The DERC20 contract is a standard ERC-20 token with additional governance and vesting features. The architecture relies on a centralized owner who holds significant power over token supply and transferability. While the code follows standard OpenZeppelin patterns, the centralization of control introduces notable economic and operational risks for token holders.
Early-stage security check — honeypot & rug-pull analysis
Is United Dividend Fund Trust’ a Scam?
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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 →The DERC20 contract is a standard ERC-20 token with additional governance and vesting features.
Read the full analysis- 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 → 48.2% effective; 16.2% in EOAs, 80.0% in contracts; 3.8% 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
Security Checklist
as of audit · Oct 27Holders
as of audit · Oct 27, 2026- Contractstreasury, vesting, bridge, staking80.0%
- Walletsanonymous holders, free to sell16.2%
- Burnedout of circulation3.8%
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 27, 2026
Liquidity
as of audit · Oct 27The risk score reads depth across every pair.
Whether the LP tokens are locked could not be determined.
Security Findings
MediumCentralized Minting Authority
The owner has the ability to increase the total supply of the token via the updateMintRate and release functions. This allows the owner to dilute the holdings of all existing token holders at their discretion, provided the annual inflation cap is not exceeded.CP-01
Issue
The owner has the ability to increase the total supply of the token via the updateMintRate and release functions. This allows the owner to dilute the holdings of all existing token holders at their discretion, provided the annual inflation cap is not exceeded.
Fix
Transition the ownership to a multi-signature wallet or a governance contract to ensure that minting decisions require community consensus or multiple independent approvals.
Status
Unresolved
MediumCentralized Control Over Token Transferability
The owner can use the lockPool and unlockPool functions to enable or disable token transfers. This grants the owner the power to effectively freeze user assets or halt trading activity at any time.CP-05
Issue
The owner can use the lockPool and unlockPool functions to enable or disable token transfers. This grants the owner the power to effectively freeze user assets or halt trading activity at any time.
Fix
Remove the ability to arbitrarily lock transfers, or implement a timelock and public notification period before any such change can take effect to prevent sudden loss of liquidity for users.
Status
Unresolved
InfoWho holds the supply
The ten largest holders own 100.0% of supply. Of that, 3.8% burned — not holders that can sell, so excluded from the concentration score. What remains: 16.2% in wallets, 80.0% in other contracts. The deployer/owner wallet itself holds 16.2%. 311 holders in total.QA-HOLDERS
Issue
The ten largest holders own 100.0% of supply. Of that, 3.8% burned — not holders that can sell, so excluded from the concentration score. What remains: 16.2% in wallets, 80.0% in other contracts. The deployer/owner wallet itself holds 16.2%. 311 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
InfoNot listed by any independent source
311 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
311 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
InfoThe market for this token
Liquidity $191K (DexScreener, all pools). 24h trading volume $383K (DexScreener, all pools).QA-MARKET
Issue
Liquidity $191K (DexScreener, all pools). 24h trading volume $383K (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
InfoAsset 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: $191K 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: $191K 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
InfoRecently 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 27The contract utilizes well-tested OpenZeppelin libraries for ERC-20, Votes, and Permitting functionality. 7.1 Architecture is modular, and 7.2 Code Security is high due to the use of standard, audited base contracts. 7.3 Access Control is strictly enforced via Ownable, though it grants the owner excessive power. 7.6 External interactions are minimal, reducing the attack surface for reentrancy or flash loan exploits.
7.4 Economic and 7.5 Governance aspects are heavily centralized. The owner can unilaterally mint tokens up to a 2% annual cap and toggle transferability, which directly impacts 7.8 Operations. While the 2% cap provides a safety bound, the lack of a timelock or multi-signature requirement for these actions is a significant concern for decentralized governance.
7.7 Upgrades are not supported as the contract is not a proxy. This ensures immutability of the logic, which is a strength for trustless operation. However, it also means that any discovered bugs cannot be patched without a migration.
To improve security, consider transitioning ownership to a multi-signature wallet or a decentralized DAO governance contract.
This would mitigate the risk of a single compromised key performing unauthorized minting or locking transfers. Additionally, implement a timelock for sensitive administrative functions like updateMintRate. This provides transparency to the community and allows users to react to significant changes in token supply or transfer rules.
Contract & Record
Free for any token on the record. It links to this page and always shows the current score and the date it was checked.
- Oct 27, 202656Medium
Score changes are recorded as dated snapshots — history is append-only and cannot be edited.
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