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Is United Oil Dividend Fund a Scam?

UODFBase
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 Nov 2, 2026 · 1 audit on recordNew Launch · 5h old
SummaryAI Copilot

The DERC20 contract is a standard ERC-20 implementation with additional governance and vesting features.

Read the full analysis
What raised the score
  • Owner can pause all transfers
  • A privileged address controls a switch that decides whether transfers go through
  • Mintable supply — no cap found, dilution unbounded
  • Liquidity not locked
  • 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
  • Liquidity NOT locked (100% of the pool) — held by independent providers — market-depth risk
  • Top-10 concentration > 30% (95.5% total → 38.5% effective; 0.5% in EOAs, 95.0% in contracts)

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 (5h old). New tokens carry elevated risk — data may change rapidly. Always verify independently before investing.

Security Checklist

as of audit · Nov 24 of 7 checks passed
Contract verifiedVerified
OwnershipRetained
MintMintable
Liquidity lockNot locked
UpgradeabilityFixed code
HoneypotNone found
Buy / sell tax0% / 0%

Holders

as of audit · Nov 2, 2026162 holders
95.0%Contracts4.5%
95.0%Contracts4.5%
ContractsWalletsEveryone elseBubble area = share of supply
95.5%of supply sits with the top 10 holders
  • Contractstreasury, vesting, bridge, staking95.0%
  • Walletsanonymous holders, free to sell0.5%
  • Everyone else152 holders4.5%
Effective concentrationwhat the score reads38.5%
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 Nov 2, 2026

Liquidity

as of audit · Nov 2$134.72M

The risk score reads depth across every pair.

LP tokensNot locked

The LP tokens of the analysed pool are not locked or burned, so whoever holds them can withdraw that liquidity.

Analysed pool$134.72MShare of depth100.0%
Top-1 Unlocked Holder100.0%
Top-3 Unlocked100.0%
Unlocked LP held by
0xe5ac…ce5d

No privileged address appears among these holders: the unlocked liquidity sits with independent providers, not with the deployer.

Security Findings

3 Medium5 Info
Medium

Centralized Control Over Token Supply

The owner has the ability 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.CP-01

Issue

The owner has the ability 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.

Fix

Consider implementing a timelock for minting operations or moving control to a multi-signature wallet to prevent unilateral supply changes.

Status

Unresolved

Medium

Centralized Control Over Transferability

The owner can use the lockPool and unlockPool functions to enable or disable token transfers. This gives the owner the power to freeze user assets or restrict market activity at will.CP-05

Issue

The owner can use the lockPool and unlockPool functions to enable or disable token transfers. This gives the owner the power to freeze user assets or restrict market activity at will.

Fix

Remove the ability to arbitrarily lock transfers, or restrict this functionality to a decentralized governance vote to ensure it is only used in emergency scenarios.

Status

Unresolved

Medium

Liquidity not locked

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, 0xe5ac…ce5d — 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.QA-LIQUIDITY

Issue

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, 0xe5ac…ce5d — 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.

Fix

Check the lock's end date and beneficiary on the locker's own page before relying on it.

Status

Acknowledged

Info

Who holds the supply

The ten largest holders own 95.5% of supply. What remains: 0.5% in wallets, 95.0% in other contracts. 162 holders in total.QA-HOLDERS

Issue

The ten largest holders own 95.5% of supply. What remains: 0.5% in wallets, 95.0% in other contracts. 162 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

162 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

162 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

The market for this token

Liquidity $134.7M (DexScreener, all pools). 24h trading volume $1.1M (DexScreener, all pools).QA-MARKET

Issue

Liquidity $134.7M (DexScreener, all pools). 24h trading volume $1.1M (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: a ProxyAdmin contract. Code: not upgradeable (no proxy). Fees: no buy or sell tax. Market: $134.7M 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: $134.7M 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 · Nov 2
Executive SummaryWhat the contract is and what the review found

The DERC20 contract is a standard ERC-20 implementation with additional governance and vesting features. The protocol relies on a centralized owner to manage inflation and transfer restrictions. While the code follows standard OpenZeppelin patterns, the high level of administrative control over token supply and transferability presents a significant centralization risk.

Technical8/10Low risk

The architecture utilizes robust OpenZeppelin libraries for ERC-20, Votes, and Permit functionality. 7.1 Architecture and 7.2 Code Security are well-implemented, adhering to modern Solidity standards. 7.3 Access Control is strictly enforced via the Ownable pattern, though it creates a single point of failure. 7.8 Operations are standard, with no complex logic outside of the minting and vesting mechanisms.

Governance2/10High risk

7.4 Economic and 7.5 Governance aspects are heavily centralized under the contract owner. The owner has the authority to mint tokens and halt transfers, which directly impacts token holder value. While inflation is capped at 2% annually, the lack of a timelock or multi-sig requirement for these actions is a concern. 7.6 External dependencies are minimal and well-managed.

Upgrades4/10Medium risk

The contract is not a proxy and does not support 7.7 Upgrades. This provides immutability, which is a strength for security, as the logic cannot be altered post-deployment. The current state is fixed, ensuring that the rules governing the token remain consistent.

Final RecommendationWhat to do about this score

It is recommended to transition the ownership of the contract to a decentralized governance model, such as a multi-signature wallet or a DAO, to mitigate the risks associated with a single privileged owner.

Implementing a timelock on sensitive functions like updateMintRate would provide transparency and protection for token holders against sudden changes in supply. Additionally, ensure that the vesting schedule and pool locking mechanisms are clearly documented for users. Regular monitoring of the owner's actions is advised until a more decentralized control structure is implemented.

Contract & Record

1 audit on record
TypeToken
NetworkBase
Token age5h
Contract0x2f22…eb55
Deployer0x2f48…8304
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Audit History
  1. Nov 2, 202655Medium

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

Frequently Asked Questions

What is the UODF contract address?

The United Oil Dividend Fund (UODF) contract on Base is 0x2f22ad914991f87e809913e652f0b5ddcbf8eb55. Compare it with the address the project itself publishes before trading: other contracts can carry the same name and ticker.

Is United Oil Dividend Fund a scam?

Quantum Audit's risk score for United Oil Dividend Fund is 55/100 (Medium risk) as of Nov 2, 2026, computed by a deterministic function from on-chain facts — Contract verified: Verified; Ownership: Retained; Mint: Mintable; Liquidity lock: Not locked; Upgradeability: Fixed code; Honeypot: None found; Buy / sell tax: 0% / 0%. A score is a dated snapshot of those facts, not a guarantee; each one is listed on this page.

Is UODF liquidity locked?

Liquidity lock: Not locked (as of Nov 2, 2026). Total DEX liquidity: $134.72M.

Who holds UODF?

As of Nov 2, 2026, the 10 largest holders own 95.5% of the supply across 162 holders. The Holders section on this page shows who they are by holder type.

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