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Is Papertrade a Scam?

PAPERBase
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 24, 2026 · 1 audit on recordNew Launch · 1h old
SummaryAI Copilot

ClankerToken is an ERC-20 compliant token on the Base network designed for cross-chain interoperability via the Superchain Token Bridge.

Read the full analysis
What raised the score
  • Mintable supply — no cap found, dilution unbounded
  • Liquidity not locked
  • Top-10 concentration > 30%
Exact 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; deployer/owner holds 100.0%)

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 (1h old). New tokens carry elevated risk — data may change rapidly. Always verify independently before investing.

Security Checklist

as of audit · Oct 245 of 7 checks passed
Contract verifiedVerified
OwnershipRenounced
MintMintable
Liquidity lockNot locked
UpgradeabilityFixed code
HoneypotNone found
Buy / sell tax0% / 0%

Holders

as of audit · Oct 24, 20263,254 holders
99.0%Contracts
99.0%Contracts
ContractsWalletsBubble area = share of supply
100.0%of supply sits with the top 10 holders
  • Contractstreasury, vesting, bridge, staking99.0%
  • Walletsanonymous holders, free to sell1.0%
Effective concentrationwhat the score reads40.6%
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 24, 2026

Liquidity

as of audit · Oct 24$10.31M across 2 pairs

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$10.31MShare of depth100.0%
Top-1 Unlocked Holder100.0%
Top-3 Unlocked100.0%
Unlocked LP held by
0xffa3…0762

Security Findings

1 High1 Medium6 Info
High

Who holds the supply

The ten largest holders own 100.0% of supply. What remains: 1.0% in wallets, 99.0% in other contracts. The deployer/owner wallet itself holds 100.0%. A holder that also controls the contract can sell into its own liquidity. 3,254 holders in total.QA-HOLDERS

Issue

The ten largest holders own 100.0% of supply. What remains: 1.0% in wallets, 99.0% in other contracts. The deployer/owner wallet itself holds 100.0%. A holder that also controls the contract can sell into its own liquidity. 3,254 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

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, 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.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, 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.

Fix

Check the lock's end date and beneficiary on the locker's own page before relying on it.

Status

Acknowledged

Info

Centralized Minting Authority

The crosschainMint function allows the bridge contract to increase the total supply of the token at any time. This can lead to the dilution of existing token holders' value if the bridge is compromised or misconfigured. Ownership is renounced, so no one can call these functions now.CP-01

Issue

The crosschainMint function allows the bridge contract to increase the total supply of the token at any time. This can lead to the dilution of existing token holders' value if the bridge is compromised or misconfigured. Ownership is renounced, so no one can call these functions now.

Fix

Monitor the bridge contract's activity and ensure that the bridge governance is sufficiently decentralized or secured by a multi-signature mechanism.

Status

Unresolved

Info

Bridge-Controlled Balance Manipulation

The crosschainBurn function grants the bridge contract the authority to remove tokens from any user's balance. While intended for cross-chain transfers, this function provides the bridge with the capability to unilaterally reduce any holder's balance. Ownership is renounced, so no one can call these functions now.CP-02

Issue

The crosschainBurn function grants the bridge contract the authority to remove tokens from any user's balance. While intended for cross-chain transfers, this function provides the bridge with the capability to unilaterally reduce any holder's balance. Ownership is renounced, so no one can call these functions now.

Fix

Verify that the bridge contract's logic is audited and that access to the bridge's administrative functions is strictly controlled to prevent unauthorized burning of user assets.

Status

Unresolved

Info

Not listed by any independent source

3,254 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

3,254 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 $10.3M (DexScreener, all pools). 24h trading volume $53.4M (DexScreener, all pools).QA-MARKET

Issue

Liquidity $10.3M (DexScreener, all pools). 24h trading volume $53.4M (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

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: nobody (ownership renounced). Code: not upgradeable (no proxy). Fees: no buy or sell tax. Market: $10.3M of DEX liquidity across 2 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: nobody (ownership renounced). Code: not upgradeable (no proxy). Fees: no buy or sell tax. Market: $10.3M of DEX liquidity across 2 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 24
Executive SummaryWhat the contract is and what the review found

ClankerToken is an ERC-20 compliant token on the Base network designed for cross-chain interoperability via the Superchain Token Bridge. The contract implements standard OpenZeppelin libraries for voting and burning. The primary risks involve centralized control over token supply and the ability of the bridge contract to modify user balances.

Technical8/10Low risk

The architecture follows standard ERC-20 and ERC-7802 patterns, ensuring compatibility with cross-chain infrastructure. 7.1 Architecture is robust, utilizing well-audited OpenZeppelin components for 7.2 Code Security. 7.3 Access Control is strictly enforced via the Superchain Token Bridge for cross-chain operations. 7.6 External dependencies are limited to standard pre-deployed bridge contracts.

Governance1/10High risk

7.4 Economic and 7.5 Governance risks are centered on the centralized authority granted to the bridge and the admin role. While the bridge is a system-level component, its ability to burn tokens from any address represents a significant trust assumption. 7.8 Operations are simplified by the clear separation of administrative metadata updates and cross-chain logic.

Upgrades5/10Medium risk

The contract does not utilize a proxy pattern, meaning 7.7 Upgrades are not applicable in the traditional sense. The logic is immutable, providing transparency to token holders. Future changes would require a full contract migration.

Final RecommendationWhat to do about this score

Token holders should be aware that the Superchain Token Bridge holds the authority to mint and burn tokens as part of its cross-chain functionality.

This is a standard requirement for bridge-enabled assets but represents a centralized point of failure. Ensure that the admin address is managed via a multi-signature wallet or a decentralized governance contract to mitigate the risk of unauthorized metadata or admin changes. No further code changes are required as the current implementation correctly follows the intended cross-chain bridge architecture.

Contract & Record

1 audit on record
TypeClankerToken
NetworkBase
Token age1h
Contract0xbec0…3b07
Deployer0x010e…6c69
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Audit History
  1. Oct 24, 202660Medium

Score changes are recorded as dated snapshots — history is append-only and cannot be edited.

Frequently Asked Questions

What is the PAPER contract address?

The Papertrade (PAPER) contract on Base is 0xbec0c62384de58cd1336897236cf71bfd6883b07. Compare it with the address the project itself publishes before trading: other contracts can carry the same name and ticker.

Is Papertrade a scam?

Quantum Audit's risk score for Papertrade is 60/100 (Medium risk) as of Oct 24, 2026, computed by a deterministic function from on-chain facts — Contract verified: Verified; Ownership: Renounced; 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 PAPER liquidity locked?

Liquidity lock: Not locked (as of Oct 24, 2026). Total DEX liquidity: $10.31M.

Who holds PAPER?

As of Oct 24, 2026, the 10 largest holders own 100.0% of the supply across 3,254 holders. The Holders section on this page shows who they are by holder type.

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