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 24, 2026
The risk score reads depth across every pair.
Whether the LP tokens are locked could not be determined.
The owner has the authority to call updateMintRate and release, which can increase the total supply of the token. This allows the owner to dilute the holdings of all existing token holders at their discretion, provided they stay within the 2% annual cap.
Implement a timelock for all minting-related functions to ensure that token holders have sufficient notice before supply changes occur. Alternatively, move the minting authority to a decentralized governance DAO.
Unresolved
The functions lockPool and unlockPool allow the owner to toggle a switch that determines whether transfers are permitted. This gives the owner the power to effectively freeze user funds or prevent trading activity at any time.
Remove the ability to arbitrarily lock transfers, or restrict this functionality to a decentralized emergency pause mechanism that requires a community vote to activate.
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: 16.2% in wallets, 80.0% in other contracts. The deployer/owner wallet itself holds 16.2%. 2,576 holders in total.
Watch the largest wallets that are not exchanges, pools or locks — those are the ones that can move the price.
Acknowledged
2,576 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 $163K (DexScreener, all pools). 24h trading volume $380K (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. 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: $163K 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 inflation, pool locking, and vesting releases. While the code follows standard OpenZeppelin patterns, the high degree of administrative control over token supply and transferability introduces significant trust requirements for users.
The contract utilizes well-audited OpenZeppelin libraries for ERC-20, Votes, and Permit functionality. 7.1 Architecture is modular, and 7.2 Code Security is high due to the use of standard, battle-tested implementations. 7.3 Access Control is strictly enforced via Ownable, though it centralizes power. 7.6 External dependencies are minimal and standard.
7.4 Economic and 7.5 Governance aspects are heavily centralized under the owner. The owner has the ability to mint tokens up to a 2% annual limit and control pool liquidity. This creates a risk of supply dilution and arbitrary transfer restrictions that users should be aware of.
7.7 Upgrades are not supported as the contract is not a proxy. 7.8 Operations are straightforward, relying on the owner to trigger vesting and inflation updates. No complex upgrade logic exists to introduce hidden state changes.
The protocol should consider transitioning ownership to a multi-signature wallet or a decentralized governance contract to mitigate the risks associated with a single point of failure.
Implementing a timelock on sensitive functions like updateMintRate would provide transparency and protection against sudden administrative actions. Users should monitor the owner's activity, as the ability to lock pools and mint tokens directly impacts the liquidity and value of their holdings. Ensure that any future changes to the contract logic are communicated clearly to the community.
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Score changes are recorded as dated snapshots — history is append-only and cannot be edited.
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