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Electrinity Token Review

Date Started

2021-10-21

Active

Yes

Honeypot?

Possible

Smart Contract Code Structure

Obscure

Ownership Renounced?

Whales Spotted?

Yes

Over-all Ratings

Conclusion

High Risk of getting RUG-PULLED

Electrinity Token Review + Smart Contract Audit Summary

Electrinity started 2021-10-21 and it's currently active, based on the in-depth smart contract audit from different sources and upon checking it's website and other instances like the developers behind this project we can obviously tell based on it's over-all ratings which is and has a HUGE RISK of getting RUG-PULLED.

The basis of our audit came from different areas like how professionally done was their website, their roadmap if it is being followed diligently, social media pages, mission and vision as well as their whitepaper that you can find on their website https://electrinity.io/, also we use verified and well established auditing tools like honeypot.is wherein this NFT was found out that it is a POSSIBLE honeypot trap wherein the smart contract dictates that you can buy but you cannot sell it in the future, although at some point there are others sneaky developers that enable the "selling" feature but after some time they disable it once lots of investors already dive-in.

We have a way of detecting that kind of trick and for this token Electrinity we can absolutely tell that it has a high possibility of being a honeypot trap, our basis lies on their Smart Contract Code Structure which is OBSCURE and contains malicious codes in nature, only scammers with unreadable and obscure codes have had the bad intentions to do something fishy in the long run, another thing to take note is if the ownership of the token is either renounced or not, for this token, the answer is No.

Another basis we are considering if a token is risky of getting rug pulled is if there are whales spotted on the holders, whales refers to those individuals or entities that hold large shares or percentage of the token Electrinity wherein they have the potential to manipulate price actions and volatility of the token Electrinity, so for this token the answer is Yes it has whales.

Therefore we conlude that this token has a High Risk of getting RUG-PULLED in the future, this is not a financial advise, it's always up to you to invest or not on this token, we are here only to give our insights based on the evidences and calculations we made on the smart contract of Electrinity. So Goodluck and have a safe and happy investing!

Checked using Professional Smart Contract Auditing Tools

Bscheck.eu: 0xEe6D0Eb5686BD56BE5bb31e99afD58EcdB24e9d3

Honeypot.is: 0xEe6D0Eb5686BD56BE5bb31e99afD58EcdB24e9d3

Electrinity Smart Contract Audit Details

Description:

Electrinity (ELIT) is an enterprise that aims for the world of cryptocurrencies and renewable energy to work together.

---

Audit Details

Audited project: Electrinity

Deployer address: 0x2B5BC43a1A874B4c6698F1C96E1b5279C37D2502

Client contacts: Electrinity team

Blockchain: Binance Smart Chain

Project website: https://electrinity.io/

---

Сontracts Details

Token contract details for 24.10.2021

Contract name: Electrinity

Contract address: 0xEe6D0Eb5686BD56BE5bb31e99afD58EcdB24e9d3

Total supply: 100,000,000

Token ticker: ELIT

Decimals: 18

Token holders: 3

Transactions count: 8

Top 100 holders dominance: 100.00%

Contract deployer address: 0x2B5BC43a1A874B4c6698F1C96E1b5279C37D2502

Contract’s current owner address; 0x901B56DA3785E1A4f7E5D22C6f140543F7431B37

---

Electrinity Token Distribution

Electrinity Token Distribution

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Issues Checking Status

Issues Checking Status

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Security Issues

High Severity Issues

No high severity issues found.

Medium Severity Issues

No medium severity issues found.

Low Severity Issues

1. Out of gas

Issue:

• The function batch() uses the loop to transfer for addresses list. Function will be aborted with OUT_OF_GAS exception if there will be a long addresses list.

Recommendation:

Check that the array length is not too big.

Owner privileges (In the period when the owner is not renounced)

• Owner can change name and symbol of the contract.

• Owner can enable / disable transfers.

---

Conclusion

Smart contracts contain low severity issues and owner privileges!

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Source: https://github.com/TechRate/Smart-Contract-Audits/blob/main/October/Electrinity%20Full%20Smart%20Contract%20Security%20Audit.pdf

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