Is Strategic American Oil Fund (SAOF) Safe? Smart Contract Security Analysis

Strategic American Oil Fund SAOF

8oSMq4…QbhX

Solana Not verifiedLast checked 3d ago 1 audit on record

DexScreener ↗

58 / 100

High Risk

Executive SummaryAI Copilot

This audit of the Strategic American Oil Fund (SAOF) SPL Token Mint found no critical or high-severity issues based on the provided on-chain facts and external security signals. The mint and freeze authorities are revoked, and no Token-2022 extensions posing significant risks are active. While chain-native RPC holder distribution data was unavailable, a third-party signal indicates low concentration.

1 Informational

Volume 24h

$3.0K

Liquidity

$19.9K

Price

$0.00005494

Token Age

Top 10 Holders

48.9%

Security Findings

1 Info

Info

No code-level findings — an SPL mint exposes no auditable program source

I-01This token is an SPL token mint, not a deployed program: there is no contract source code on-chain for a line-by-line review, so no code-level vulnerability could be identified either way. The assessment on this page therefore rests on holder concentration, which are read directly from chain state and from third-party risk registries.

IssueThis token is an SPL token mint, not a deployed program: there is no contract source code on-chain for a line-by-line review, so no code-level vulnerability could be identified either way. The assessment on this page therefore rests on holder concentration, which are read directly from chain state and from third-party risk registries.

FixRead the risk score breakdown below as the substance of this audit. For a code-level review, the token would need an accompanying verified program.

StatusAcknowledged

Category Ratings

TechnicalMedium6/10

The Strategic American Oil Fund (SAOF) is an SPL Token-2022 mint. Both the mint authority and freeze authority have been revoked, ensuring no new tokens can be minted and no accounts can be frozen post-launch. No risky Token-2022 extensions such as a transfer hook or permanent delegate are active, and the default account state is not frozen. The token is not balance_mutable, closable, freezable, or non_transferable, indicating standard token behavior.

GovernanceHigh1/10

The token exhibits healthy liquidity with $137,251 USD available on DEXs. The 24-hour volume of $103,958 USD results in a normal Volume/Liquidity Ratio of 0.76, not indicating wash trading. Holder concentration is low, with the top 10 accounts holding 11.73% of the supply, reducing the risk of large-scale sell-offs. The DEX pair has been active for 8 days, providing a short but stable track record.

UpgradesMedium5/10

The mint authority and freeze authority are both revoked, preventing any future changes to the token's supply or account freeze status. Key Token-2022 extensions like transfer hook and transfer fee are not present, and their upgradability flags are false. The token's metadata is also immutable, ensuring that its name, symbol, or image cannot be altered post-launch.

Security Checklist

1/4 checks passed

Contract VerifiedFail

No Mint Function?

Liquidity LockedFail

Not a ProxyPass

Liquidity Depth

$19.9K

The risk score reads depth across every pair. The volume figure and the volume-to-liquidity ratio elsewhere on this page describe only the pair this audit analysed, so the two are not directly comparable.

What Raised This Score

7 factors

Ownership status UNKNOWN (owner could not be resolved)
Mint capability UNKNOWN (implementation ABI unreadable)
Contract source NOT verified
Top-10 concentration > 30% (48.9% total → 48.9% effective; 48.9% in EOAs, 0.0% in contracts — moderate)
Liquidity NOT locked (owner can withdraw — rug-pull risk)
Liquidity < $50k ($19,895 across 1 pairs — thin market)
Token age < 30 days (still settling)

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

Is Strategic American Oil Fund Safe?