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Is Swarm a Scam?

SWARMBNB Chain
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 30, 2026 · 1 audit on recordNew Launch · 11h old
SummaryAI Copilot

SwarmToken is an ERC-20 token contract deployed on BSC. While ownership has been renounced, the contract retains a 'minter' role that holds significant power over token supply and trading functionality.

Read the full analysis
What raised the score
  • A privileged address controls a switch that decides whether transfers go through; held by minter: EOA
  • Mintable supply — no cap found, dilution unbounded; held by minter: EOA
  • Liquidity < $50k
  • Volume/Liquidity > 15×
Exact factors
  • A privileged address controls a switch that decides whether transfers go through; held by minter: EOA
  • Mintable supply — no cap found, dilution unbounded; held by minter: EOA
  • Liquidity < $50k ($24,594 across 1 pairs — thin market)
  • Volume/Liquidity > 15× (25.7× — wash-trading signal)

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 (11h old). New tokens carry elevated risk — data may change rapidly. Always verify independently before investing.

Security Checklist

as of audit · Oct 305 of 7 checks passed
Contract verifiedVerified
OwnershipRenounced
MintMintable
Liquidity lockLocked
UpgradeabilityFixed code
HoneypotNone found
Buy / sell tax1% / 2%

Holders

as of audit · Oct 30, 20261,114 holders
13.0%Wallets35.0%DEX pools52.1%Everyone else
13.0%Wallets35.0%DEX pools52.1%Everyone else
WalletsDEX poolsEveryone elseBubble area = share of supply
47.9%of supply sits with the top 10 holders
  • Walletsanonymous holders, free to sell13.0%
  • DEX poolsthe pools' own liquidity35.0%
  • Everyone else1,104 holders52.1%
Effective concentrationwhat the score reads13.0%
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 30, 2026

Liquidity

as of audit · Oct 30$24.6K

The risk score reads depth across every pair.

LP tokensLocked

The LP tokens of the analysed pool are locked or burned.

Analysed pool$24.6KShare of depth100.0%
LP Burned100.0% · ≈ permanent lock
LP Locked100.0% · Null Address

Security Findings

2 Medium6 Info
Medium

Centralized Minting Authority

The 'minter' address has the authority to call the mint() function, which creates new tokens and increases the total supply. This allows the controller to dilute the holdings of existing token holders at any time.CP-01

Issue

The 'minter' address has the authority to call the mint() function, which creates new tokens and increases the total supply. This allows the controller to dilute the holdings of existing token holders at any time.

Fix

Consider renouncing the minter role or implementing a time-lock mechanism to ensure that any future minting events are transparent and subject to community oversight.

Status

Unresolved

Medium

Trading Control Switch

The 'minter' address controls the openTrading() function, which acts as a master switch for token transfers. By controlling this, the minter can effectively halt all trading activity for the token, preventing users from moving or selling their assets.CP-05

Issue

The 'minter' address controls the openTrading() function, which acts as a master switch for token transfers. By controlling this, the minter can effectively halt all trading activity for the token, preventing users from moving or selling their assets.

Fix

Restrict the ability to toggle trading states to a decentralized governance process rather than a single privileged address.

Status

Unresolved

Info

Who holds the supply

The ten largest holders own 47.9% of supply. Of that, 35.0% in DEX pools — not holders that can sell, so excluded from the concentration score. What remains: 13.0% in wallets, 0.0% in other contracts. 1,114 holders in total.QA-HOLDERS

Issue

The ten largest holders own 47.9% of supply. Of that, 35.0% in DEX pools — not holders that can sell, so excluded from the concentration score. What remains: 13.0% in wallets, 0.0% in other contracts. 1,114 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

1,114 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

1,114 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

Liquidity burned — cannot be withdrawn

100.0% of the pool's LP is burned or time-locked. 100.0% of the LP tokens were sent to a burn address — that liquidity can never be withdrawn by anyone. Some pools are concentrated-liquidity (V3/V4) positions; shares above are by position as GoPlus reports them.QA-LIQUIDITY

Issue

100.0% of the pool's LP is burned or time-locked. 100.0% of the LP tokens were sent to a burn address — that liquidity can never be withdrawn by anyone. 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

The market for this token

Liquidity $25K (DexScreener, all pools). 24h trading volume $632K (DexScreener, all pools).QA-MARKET

Issue

Liquidity $25K (DexScreener, all pools). 24h trading volume $632K (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: 1% on buy, 2% on sell. Market: $25K 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: nobody (ownership renounced). Code: not upgradeable (no proxy). Fees: 1% on buy, 2% on sell. Market: $25K 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 30
Executive SummaryWhat the contract is and what the review found

SwarmToken is an ERC-20 token contract deployed on BSC. While ownership has been renounced, the contract retains a 'minter' role that holds significant power over token supply and trading functionality. The architecture is standard, but the centralization of control via the minter role introduces economic risks for token holders.

Technical6/10Medium risk

The contract implements standard ERC-20 functionality using OpenZeppelin-like patterns. 7.1 Architecture is straightforward, utilizing a single-contract design. 7.2 Code Security is high, with no reentrancy or overflow vulnerabilities detected. 7.3 Access Control is strictly enforced via the minter role, though this creates a single point of failure.

Governance6/10Medium risk

7.4 Economic and 7.5 Governance aspects are dominated by the minter role. The minter can arbitrarily increase supply up to a hard cap, directly impacting token value. 7.6 External dependencies are minimal, relying only on standard library interfaces. The lack of decentralized governance means holders are entirely dependent on the minter's actions.

Upgrades6/10Medium risk

7.7 Upgrades are not supported as the contract is not a proxy. 7.8 Operations are stable due to the immutable nature of the contract logic. No upgrade risk exists for this implementation.

Final RecommendationWhat to do about this score

Token holders should be aware that the 'minter' address possesses the ability to dilute the supply and toggle trading states.

It is recommended that the project team eventually renounce the minter role or transition it to a multi-signature wallet or a time-locked governance contract to mitigate centralization risks.

Contract & Record

1 audit on record
TypeSwarmToken
NetworkBNB Chain
Token age11h
Contract0x04fd…4afa
Deployer0xaa2d…64a1
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Audit History
  1. Oct 30, 202676High

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

Frequently Asked Questions

What is the SWARM contract address?

The Swarm contract on BNB Chain is 0x04fd77c2f97d044b3c719282fd0a0568f4254afa. Compare it with the address the project itself publishes before trading: other contracts can carry the same name and ticker.

Is Swarm a scam?

Quantum Audit's risk score for Swarm is 76/100 (High risk) as of Oct 30, 2026, computed by a deterministic function from on-chain facts — Contract verified: Verified; Ownership: Renounced; Mint: Mintable; Liquidity lock: Locked; Upgradeability: Fixed code; Honeypot: None found; Buy / sell tax: 1% / 2%. A score is a dated snapshot of those facts, not a guarantee; each one is listed on this page.

Is SWARM liquidity locked?

Liquidity lock: Locked (as of Oct 30, 2026). Total DEX liquidity: $24.6K.

Who holds SWARM?

As of Oct 30, 2026, the 10 largest holders own 47.9% of the supply across 1,114 holders. The Holders section on this page shows who they are by holder type.

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