The DERC20 contract is a standard ERC-20 token with additional governance and vesting capabilities. The protocol relies on a centralized owner to manage inflation, pool locking, and vesting releases. While the code follows standard OpenZeppelin patterns, the high degree of administrative control over supply and transferability introduces significant centralization risks.
Early-stage security check — honeypot & rug-pull analysis
Is United States Dividend Fund a Scam?
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 →The DERC20 contract is a standard ERC-20 token with additional governance and vesting capabilities.
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
- 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) — who holds it cannot be verified
- Top-10 concentration > 30% (100.0% total → 48.3% effective; 16.3% in EOAs, 80.0% in contracts; 3.7% 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 21Holders
as of audit · Oct 21, 2026- Contractstreasury, vesting, bridge, staking80.0%
- Walletsanonymous holders, free to sell16.3%
- Burnedout of circulation3.7%
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 21, 2026
Liquidity
as of audit · Oct 21The risk score reads depth across every pair.
The LP tokens of the analysed pool are not locked or burned, so whoever holds them can withdraw that liquidity.
Security Findings
MediumCentralized Minting Control
The owner can call updateMintRate and release to increase the total supply of the token. This allows the owner to dilute existing token holders at will, provided the inflation rate stays within the 2% cap.CP-01
Issue
The owner can call updateMintRate and release to increase the total supply of the token. This allows the owner to dilute existing token holders at will, provided the inflation rate stays within the 2% cap.
Fix
Implement a timelock for minting operations or move the minting authority to a decentralized governance DAO.
Status
Unresolved
MediumCentralized Transfer Control
The owner can use lockPool and unlockPool to enable or disable token transfers. This gives the owner the power to freeze user funds or prevent trading activity at any time.CP-05
Issue
The owner can use lockPool and unlockPool to enable or disable token transfers. This gives the owner the power to freeze user funds or prevent trading activity at any time.
Fix
Remove the ability to lock transfers or restrict this functionality to a decentralized emergency pause mechanism with a mandatory delay.
Status
Unresolved
InfoWho holds the supply
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: 16.3% in wallets, 80.0% in other contracts. The deployer/owner wallet itself holds 16.2%. 2,011 holders in total.QA-HOLDERS
Issue
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: 16.3% in wallets, 80.0% in other contracts. The deployer/owner wallet itself holds 16.2%. 2,011 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
2,011 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
2,011 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 $52K (DexScreener, all pools). 24h trading volume $147K (DexScreener, all pools).QA-MARKET
Issue
Liquidity $52K (DexScreener, all pools). 24h trading volume $147K (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. Its name presents it as a stable-value coin, yet it trades at $0.005194 — it does not hold a peg. 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: $52K 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. Its name presents it as a stable-value coin, yet it trades at $0.005194 — it does not hold a peg. 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: $52K 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 21The contract utilizes robust, battle-tested OpenZeppelin libraries for ERC-20 and governance functionality. 7.1 Architecture is modular, and 7.2 Code Security is high due to the use of standard, audited components. 7.3 Access Control is strictly enforced via Ownable, though it grants broad powers to the owner. 7.6 External dependencies are minimal and well-integrated.
7.4 Economic and 7.5 Governance aspects are heavily centralized. The owner has the ability 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 notable risk. 7.8 Operations are entirely dependent on the owner's address.
The contract is not upgradeable (7.7 Upgrades), which provides immutability but prevents emergency patching. The logic is fixed at deployment. No proxy patterns are utilized.
To improve security, consider transitioning ownership to a multi-signature wallet or a decentralized governance contract to mitigate the risk of a single point of failure.
Implementing a timelock on sensitive functions like updateMintRate would provide transparency and allow the community to react to administrative changes. Ensure that all administrative keys are stored in secure, hardware-backed environments. Regularly audit the vesting schedules and inflation parameters to ensure they remain aligned with the protocol's long-term economic goals.
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 21, 202662Medium
Score changes are recorded as dated snapshots — history is append-only and cannot be edited.
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