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ICEBERG Token Review

Date Started

2021-12-20

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

ICEBERG Token Review + Smart Contract Audit Summary

ICEBERG started 2021-12-20 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://icebergprotocol.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 ICEBERG 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 ICEBERG wherein they have the potential to manipulate price actions and volatility of the token ICEBERG, 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 ICEBERG. So Goodluck and have a safe and happy investing!

Checked using Professional Smart Contract Auditing Tools

Bscheck.eu: https://icebergprotocol.com/

Honeypot.is: https://icebergprotocol.com/

ICEBERG Smart Contract Audit Details

Description

The Coolest Way to Burn Tokens.

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Audit Details

Audited project: ICEBERG

Deployer address: 0x6b75c7d0411d4670cc520a94e603a6ea6986aaa2

Client contacts: ICEBERG team

Blockchain: Binance Smart Chain

Project website: https://icebergprotocol.com/

---

Сontracts Details

Token contract details for 04.01.2022

Contract name: ICEBERG

Contract address: 0xc22E223C332E51340cc80FFBEeAC088fD026AD2E

Total supply: 100,000,000

Token ticker: ICEBERG

Decimals: 18

Token holders: 3,566

Transactions count: 48,789

Top 100 holders dominance: 86.43%

Marketing wallet: 0x88eca0a7bd82530243cc8883ba8ec5c9d6c47119

Buyback wallet: 0xf2fe6749a67a624265fd9c19ddeeb52954f9adbe

Sell / Buy Total fees: 20 / 5

Uniswap V2 pair: 0x98cdfe14d56e0ed45f69c8f6399b53fc61cf9be6

Contract deployer address: 0x6b75c7d0411d4670cc520a94e603a6ea6986aaa2

Contract’s current owner address: 0x6b75c7d0411d4670cc520a94e603a6ea6986aaa2

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ICEBERG Token Distribution

ICEBERG 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 blackListAddresses() and unblackListAddresses() uses the loop to blacklist addresses from the list. Function will be aborted with OUT_OF_GAS exception if there will be a long addresses list.

Recommendation:

Check that the excluded array length is not too big.

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

• Owner can enable/disable decreasing taxes.

• Owner can include/exclude addresses in _isExcludedFromContractBuyingLimit array.

• Owner can enable/disable trading.

• Owner can enable/disable transfer delay.

• Owner can blacklist addresses.

• Owner can change blacklist fee.

• Owner can enable/disable limitsInEffect.

• Owner can change swapTokensAtAmount value.

• Owner can change maximum transaction amount.

• Owner can change maximum wallet amount.

• Owner can exclude from maximum transaction amount.

• Owner can enable / disable swap.

• Owner can change buy/sell fees.

• Owner can include in and exclude from fees.

• Owner can include in and exclude from addresses in

automatedMarketMakerPairs array.

• Owner can change marketing and buyback wallets.

• Owner can withdraw contract BNBs and ERC20 tokens.

• Owner can manually buyback wallet.

---

Conclusion

Smart contracts contain low severity issues! Liquidity pair contract’s security is not checked due to out of scope. Blacklist fee is 99%.

Liquidity locking details provided by the team: https://dxsale.app/app/v3/dxlockview?id=0&add=0x6b75c7d0411d4670Cc520A94e603A6EA6986AAA2&type=lplock&chain=BSC

---

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

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