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SparkLab Token Review

SparkLab

Date Started
2021-11-04
Active
Yes
Honeypot?
Possible
Smart Contract Code Structure
Obscure
Ownership Renounced?
No
Whales Spotted?
Yes
Over-all Ratings
Bad
Conclusion
High Risk of getting RUG-PULLED




SparkLab Token Review + Smart Contract Audit Summary



SparkLab started 2021-11-04 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://thesparklab.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 SparkLab 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 SparkLab wherein they have the potential to manipulate price actions and volatility of the token SparkLab, 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 SparkLab. So Goodluck and have a safe and happy investing!

Checked using Professional Smart Contract Auditing Tools



Bscheck.eu: 0x683b383E9D6Cc523F4C9764daceBB5752892fc53


Honeypot.is: 0x683b383E9D6Cc523F4C9764daceBB5752892fc53




SparkLab Smart Contract Audit Details



Description:

Sparklab is a next generation portfolio tracker with unique features like multi sell and rugpull protector.

 

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Audit Details

 

Audited project: SparkLab

Deployer address: 0xD8959d3b64E1Cd313F524debD7AcB918E0bFFdc9

Client contacts: SparkLab team

Blockchain: Binance Smart Chain

Project website: https://thesparklab.io/

 

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Сontracts Details

 

Token contract details for 23.10.2021

Contract name: SparkLab

Contract address: 0x683b383E9D6Cc523F4C9764daceBB5752892fc53

Total supply: 1,000,000,000

Token ticker: Spark

Decimals: 18

Token holders: 1

Transactions count: 1

Top 100 holders dominance: 100.00%

Contract deployer address: 0xD8959d3b64E1Cd313F524debD7AcB918E0bFFdc9

Contract’s current owner address: 0xD8959d3b64E1Cd313F524debD7AcB918E0bFFdc9

 

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SparkLab Token Distribution

 

SparkLab 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

 No low severity issues found.

 

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

• Owner and wallet address can change swapThreshold value.

• Owner and wallet address can change overLiquifyThreshold value.

• Owner and wallet address can change buy, sell, transfer, burn, marketing and liquidity taxes.

• Owner and wallet address can include in and exclude from buy / sell taxes.

• Owner and wallet address can enable / disable automatic swap.

• Owner and wallet address can swap contract tokens without limit.

• Owner and wallet address can include in and exclude from fees.

• Owner and wallet address can enable trading.

• Owner and wallet address can change liquidity release to 20%.

• Owner and wallet address can lock liquidity for a time.

• Owner and wallet address can release liquidity tokens once unlock time is over.

 

 

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Conclusion

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

Liquidity locking details NOT provided by the team.

 

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

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