0%
Top-3 Unlocked100.0%

Key Addresses

2 addresses
Deployer
0x010e…6c69
Unlocked LP Held By
0xffa3…0762

What Raised This Score

3 factors
  • 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 → 40.6% effective; 1.0% in EOAs, 99.0% in contracts)

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

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