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Etherland Token Review

Date Started

2021-03-18

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

Etherland Token Review + Smart Contract Audit Summary

Etherland started 2021-03-18 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://www.elandatlas.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 Etherland 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 Etherland wherein they have the potential to manipulate price actions and volatility of the token Etherland, 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 Etherland. So Goodluck and have a safe and happy investing!

Checked using Professional Smart Contract Auditing Tools

Bscheck.eu: 0x33E07f5055173cF8FeBedE8B21B12D1e2b523205

Honeypot.is: 0x33E07f5055173cF8FeBedE8B21B12D1e2b523205

Etherland Smart Contract Audit Details

Description:

Etherland is connecting physical real estate and world places' data with a digital layer built on the Ethereum Blockchain and IPFS.

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Audit Details

Audited project: Etherland

Deployer address: 0x21fac178e0b0df2db51a06d52b32de4479a8b3f1

Client contacts: Etherland team

Blockchain: Ethereum

Project website: https://www.elandatlas.com

---

Etherland Token Distribution

Etherland 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 batchTransfer() uses the loop to multiple transfer. Function will be aborted with OUT_OF_GAS exception if there will be a long addresses list.

Recommendation:

Check that the addresses array length is not too big.

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

• Owner can change code address.

• Owner can change landidNftAddress and landRegistration addresses.

• NFTAdmin can change recordRightsOffers.

• NFTAdmin can open/close land registry.

• NFTAdmin can consume record right.

---

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/November/Etherland%20Full%20Smart%20Contract%20Security%20Audit.pdf

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