On-chain security analysis — is it a scam or legit?
BNB ChainThe BEP20Polkadot token contract implements standard BEP20 functionality and includes an owner-controlled minting mechanism.
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 15, 2026
The 20 remaining pairs hold $19.3K between them and are not listed. The 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.
0x73fe…e24e0xa5f8…76520xae75…ccd50x812c…74b90x44e6…75190x4ad9…df520xaa58…eefe0xb3f8…4bd50x113b…9d950x5d74…2580A privileged function increases the total supply, diluting every holder. Functions: mint(uint256). Restricted to: owner.
Check who holds these functions and whether a timelock or multisig stands between them and holders.
Unresolved
The ten largest holders own 38.3% of supply. What remains: 29.0% in wallets, 9.4% in other contracts. 221,527 holders in total. For a verified reference asset the largest holders are custodians, exchanges and bridges; concentration is reported, not scored.
Watch the largest wallets that are not exchanges, pools or locks — those are the ones that can move the price.
Acknowledged
Listed on CoinGecko as Binance-Peg Polkadot (DOT), market cap $18M. On GoPlus's list of trusted tokens. Traded on Binance. 221,527 holders. Verified by: CoinGecko, GoPlus, exchange listings.
Match the contract address against the project's official channels before trading.
Acknowledged
Liquidity $650K (DexScreener, all pools). 24h trading volume $165K (CoinGecko, all markets, daily snapshot). 24h trading volume $180K (DexScreener, all pools). CoinGecko's record for this coin: all-time high $54.76 on 2021-11-04; the price is now 97.9877% below it.
Size any position to the liquidity and daily volume shown — they set how much you can sell and at what price.
Acknowledged
A token representing another asset's units 1:1, backed by a wrapping contract, a custodian or a bridge. Scored as an established reference asset: its identity is verified, so the issuer's or protocol's controls (listed as findings) are real and are priced once as counterparty risk, and LP locks and holder concentration are not scored — its pools belong to market makers and its largest holders are exchanges, bridges and custody. Basis: CoinGecko category: Binance-Peg Tokens. Tokenomics — Supply: mintable with no on-chain cap found. Control: a single wallet (EOA). Code: not upgradeable (no proxy). Fees: no buy or sell tax. Market: $650K of DEX liquidity across 30 pools. Launch: 2000 days of market history.
The backing is the risk: check who holds the underlying asset and how redemption works.
Acknowledged
The BEP20Polkadot token contract implements standard BEP20 functionality and includes an owner-controlled minting mechanism. A key finding is the owner's ability to mint new tokens, which can dilute existing token holders. The contract is not upgradeable, ensuring immutable logic post-deployment.
The contract implements the BEP20 standard, providing essential token functionalities like transfer, transferFrom, approve, balanceOf, and totalSupply (7.2 Code Security). Ownership is retained by a single address, which can renounceOwnership or transferOwnership (7.3 Access Control). A significant technical control is the mint function, allowing the owner to create new tokens (7.3 Access Control). No reentrancy or integer issues were identified in the provided code map.
The economic model is directly impacted by the owner's ability to mint new tokens (7.4 Economic). This function, restricted to the owner, allows for an arbitrary increase in the total supply, which could dilute the value for existing token holders (7.4 Economic). There are no other mechanisms described that directly influence token value or distribution beyond standard transfers. The contract does not feature complex governance mechanisms (7.5 Governance).
This contract is not designed with upgradeability features, meaning its logic cannot be changed after deployment (7.7 Upgrades). This eliminates risks associated with proxy patterns or upgrade mechanisms, ensuring the contract's behavior remains immutable. Any changes would require deploying a new contract.
Token holders should be aware that the contract owner possesses the ability to mint an unlimited number of new tokens.
This power can significantly impact the token's supply and value. It is crucial to understand the project's policy regarding the use of this minting function and the identity of the owner. For enhanced security and transparency, consider implementing a multi-signature wallet for the owner address or, if not intended for ongoing use, removing the minting capability.
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