Early-stage security check — honeypot & rug-pull analysis
The DERC20 contract is a standard ERC-20 implementation with additional governance and vesting capabilities.
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
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 23, 2026
The risk score reads depth across every pair.
Whether the LP tokens are locked could not be determined.
The owner has the authority to mint new tokens via the updateMintRate and release functions. This allows the owner to increase the total supply, which dilutes the value of existing holdings.
Implement a time-lock for minting operations or transition ownership to a DAO to ensure community oversight of supply changes.
Unresolved
The owner can toggle the isPoolUnlocked switch via the lockPool and unlockPool functions. This allows the owner to unilaterally restrict or enable token transfers, potentially freezing user funds or liquidity.
Remove the ability to arbitrarily lock pools or restrict it to specific, transparent, and time-bound conditions.
Unresolved
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: 16.2% in wallets, 80.0% in other contracts. The deployer/owner wallet itself holds 16.2%. 3,631 holders in total.
Watch the largest wallets that are not exchanges, pools or locks — those are the ones that can move the price.
Acknowledged
3,631 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.
Match the contract address against the project's official channels before trading.
Acknowledged
Liquidity $50K (DexScreener, all pools). 24h trading volume $207K (DexScreener, all pools).
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: a ProxyAdmin contract. Code: not upgradeable (no proxy). Fees: no buy or sell tax. Market: $50K of DEX liquidity across 1 pools. Launch: under a day of market history.
Check the project's own documentation for what the token is used for; this report covers what the contract allows.
Acknowledged
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.
Re-check ownership, liquidity and holder distribution as the token matures; those are the facts that move early.
Acknowledged
The DERC20 contract is a standard ERC-20 implementation with additional governance and vesting capabilities. The protocol relies on a centralized owner to manage token inflation and liquidity pool access. While the code follows standard OpenZeppelin patterns, the high degree of administrative control over supply and transferability introduces significant trust requirements for token holders.
The architecture utilizes robust OpenZeppelin standards (7.1 Architecture, 7.2 Code Security). The implementation of ERC-20, ERC-20Votes, and EIP-712 is standard and well-structured. However, the reliance on owner-controlled state variables for transfer logic (7.3 Access Control) creates a single point of failure. The code is clean and follows modern Solidity best practices.
The economic model (7.4 Economic) is highly centralized, allowing the owner to mint tokens up to a 2% annual cap. Governance (7.5 Governance) is currently limited to the owner, lacking decentralized mechanisms. External dependencies (7.6 External) are minimal, reducing integration risks. The ability to pause or restrict pool transfers significantly impacts market liquidity.
The contract is not a proxy (7.7 Upgrades), meaning the logic is immutable once deployed. Operations (7.8 Operations) are straightforward, though the owner's ability to change token URI and mint rates requires high operational security. No upgradeability risks are present.
To improve security, consider transitioning ownership to a multi-signature wallet or a decentralized governance contract to mitigate the risk of a single compromised key.
Additionally, implementing a time-lock mechanism for sensitive functions like updateMintRate would provide transparency and protection for token holders against sudden supply changes.
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Score changes are recorded as dated snapshots — history is append-only and cannot be edited.
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