MetaDogeSwap Token Review
MetaDogeSwap Token Review + Smart Contract Audit Summary
MetaDogeSwap started 2021-12-27 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://metadogeswap.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 MetaDogeSwap 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 MetaDogeSwap wherein they have the potential to manipulate price actions and volatility of the token MetaDogeSwap, 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 MetaDogeSwap. So Goodluck and have a safe and happy investing!
Checked using Professional Smart Contract Auditing Tools
Bscheck.eu: 0xaeF865eb62CD27fd173b065Eacd3Da48632E554D
Honeypot.is: 0xaeF865eb62CD27fd173b065Eacd3Da48632E554D
MetaDogeSwap Smart Contract Audit Details
Description
Metadogeswap is blockchain based virtual world and a marketplace for virtual dogs.
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Audit Details
Audited project: MetaDogeSwap
Deployer address: 0xd3829c3e75bdc8f68cf045afa9b494feb7d80985
Client contacts: MetaDogeSwap team
Blockchain: Binance Smart Chain
Project website: https://metadogeswap.com/
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Сontracts Details
Token contract details for 04.01.2022
Contract name: MetaDogeSwap
Contract address: 0xaeF865eb62CD27fd173b065Eacd3Da48632E554D
Total supply: 1,000,000,000,000,000
Token ticker: MDS
Decimals: 9
Token holders: 2
Transactions count: 2
Top 100 holders dominance: 100.00%
Liquidity fee: 9
Tax fee: 4
Total fees: 0
Uniswap V2 pair: 0x3de11285dd48b31480bce7fb4ef5cf720110f6e0
Contract deployer address: 0xd3829c3e75bdc8f68cf045afa9b494feb7d80985
Contract’s current owner address: 0xd3829c3e75bdc8f68cf045afa9b494feb7d80985
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MetaDogeSwap 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
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.
Notes:
• addLiquidity function is not used.
Owner privileges (In the period when the owner is not renounced)
• Owner can change tax and liquidity fees.
• Owner can change maximum transaction amount.
• Owner can exclude from the fee.
• Owner can change marketingDivisor.
• Owner can change minimum number of tokens to add to liquidity.
• Owner can change buyBackUpperLimit.
• Owner can change marketing address.
• Owner can enable and disable buyBack.
• Owner can enable before and after presale modes.
• Owner can lock and unlock. By the way, using these functions the owner could retake privileges even after the ownership was renounced.
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Conclusion
Smart contracts contain low severity issues! Liquidity pair contract’s security is not checked due to out of scope. 5/9 of the liquidity goes to marketing address. The further transfers and operations with the funds raise are not related to this particular contract.
Liquidity locking details NOT provided by the team.
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Source: https://github.com/TechRate/Smart-Contract-Audits/blob/main/January/MetaDogeSwap%20Full%20Smart%20Contract%20Security%20Audit.pdf
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