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SaitamaX Token Review

SaitamaX

Date Started
2021-10-06
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




SaitamaX Token Review + Smart Contract Audit Summary



SaitamaX started 2021-10-06 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://saitamax.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 SaitamaX 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 SaitamaX wherein they have the potential to manipulate price actions and volatility of the token SaitamaX, 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 SaitamaX. So Goodluck and have a safe and happy investing!

Checked using Professional Smart Contract Auditing Tools



Bscheck.eu: 0xC795fBa221f7920F1C6ac0f1598886742D8Ea661


Honeypot.is: 0xC795fBa221f7920F1C6ac0f1598886742D8Ea661




SaitamaX Smart Contract Audit Details



Description:

SaitamaX wants to give the community a platform with incentive tokenomics and the upcoming Anime NFT collection & partnerships.

 

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Audit Details

 

Audited project: SaitamaX

Deployer address: 0xff3b571f74005101c3773d9fa0c47f3c820d1a4c

Client contacts: SaitamaX team

Blockchain: Ethereum

Project website: https://saitamax.io/

 

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Сontracts Details

 

Token contract details for 28.10.2021

Contract name: SaitamaX

Contract address: 0xC795fBa221f7920F1C6ac0f1598886742D8Ea661

Total supply: 100,000,000,000,000

Token ticker: SaitaX

Decimals: 9

Token holders: 1,074

Transactions count: 2,561

Top 100 holders dominance: 77.12%

Marketing fee: 11

Tax fee: 1

Total fees: 4396425131192039368250

Uniswap V2 pair: 0x037a4245bf5f656571e7f54fa95ab4a9d30e9b73

Contract deployer address: 0xff3b571f74005101c3773d9fa0c47f3c820d1a4c

Contract’s current owner address: 0x0000000000000000000000000000000000000000

 

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SaitamaX Token Distribution

 

SaitamaX 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 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.

• The function addToBlackList() uses the loop to add addresses from function argument to blacklist. It also could be aborted with OUT_OF_GAS exception if there will be a long addresses list.

Recommendation:

Check that the array length is not too big.

 

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

• Owner can change fees.

• Owner can change the maximum transaction amount.

• Owner can remove addresses from blacklist.

• Owner can exclude from the fee.

• Owner can change number of tokens to exchange for marketing.

• Owner can change marketing wallet.

 

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Conclusion

Smart contracts contain low severity issues! Liquidity pair contract’s security is not checked due to out of scope. Fee increases on sell.

Liquidity locking details provided by the team: https://app.unicrypt.network/amm/univ2/token/0xC795fBa221f7920F1C6ac0f1598886742D8Ea661

 

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

 

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