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 rates and pool access. While the code follows standard OpenZeppelin patterns, the high degree of administrative control poses a significant centralization risk to token holders.
Early-stage security check — honeypot & rug-pull analysis
Is World Oil Supply Exchange 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
- 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 → 48.3% 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.
Whether the LP tokens are locked could not be determined.
Security Findings
MediumCentralized Minting Authority
The owner can call updateMintRate and release to increase the total supply of the token. This allows the owner to dilute the holdings of all existing token holders at their discretion.CP-01
Issue
The owner can call updateMintRate and release to increase the total supply of the token. This allows the owner to dilute the holdings of all existing token holders at their discretion.
Fix
Implement a hard cap on the total supply or move the minting authority to a decentralized governance process with a mandatory timelock.
Status
Unresolved
MediumCentralized Transfer Control
The owner can use lockPool and unlockPool to enable or disable transfers for specific pools. This gives the owner the ability to effectively freeze user funds or restrict liquidity at any time.CP-05
Issue
The owner can use lockPool and unlockPool to enable or disable transfers for specific pools. This gives the owner the ability to effectively freeze user funds or restrict liquidity at any time.
Fix
Remove the ability for the owner to arbitrarily halt transfers, or restrict this functionality to a decentralized emergency pause mechanism.
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%. 2,010 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%. 2,010 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
2,010 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
2,010 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 $53K (DexScreener, all pools). 24h trading volume $207K (DexScreener, all pools).QA-MARKET
Issue
Liquidity $53K (DexScreener, all pools). 24h trading volume $207K (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. 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: $53K 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. 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: $53K 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 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 the scope of administrative power is broad. 7.8 Operations are standard, with no complex logic outside of the minting and vesting mechanisms.
7.4 Economic and 7.5 Governance aspects are heavily centralized. The owner has the ability to mint tokens and halt pool transfers, which directly impacts token value and liquidity. 7.6 External dependencies are minimal, but the reliance on the owner's address for critical state changes is a significant trust requirement.
7.7 Upgrades are not supported as the contract is not a proxy. The logic is immutable, which provides security against malicious logic updates but prevents patching if a vulnerability is discovered. The owner's power is limited to parameter updates rather than code changes.
To improve security, consider transitioning the ownership to a multi-signature wallet or a decentralized governance contract (DAO) to mitigate the risk of a single point of failure.
Implementing a timelock on all privileged functions would provide transparency and allow the community to react to administrative changes.
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, 202658Medium
Score changes are recorded as dated snapshots — history is append-only and cannot be edited.
Frequently Asked Questions
What is the WOSE contract address?
The World Oil Supply Exchange (WOSE) contract on Base is 0x9c897adb609712e7504faa827b3a3e0973a4b4d7. Compare it with the address the project itself publishes before trading: other contracts can carry the same name and ticker.
Is World Oil Supply Exchange a scam?
Quantum Audit's risk score for World Oil Supply Exchange is 58/100 (Medium risk) as of Oct 21, 2026, computed by a deterministic function from on-chain facts — Contract verified: Verified; Ownership: Retained; Mint: Mintable; Upgradeability: Fixed code; Honeypot: None found; Buy / sell tax: 0% / 0%. A score is a dated snapshot of those facts, not a guarantee; each one is listed on this page.
Who holds WOSE?
As of Oct 21, 2026, the 10 largest holders own 100.0% of the supply across 2,010 holders. The Holders section on this page shows who they are by holder type.
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