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Profit Bank Token Review

Date Started

2021-11-05

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

Profit Bank Token Review + Smart Contract Audit Summary

Profit Bank started 2021-11-05 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.profitbank.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 Profit Bank 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 Profit Bank wherein they have the potential to manipulate price actions and volatility of the token Profit Bank, 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 Profit Bank. So Goodluck and have a safe and happy investing!

Checked using Professional Smart Contract Auditing Tools

Bscheck.eu: 0xf2f087955684Eabdf252A16C7B6620a1e3774515

Honeypot.is: 0xf2f087955684Eabdf252A16C7B6620a1e3774515

Profit Bank Smart Contract Audit Details

Description:

The Profit Bank deflationary token that offers a smart and secure way to invest in crypto, earn compound interest and achieve long term growth of your capital.

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Audit Details

Audited project: Profit Bank

Deployer address: 0x7b6fbaa772048ed2358088c9fdbdfbb4582b15f0

Client contacts: Profit Bank team

Blockchain: Binance Smart Chain

Project website: https://www.profitbank.io/

---

Сontracts Details

Token contract details for 11.11.2021

Contract name: Profit Bank

Contract address: 0xf2f087955684Eabdf252A16C7B6620a1e3774515

Total supply: 100,000,000,000

Token ticker: PBK

Decimals: 6

Token holders: 1,572

Transactions count: 3,927

Top 100 holders dominance: 100.00%

Liquidity fee: 70/50

Tax fee: 30/50

Total fees: 124804105270632

Uniswap V2 pair: 0xa3b6b1d4d91ac934efee493dceaeccacf80f5c25

Contract deployer address: 0x7b6fbaa772048ed2358088c9fdbdfbb4582b15f0

Contract’s current owner address: 0x6c0481a20d3447c48b1fdb3c8cf2efc5e0d85198

---

Profit Bank Token Distribution

Profit Bank Token Distribution

---

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 can change tax and liquidity fees.

• Owner can change maximum transaction amount.

• Owner can change marketingDivisor.

• Owner can change marketing address.

• Owner can enable and disable buyback (unsued).

• Owner can exclude from taxes.

• Owner can change dev divisor.

---

Conclusion

Smart contracts do not contain high severity issues! Liquidity pair contract’s security is not checked due to out of scope. Part of the liquidity goes to marketing and dev addresses. The further transfers and operations with the funds raise are not related to this particular contract.

Liquidity locking details provided by the team: https://dxsale.app/app/v3/dxlplocksearch?id=0&add=0xf2f087955684Eabdf252A16C7B6620a1e3774515&type=lpdefi&chain=BSC

---

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

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