Early-stage security check — honeypot & rug-pull analysis

Is US Oil Exchange (USOE) a Scam?

USOEBase

Not verified

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Last checked Oct 22, 2026 · 1 audit on recordNew Launch · 14h old

Chart

56/ 100

Medium RiskHow is this score calculated?

How the score breaks downratings: 10 is safest

Technical8/10 Governance3/10 Upgrades4/10 Checks passed4 of 7 Findings2 Medium · 5 Info7

SummaryAI Copilot

The DERC20 contract is a standard ERC-20 implementation with additional governance-controlled minting and transfer-restriction capabilities.

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
LP lock status UNKNOWN — the pool's LP could not be read
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
LP lock status UNKNOWN — the pool's LP could not be read
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

Early-stage analysis. This token has limited on-chain history (14h old). New tokens carry elevated risk — data may change rapidly. Always verify independently before investing.

Security Checklist

as of audit · Oct 224 of 7 checks passed

Contract verifiedVerified

OwnershipRetained

MintMintable

Liquidity lockUnknown

UpgradeabilityFixed code

HoneypotNone found

Buy / sell tax0% / 0%

Holders

as of audit · Oct 22, 20263,034 holders

ContractsWalletsBurnedBubble area = share of supply

100.0%of supply sits with the top 10 holders

Contractstreasury, vesting, bridge, staking80.0%
Walletsanonymous holders, free to sell16.2%
Burnedout of circulation3.8%

Effective concentrationwhat the score reads48.2%

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 22, 2026

Liquidity

as of audit · Oct 22$440.4K

The risk score reads depth across every pair.

LP tokensUnknown

Whether the LP tokens are locked could not be determined.

Analysed pool$440.4KShare of depth100.0%

Security Findings

2 Medium5 Info

Medium

Centralized Minting Authority

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 directly dilutes the value of existing tokens held by users.CP-01

Issue

Fix

Implement a decentralized governance mechanism or a hard-coded minting schedule that limits the owner's ability to arbitrarily increase supply.

Status

Unresolved

Medium

Centralized Control Over Token Transfers

The owner can toggle the isPoolUnlocked switch via the lockPool and unlockPool functions. This allows the owner to unilaterally halt or resume token transfers, effectively freezing user assets at will.CP-05

Issue

Fix

Remove the ability for the owner to pause transfers, or implement a multi-signature requirement and a public notice period before any transfer restrictions are applied.

Status

Unresolved

Info

Who 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%. 3,034 holders in total.QA-HOLDERS

Issue

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

3,034 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

3,034 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 $440K (DexScreener, all pools). 24h trading volume $552K (DexScreener, all pools).QA-MARKET

Issue

Liquidity $440K (DexScreener, all pools). 24h trading volume $552K (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: $440K of DEX liquidity across 1 pools. Launch: under a day of market history.QA-PROFILE

Issue

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

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 22

Executive SummaryWhat the contract is and what the review found

The DERC20 contract is a standard ERC-20 implementation with additional governance-controlled minting and transfer-restriction capabilities. While the code follows standard OpenZeppelin patterns, the centralization of power in the owner address poses a significant risk to token holders. The protocol demonstrates 7.1 Architecture (standard), 7.2 Code Security (high), 7.3 Access Control (centralized), 7.4 Economic (inflationary), 7.5 Governance (owner-centric), 7.6 External (standard), 7.7 Upgrades (N/A), and 7.8 Operations (standard).

Technical8/10Low risk

The contract utilizes well-audited OpenZeppelin libraries for core ERC-20 functionality. Code quality is high, with clear separation of concerns and standard implementation of EIP-712 and ERC-20Votes. The logic for vesting and inflation is correctly implemented, though it relies heavily on the owner's timely execution of administrative functions.

Governance3/10High risk

The economic model is inflationary, allowing the owner to mint tokens up to a 2% annual cap. This provides the owner with significant control over token supply and holder dilution. The governance structure is entirely centralized, lacking a timelock or multi-signature requirement for sensitive operations.

Upgrades4/10Medium risk

The contract is not upgradeable, which provides immutability for the core logic. This eliminates risks associated with proxy storage collisions or malicious implementation swaps. Users can rely on the current code remaining unchanged throughout the contract's lifecycle.

Final RecommendationWhat to do about this score

It is recommended to transition the owner role to a decentralized multi-signature wallet or a DAO governance contract to mitigate the risks of single-point-of-failure.

Additionally, implementing a timelock on sensitive functions like updateMintRate and lockPool would provide transparency and allow the community to react to administrative changes.

Contract & Record

1 audit on record

TypeToken

NetworkBase

Token age14h

Contract0xd037…83e3

Deployer0x1a18…0886

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Audit History

Oct 22, 202656Medium

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

Frequently Asked Questions

What is the USOE contract address?

The US Oil Exchange (USOE) (USOE) contract on Base is 0xd03768a917d2e030d6366d951b7d70b69b0583e3. Compare it with the address the project itself publishes before trading: other contracts can carry the same name and ticker.