Early-stage security check — honeypot & rug-pull analysis
The DERC20 contract is a standard ERC-20 token with additional governance and vesting features.
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 can call updateMintRate and release to increase the total supply of tokens. This allows the owner to dilute the holdings of all existing token holders at their discretion, up to a defined annual limit.
Implement a timelock for minting operations or transition ownership to a DAO to ensure that supply changes are transparent and community-approved.
Unresolved
The owner can use lockPool and unlockPool to enable or disable the ability for tokens to be transferred. This gives the owner the power to effectively freeze user assets or halt trading at any time.
Remove the ability for the owner to arbitrarily lock transfers, or restrict this functionality to a decentralized governance process to prevent abuse.
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%. 2,514 holders in total.
Watch the largest wallets that are not exchanges, pools or locks — those are the ones that can move the price.
Acknowledged
2,514 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 $447K (DexScreener, all pools). 24h trading volume $629K (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: $447K 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 features. The architecture relies on a centralized owner to manage inflation rates and pool access. While the code follows standard OpenZeppelin patterns, the high level of administrative control over token supply and transferability presents a significant centralization risk to token holders.
The contract utilizes well-tested 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, audited base contracts. 7.3 Access Control is strictly enforced via the Ownable pattern, though this creates a single point of failure. 7.8 Operations are straightforward, with clear separation between minting and vesting logic.
7.4 Economic and 7.5 Governance aspects are heavily centralized under the contract owner. The owner has the ability to mint new tokens up to a 2% annual cap and toggle transferability via the pool lock mechanism. This provides the owner with significant influence over the token's market value and liquidity. 7.6 External dependencies are minimal and standard.
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 fixing bugs without a migration. The owner's power is limited to state variables rather than code changes.
To improve security and trust, consider transitioning the ownership of the contract to a multi-signature wallet or a decentralized governance contract.
This would mitigate the risk of a single compromised key performing unauthorized minting or locking user transfers. Additionally, implement a timelock mechanism for all privileged functions such as updateMintRate and lockPool. A delay of 24-48 hours would provide the community with sufficient notice and the ability to react to significant changes in the token's economic parameters.
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Score changes are recorded as dated snapshots — history is append-only and cannot be edited.
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