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Is Papertrade Safe?

PAPERBase
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Last checked Nov 7, 2026 · 1 audit on record
SummaryAI Copilot

The ClankerToken is a standard ERC-20 implementation with cross-chain capabilities integrated 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)

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 · Nov 75 of 7 checks passed
Contract verifiedVerified
OwnershipRenounced
MintMintable
Liquidity lockNot locked
UpgradeabilityFixed code
HoneypotNone found
Buy / sell tax0% / 0%

Holders

as of audit · Nov 7, 20265,337 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 Nov 7, 2026

Liquidity

as of audit · Nov 7$10.33M

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$10.33MShare of depth100.0%
Top-1 Unlocked Holder100.0%
Top-3 Unlocked100.0%
Unlocked LP held by
0xffa3…0762

Security Findings

1 Medium6 Info
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

Privileged Minting Capability

The crosschainMint function allows the Superchain Token Bridge to create new tokens at any time. This increases the total supply and dilutes the value held by existing token holders. Ownership is renounced, so no one can call these functions now.CP-01

Issue

The crosschainMint function allows the Superchain Token Bridge to create new tokens at any time. This increases the total supply and dilutes the value held by existing token holders. Ownership is renounced, so no one can call these functions now.

Fix

Ensure that the bridge contract is secured and that minting events are monitored by the community to detect unexpected supply inflation.

Status

Unresolved

Info

Privileged Balance Modification

The crosschainBurn function allows the Superchain Token Bridge to remove tokens from any user's balance. This grants the bridge controller the power to effectively seize or destroy tokens held by any address. Ownership is renounced, so no one can call these functions now.CP-02

Issue

The crosschainBurn function allows the Superchain Token Bridge to remove tokens from any user's balance. This grants the bridge controller the power to effectively seize or destroy tokens held by any address. Ownership is renounced, so no one can call these functions now.

Fix

Restrict the use of burn operations to only those initiated by the token owner or strictly defined cross-chain protocols, and implement transparency logs for all burn actions.

Status

Unresolved

Info

Who holds the supply

The ten largest holders own 100.0% of supply. What remains: 1.0% in wallets, 99.0% in other contracts. 5,337 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. 5,337 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

Info

Not listed by any independent source

5,337 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

5,337 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 $64.2M (DexScreener, all pools).QA-MARKET

Issue

Liquidity $10.3M (DexScreener, all pools). 24h trading volume $64.2M (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 1 pools. Launch: 365 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: nobody (ownership renounced). Code: not upgradeable (no proxy). Fees: no buy or sell tax. Market: $10.3M of DEX liquidity across 1 pools. Launch: 365 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 · Nov 7
Executive SummaryWhat the contract is and what the review found

The ClankerToken is a standard ERC-20 implementation with cross-chain capabilities integrated via the Superchain Token Bridge. The architecture relies on the bridge contract to manage supply across chains, which introduces centralized control points. While the code follows standard OpenZeppelin patterns, the ability for the bridge to burn tokens from any address represents a significant trust requirement.

Technical8/10Low risk

The contract utilizes robust OpenZeppelin libraries for ERC-20, Votes, and Permit functionality, ensuring standard compliance. 7.1 Architecture is well-defined for cross-chain interoperability, and 7.2 Code Security is high due to the use of audited base contracts. 7.3 Access Control is strictly enforced via the Superchain Token Bridge for mint/burn operations. 7.6 External dependencies are limited to the pre-deployed bridge, which is a trusted component in the Base ecosystem.

Governance1/10High risk

7.4 Economic risks are present due to the minting capability, which can dilute token holders if the bridge is compromised. 7.5 Governance is centralized through an admin role capable of updating metadata and administrative parameters. While these functions are limited in scope, they represent a single point of failure for metadata integrity. The economic model relies on the security of the cross-chain bridge infrastructure.

Upgrades5/10Medium risk

7.7 Upgrades are not natively implemented in this contract, as it is a non-proxy deployment. 7.8 Operations are straightforward, with no complex state transitions outside of the bridge-controlled mint/burn logic. The lack of upgradeability ensures immutability of the core logic, which is a positive security trait for token contracts.

Final RecommendationWhat to do about this score

The protocol should ensure that the Superchain Token Bridge address is correctly configured and monitored for any anomalous activity.

Given the high-privilege nature of the bridge, implementing a multi-signature or timelock mechanism for administrative updates to the admin address is recommended to prevent unauthorized configuration changes. Users should be aware that the token supply is dynamic and controlled by the bridge. Regular audits of the bridge contract itself are essential, as the security of the ClankerToken is directly tied to the integrity of the cross-chain messaging and bridge execution logic.

Contract & Record

1 audit on record
TypeClankerToken
NetworkBase
Token age1y
Contract0x013d…db07
Deployer0xa83b…5f92
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Audit History
  1. Nov 7, 202652Medium

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

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