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Is SARP a Scam?

Base
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 21, 2026 · 1 audit on recordNew Launch · 23h old
SummaryAI Copilot

The DERC20 contract is a standard ERC-20 implementation with added governance, voting, and vesting capabilities.

Read the full analysis
What raised the score
  • Owner can pause all transfers
  • A privileged address controls a switch that decides whether transfers go through
  • Mintable supply — no cap found, dilution unbounded
  • LP lock status UNKNOWN — the pool's LP could not be read
  • Top-10 concentration > 30%
Exact factors
  • Owner can pause all transfers
  • A privileged address controls a switch that decides whether transfers go through
  • Mintable supply — no cap found, dilution unbounded
  • LP lock status UNKNOWN — the pool's LP could not be read
  • Top-10 concentration > 30% (100.0% total → 48.3% effective; 16.3% in EOAs, 80.0% in contracts; 3.7% burned, locked or in pools excluded)

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 (23h old). New tokens carry elevated risk — data may change rapidly. Always verify independently before investing.

Security Checklist

as of audit · Oct 214 of 7 checks passed
Contract verifiedVerified
OwnershipRetained
MintMintable
Liquidity lockUnknown
UpgradeabilityFixed code
HoneypotNone found
Buy / sell tax0% / 0%

Holders

as of audit · Oct 21, 20262,013 holders
80.0%Contracts16.3%Wallets3.7%
80.0%Contracts16.3%Wallets3.7%
ContractsWalletsBurnedBubble area = share of supply
100.0%of supply sits with the top 10 holders
  • Contractstreasury, vesting, bridge, staking80.0%
  • Walletsanonymous holders, free to sell16.3%
  • Burnedout of circulation3.7%
Effective concentrationwhat the score reads48.3%
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 21, 2026

Liquidity

as of audit · Oct 21$52.2K

The risk score reads depth across every pair.

LP tokensUnknown

Whether the LP tokens are locked could not be determined.

Analysed pool$52.2KShare of depth100.0%

Security Findings

2 Medium5 Info
Medium

Centralized Control Over Token Supply

The owner has the authority to call updateMintRate and release, which can increase the total supply of the token. This allows the owner to dilute existing token holders at their discretion.CP-01

Issue

The owner has the authority to call updateMintRate and release, which can increase the total supply of the token. This allows the owner to dilute existing token holders at their discretion.

Fix

Implement a time-lock mechanism for all supply-altering functions to provide notice to the community before changes take effect.

Status

Unresolved

Medium

Centralized Control Over Transferability

The owner can use lockPool and unlockPool to enable or disable transfers related to specific pools. This gives the owner the power to effectively freeze user assets or restrict liquidity at will.CP-05

Issue

The owner can use lockPool and unlockPool to enable or disable transfers related to specific pools. This gives the owner the power to effectively freeze user assets or restrict liquidity at will.

Fix

Restrict the ability to pause or lock transfers to emergency scenarios only, and consider using a decentralized pause mechanism or a multi-sig requirement.

Status

Unresolved

Info

Who holds the supply

The ten largest holders own 100.0% of supply. Of that, 3.7% burned — not holders that can sell, so excluded from the concentration score. What remains: 16.3% in wallets, 80.0% in other contracts. The deployer/owner wallet itself holds 16.2%. 2,013 holders in total.QA-HOLDERS

Issue

The ten largest holders own 100.0% of supply. Of that, 3.7% burned — not holders that can sell, so excluded from the concentration score. What remains: 16.3% in wallets, 80.0% in other contracts. The deployer/owner wallet itself holds 16.2%. 2,013 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

2,013 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

2,013 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 $52K (DexScreener, all pools). 24h trading volume $261K (DexScreener, all pools).QA-MARKET

Issue

Liquidity $52K (DexScreener, all pools). 24h trading volume $261K (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: a ProxyAdmin contract. Code: not upgradeable (no proxy). Fees: no buy or sell tax. Market: $52K of DEX liquidity across 1 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: a ProxyAdmin contract. Code: not upgradeable (no proxy). Fees: no buy or sell tax. Market: $52K of DEX liquidity across 1 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 21
Executive SummaryWhat the contract is and what the review found

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 and liquidity pool access. While the code follows standard OpenZeppelin patterns, the high degree of administrative control over token supply and transferability presents a significant centralization risk.

Technical8/10Low risk

The architecture utilizes well-vetted OpenZeppelin libraries for ERC-20, voting, and permit functionality. 7.1 Architecture and 7.2 Code Security are robust, adhering to standard patterns. 7.3 Access Control is correctly implemented using Ownable, though the scope of authority is broad. 7.6 External dependencies are minimal and standard.

Governance3/10High risk

7.4 Economic and 7.5 Governance aspects are heavily centralized under the owner. The owner can unilaterally mint tokens and halt pool transfers, which directly impacts token value and liquidity. These mechanisms lack time-locks or multi-signature requirements in the contract logic itself.

Upgrades4/10Medium risk

7.7 Upgrades are not supported as the contract is not a proxy. 7.8 Operations are managed via owner-restricted functions. The lack of upgradeability ensures immutability but prevents emergency patching of logic errors.

Final RecommendationWhat to do about this score

To mitigate centralization risks, consider transitioning ownership to a multi-signature wallet or a decentralized governance DAO.

Implementing a time-lock on sensitive functions like updateMintRate would provide transparency and protection against sudden administrative actions. Ensure that all administrative keys are managed using hardware security modules or institutional-grade custody solutions. Regularly audit the state of the pool and minting parameters to ensure they remain within the expected economic bounds of the protocol.

Contract & Record

1 audit on record
TypeToken
NetworkBase
Token age23h
Contract0xe44b…6d2b
Deployer0xf602…0d73
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Audit History
  1. Oct 21, 202658Medium

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

Frequently Asked Questions

What is the SARP contract address?

The SARP contract on Base is 0xe44b5eb74e269decad9dd65f30aa6f81e82c6d2b. Compare it with the address the project itself publishes before trading: other contracts can carry the same name and ticker.

Is SARP a scam?

Quantum Audit's risk score for SARP is 58/100 (Medium risk) as of Oct 21, 2026, computed by a deterministic function from on-chain facts — Contract verified: Verified; Ownership: Retained; Mint: Mintable; 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.

Who holds SARP?

As of Oct 21, 2026, the 10 largest holders own 100.0% of the supply across 2,013 holders. The Holders section on this page shows who they are by holder type.

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