Early-stage security check — honeypot & rug-pull analysis
The DERC20 contract is a standard ERC-20 token 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 20, 2026
The 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.
The owner can call updateMintRate and release to mint new tokens, which directly dilutes the value of existing holdings. This grants the owner unilateral control over the total supply of the token.
Implement a timelock for minting operations or transition ownership to a DAO to ensure community oversight of supply changes.
Unresolved
The owner can use lockPool and unlockPool to enable or disable transfers for specific pools. This allows the owner to freeze user funds or restrict trading at their discretion.
Remove the ability to arbitrarily lock pools or implement a transparent, policy-based mechanism that limits the owner's ability to freeze assets.
Unresolved
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: 16.0% in wallets, 80.2% in other contracts. The deployer/owner wallet itself holds 16.0%. 2,541 holders in total.
Watch the largest wallets that are not exchanges, pools or locks — those are the ones that can move the price.
Acknowledged
2,541 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 $49K (DexScreener, all pools). 24h trading volume $66K (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. Its name presents it as a stable-value coin, yet it trades at $0.002405 — 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: $49K 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 token with additional governance and vesting capabilities. The protocol relies on a centralized owner to manage minting rates and pool access. While the code follows standard OpenZeppelin implementations, the high level of administrative control over token supply and transferability introduces significant trust requirements for token holders.
The architecture utilizes standard OpenZeppelin libraries for ERC-20, Votes, and Permit functionality, ensuring robust base logic. 7.1 Architecture and 7.2 Code Security are well-implemented, adhering to established patterns. However, 7.3 Access Control is highly centralized, granting the owner significant power over contract state. 7.8 Operations are straightforward, though the reliance on block.timestamp for minting logic is standard but requires careful monitoring.
7.4 Economic and 7.5 Governance aspects are heavily skewed toward the owner. The ability to mint tokens via updateMintRate and release functions allows for potential supply inflation. 7.6 External dependencies are minimal, but the owner's ability to lock pools creates a single point of failure for liquidity and trading. Governance is currently non-decentralized, relying entirely on the owner's address.
7.7 Upgrades are not applicable as the contract is not a proxy. The logic is immutable, which provides security against hidden logic changes but prevents emergency patching. Future changes would require a migration to a new contract address.
To improve security, consider transitioning the ownership to a multi-signature wallet or a decentralized governance contract to mitigate the risk of a single compromised key.
Additionally, implementing a timelock on sensitive functions like updateMintRate would provide transparency and allow the community to react to significant changes in token supply.
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