The DERC20 contract is a standard ERC-20 implementation with additional governance and vesting capabilities. The protocol relies on a centralized owner to manage inflation, token vesting, and transfer restrictions. While the code follows standard OpenZeppelin patterns, the high degree of administrative control over token supply and transferability presents a significant centralization risk.
Early-stage security check — honeypot & rug-pull analysis
Is United States Dividend Fund🔥 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 implementation 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) — held by independent providers — market-depth risk
- 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 23Holders
as of audit · Oct 23, 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 23, 2026
Liquidity
as of audit · Oct 23The 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.
0x6642…3673No privileged address appears among these holders: the unlocked liquidity sits with independent providers, not with the deployer.
Security Findings
MediumCentralized Control Over Token Supply
The owner has the authority to call updateMintRate and release, which can increase the total supply of tokens. This allows the owner to dilute the holdings of all existing token holders at their discretion.CP-01
Issue
The owner has the authority to call updateMintRate and release, which can increase the total supply of tokens. This allows the owner to dilute the holdings of all existing token holders at their discretion.
Fix
Implement a timelock for all supply-altering functions to ensure transparency and provide users with a window to exit if they disagree with the proposed inflation changes.
Status
Unresolved
MediumCentralized 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 effectively freeze user funds or prevent trading on decentralized exchanges.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 effectively freeze user funds or prevent trading on decentralized exchanges.
Fix
Remove the ability to arbitrarily lock transfers, or restrict this functionality to a decentralized governance vote rather than a single owner address.
Status
Unresolved
MediumLiquidity 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, 0x6642…3673 — 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, 0x6642…3673 — 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
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%. 3,090 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%. 3,090 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
3,090 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
3,090 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 $90K (DexScreener, all pools). 24h trading volume $176K (DexScreener, all pools).QA-MARKET
Issue
Liquidity $90K (DexScreener, all pools). 24h trading volume $176K (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 $0.05325 — 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: $90K 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 $0.05325 — 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: $90K 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 23The architecture utilizes robust OpenZeppelin libraries for ERC-20 and voting functionality, ensuring 7.1 Architecture and 7.2 Code Security standards are met. 7.3 Access Control is implemented via Ownable, correctly restricting sensitive functions. 7.6 External dependencies are limited to standard, audited libraries. The code is clean and follows modern Solidity best practices.
7.4 Economic and 7.5 Governance risks are elevated due to the owner's ability to arbitrarily mint tokens and halt transfers. While 7.8 Operations are supported by clear administrative functions, the lack of a timelock or multi-signature requirement for these actions creates a single point of failure. The inflation mechanism is capped, providing some protection against extreme dilution.
The contract is not upgradeable, eliminating 7.7 Upgrades risk. The logic is immutable, which provides certainty to token holders regarding the contract's behavior. No proxy patterns are utilized in this deployment.
To improve security, the project should transition administrative control from a single EOA to a multi-signature wallet or a decentralized governance contract.
Implementing a timelock on sensitive functions like updateMintRate and lockPool would provide transparency and allow the community to react to administrative changes. Additionally, consider renouncing ownership if the protocol reaches a state of maturity where active management is no longer required. Ensure that all administrative keys are stored in hardware security modules to prevent unauthorized access.
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 23, 202658Medium
Score changes are recorded as dated snapshots — history is append-only and cannot be edited.
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