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MADAGASCAR Token Review

Date Started

2021-08-11

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

MADAGASCAR Token Review + Smart Contract Audit Summary

MADAGASCAR started 2021-08-11 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 Madagascar-crypto.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 MADAGASCAR 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 MADAGASCAR wherein they have the potential to manipulate price actions and volatility of the token MADAGASCAR, 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 MADAGASCAR. So Goodluck and have a safe and happy investing!

Checked using Professional Smart Contract Auditing Tools

Bscheck.eu: 0x12E66b325D407d04A3c96Df60c7196CCf5EA427a

Honeypot.is: 0x12E66b325D407d04A3c96Df60c7196CCf5EA427a

MADAGASCAR Smart Contract Audit Details

Description:

We are a new digital utility charity token focusing on advancing the blockchain thru cross chain functionality along with fun and amazing community changing the world for the better to help our planet and it’s inhabitants gain more $TIME

---

Audit Details

Audited project: MADAGASCAR

Deployer address: 0x89402f981DC8F9AfB3540915487f720a7693fc93

Client contacts: MADAGASCAR team

Blockchain: Binance Smart Chain

Project website: Madagascar-crypto.com

---

Сontracts Details

Token contract details for 08.08.2021

Contract name: MADAGASCAR

Contract address: 0x12E66b325D407d04A3c96Df60c7196CCf5EA427a

Total supply: 1,000,000,000,000,000

Token ticker: $TIME

Decimals: 9

Token holders: 4

Transactions count: 13

Top 100 holders dominance: 100.00%

Liquidity fee: 0

Tax fee: 0

Total fees: 0

Uniswap V2 pair: 0x028f277c837dcf0671687bbf07eff65045a25bfa

Contract deployer address: 0x89402f981DC8F9AfB3540915487f720a7693fc93

Contract’s current owner address: 0x89402f981DC8F9AfB3540915487f720a7693fc93

---

MADAGASCAR Token Distribution

MADAGASCAR 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:

Check that the excluded array length is not too big.

2. Wrong fee transfer.

Issue:

• The function _tokenTransfer() uses _transferStandard(only reflection transfer) function to send burn, marketing and charity fees. If this addresses would be excluded from reward, it will be a high issue.

Recommendation:

Do not exclude fee addresses from reward.

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

• Owner can change charity, dev and community wallets.

• Owner can change the maximum transaction amount.

• Owner can exclude from the fee.

---

Conclusion

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

Liquidity locking details NOT provided by the team.

---

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

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