On-chain security analysis — is it a scam or legit?
SogniToken is a standard ERC-20 implementation utilizing OpenZeppelin's AccessControl and ERC20Burnable modules.
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
How the supply is spread across holders could not be read — the indexer's holder list does not add up to the supply. The indexer lists 106.2% of the supply in its top 10, which cannot be right. Check the largest holders on a block explorer, which reads current balances.
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.
0xfa2b…52bb0x46a9…01c3No privileged address appears among these holders: the unlocked liquidity sits with independent providers, not with the deployer.
The mint(address,uint256) function allows an address with the MINTER_ROLE to create new tokens at will. This increases the total supply and dilutes the value of existing holdings, representing a significant centralization of power.
Restrict the minting authority to a multi-signature wallet or a decentralized governance contract to prevent single-point-of-failure risks.
Unresolved
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 wallet, 0xfa2b…52bb — 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.
Check the lock's end date and beneficiary on the locker's own page before relying on it.
Acknowledged
The holder list from the security indexer adds up to 106.2% of supply, so it does not describe real balances. That happens with rebasing and reflection tokens, whose balances change without transfers, and with contracts that report balances they do not hold. Concentration is unknown and priced as an unknown — neither a whale nor safe.
Check the largest holders on the block explorer, which reads current balances.
Acknowledged
Listed on CoinGecko as Sogni AI (SOGNI), market cap $3M, rank #1991. 31,586 holders.
Match the contract address against the project's official channels before trading.
Acknowledged
Liquidity $281K (DexScreener, all pools). 24h trading volume $115K (CoinGecko, all markets, daily snapshot). 24h trading volume $86K (DexScreener, all pools). CoinGecko's record for this coin: all-time high $0.00794 on 2025-08-14; the price is now 90.0124% 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 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: an owner that could not be resolved. Code: not upgradeable (no proxy). Fees: no buy or sell tax. Market: $281K of DEX liquidity across 1 pools. Launch: 486 days of market history.
Check the project's own documentation for what the token is used for; this report covers what the contract allows.
Acknowledged
SogniToken is a standard ERC-20 implementation utilizing OpenZeppelin's AccessControl and ERC20Burnable modules. The contract provides standard token functionality with centralized minting capabilities restricted by role-based access control. No critical vulnerabilities were identified in the core transfer logic, though the minting authority represents a centralized risk factor.
The architecture follows industry-standard patterns using OpenZeppelin libraries for 7.1 Architecture and 7.2 Code Security. 7.3 Access Control is correctly implemented via roles, ensuring only authorized addresses can invoke sensitive functions. 7.6 External dependencies are minimal and well-vetted, though 7.8 Operations rely on the security of the minter role keys.
7.4 Economic stability is subject to the minting authority's actions, which can dilute existing holders. 7.5 Governance is currently centralized, lacking a decentralized mechanism for minting control. The economic model is simple, relying on the integrity of the minter role holder to maintain supply constraints.
7.7 Upgrades are not supported as the contract is not a proxy. This ensures immutability of the current logic, preventing unauthorized code changes. The lack of upgradeability is a strength for trustless token holders.
The protocol should transition the MINTER_ROLE to a multi-signature wallet or a time-locked governance contract to mitigate the risk of centralized abuse.
Ensure that the private keys associated with the minter role are stored in a secure, cold-storage environment to prevent unauthorized minting events.
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Score changes are recorded as dated snapshots — history is append-only and cannot be edited.
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