IDEAS Token Review
IDEAS Token Review + Smart Contract Audit Summary
IDEAS started 2021-11-01 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://www.ideastoken.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 IDEAS 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 IDEAS wherein they have the potential to manipulate price actions and volatility of the token IDEAS, 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 IDEAS. So Goodluck and have a safe and happy investing!
Checked using Professional Smart Contract Auditing Tools
Bscheck.eu: 0x1C61a220a0F1DfC750D28188a97a6c7bF14E9851
Honeypot.is: 0x1C61a220a0F1DfC750D28188a97a6c7bF14E9851
IDEAS Smart Contract Audit Details
Description:
IDEAS – The Crypto Kick-Starter.
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Audit Details
Audited project: IDEAS
Deployer address: 0xdbf6530dac179acbafabdbdcf4014ef00f694f2e
Client contacts: IDEAS team
Blockchain: Binance Smart Chain
Project website: https://www.ideastoken.com
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Сontracts Details
Token contract details for 09.11.2021
Contract name: IDEAS
Contract address: 0x1C61a220a0F1DfC750D28188a97a6c7bF14E9851
Total supply: 300,000,000
Token ticker: IDS
Decimals: 18
Token holders: 155
Transactions count: 1,164
Top 100 holders dominance: 99.60%
Contract deployer address: 0xdbf6530dac179acbafabdbdcf4014ef00f694f2e
Contract’s current owner address: 0x0000000000000000000000000000000000000000
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IDEAS Token Distribution
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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.
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Conclusion
Smart contracts do not contain high severity issues! Liquidity pair contract’s security is not checked due to out of scope.
Liquidity locking details provided by the team:
LP token Lock: https://dxsale.app/app/v3/dxlockview?id=0&add=0xDBF6530DaC179aCbaFaBdBDCF4014EF00F694F2E&type=lplock&chain=BSC
80% of our budget wallet is locked for 6 months: https://dxsale.app/app/v3/dxlockview?id=0&add=0xF7AAbb9d0D0338AD77B3c85B02b992886bd739B2&type=tokenlock&chain=BSC/
budget wallet Address: 0xF7AAbb9d0D0338AD77B3c85B02b992886bd739B2
83% of our Marketing wallet is locked for 2 months: https://dxsale.app/app/v3/dxlockview?id=0&add=0xced7AfF17339CEdCDa3B2C1245B7C6edf395c5eb&type=tokenlock&chain=BSC/
Marketing wallet Address: 0xced7AfF17339CEdCDa3B2C1245B7C6edf395c5eb the 5% team wallet, which we decide that will never be used, and maybe will be burned
later, this wallet is locked for 1 year: https://dxsale.app/app/v3/dxlockview?id=0&add=0x331cfFa448b031dDA93B1a690661F29026Dbe2af&type=tokenlock&chain=BSC/
Dev Wallet Address: 0x331cfFa448b031dDA93B1a690661F29026Dbe2af
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