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ElongF Token Review

Date Started

2021-05-01

Active

Yes

Honeypot?

Possible

Smart Contract Code Structure

Obscure

Ownership Renounced?

Whales Spotted?

Yes

Over-all Ratings

Bad

Conclusion

High Risk of getting RUG-PULLED

ElongF Token Review + Smart Contract Audit Summary

ElongF started 2021-05-01 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 Bad 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://elongfbsc.com, 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 ElongF 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 ElongF wherein they have the potential to manipulate price actions and volatility of the token ElongF, 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 ElongF. So Goodluck and have a safe and happy investing!

Checked using Professional Smart Contract Auditing Tools

Bscheck.eu: 0x7c1ec1cbd131c9a492c973717172fdbd8925aba5

Honeypot.is: 0x7c1ec1cbd131c9a492c973717172fdbd8925aba5

ElongF Smart Contract Audit Details

Description:

Community driven frictionless and yield generating protocol with fair universal currency

---

Audit details:

Audited project: ElongF

Deployer address: 0x60badcfdfc43eaa20bbe551ef1cbc134df0d2774

Client contacts: ElongF team

Blockchain: Binance Smart Chain

Project website: https://elongfbsc.com

---

Contracts details

Token contract details for 06.05.2021.

Contract name: ElongF

Contract address: 0x7c1ec1cbd131c9a492c973717172fdbd8925aba5

Total supply: 5000000000000000000000000

Token ticker: ElongF

Decimals: 18

Token holders: 763

Transactions count: 4127

Top 100 holders dominance: 93.06 %

Liquidity fee: 2

Tax fee: 2

Total fees: 249956362900161967391900

Uniswap V2 pair: 0x6d62921dba4db96599c2e87a39927ed3376bb906

Contract deployer address: 0x60badcfdfc43eaa20bbe551ef1cbc134df0d2774

Contract’s current owner address: 0x0000000000000000000000000000000000000000

---

ElongF token distribution

ElongF token distribution

---

Issues Checking Status

Issues Checking Status

---

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 includeInReward() uses the loop to find and remove addresses from the _excluded list. Function will be aborted with OUT_OF_GAS exception if there will be a long excluded addresses list.

❏ The function _getCurrentSupply also uses the loop for evaluating total supply. It also could be aborted with OUT_OF_GAS exception if there will be a long excluded addresses list.

Recommendation:

Use EnumerableSet instead of array or do not use long arrays.

---

Conclusion

Smart contracts do not contain high severity issues! The liquidity pair contract’s security is not checked due to being out of scope.

---

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

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