SPAY Token Review
SPAY Token Review + Smart Contract Audit Summary
SPAY started 2021-10-22 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://spay.finance/, 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 SPAY 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 SPAY wherein they have the potential to manipulate price actions and volatility of the token SPAY, 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 SPAY. So Goodluck and have a safe and happy investing!
Checked using Professional Smart Contract Auditing Tools
Bscheck.eu: 0xb21225F833f2Fb1BE7d88Ee5347aae001F5b5DB1
Honeypot.is: 0xb21225F833f2Fb1BE7d88Ee5347aae001F5b5DB1
SPAY Smart Contract Audit Details
Description:
SPAY aims to provide a decentralized, private and instant payment method based on cryptocurrency.
---
Audit Details
Audited project: SPAY
Deployer address: 0xb73d7e1e3de444d6f83a1bef51478c8d30d2acbe
Client contacts: SPAY team
Blockchain: Binance Smart Chain
Project website: https://spay.finance/
---
SPAY Token Distribution
---
Issues Checking Status
---
Security Issues
High Severity Issues
1. Access rights
Issue:
• The function forceConsiderAsSnipe() has only public access modifier without onlyOwner. So anybody can call this function.
Recommendation:
Be careful about including in sensitive arrays.
Medium Severity Issues
No medium severity issues found.
Low Severity Issues
2. Out of gas
Issue:
• The function excludeMultipleAccountsFromFees() uses the loop to exclude multiple accounts from fees. Function will be aborted with OUT_OF_GAS exception if there will be a long addresses list.
• The function excludeMultipleAccountsFromSnipe() uses the loop to exclude multiple accounts from snipe. Function will be aborted with OUT_OF_GAS exception if there will be a long addresses list.
Recommendation:
Be careful about accounts array length.
Notes:
• Dividend tracker may be changed. So that logic of setBalance and other functions could be another and not audited.
• Staking bonus automatically removes only in transferring method.
• When user reinvests tokens, automatic process is true but allowAutoReinvest is false contract will not charge dividends.
• If user not staking rewards will not charge.
Owner privileges (In the period when the owner is not renounced)
• Owner can change staking bonus for duration.
• Owner can enable trading.
• Owner can add addresses in multiple exclusions.
• Owner can enable/disable staking.
• Owner can change max wallet token.
• Owner can start/stop block/kill snipers.
• Owner can enable/disable killPermanentSnipeEnabled.
• Owner can change swapTokensAtAmount and maxSellTransactionAmount for buy and sell.
• Owner can change dividend tracker.
• Owner can change operations 1 and 2 addresses.
• Owner can change Uniswap router address.
• Owner can exclude from the fees and snipe.
• Owner can enable/disable swap and liquify.
• Owner can exclude and include addresses in automatedMarketMakerPairs array.
• Owner can allow custom tokens and allow reinvest.
• Owner can change liquidity wallet.
• Owner can change gas for processing.
• Owner can change fees.
• Owner can pause dividends.
• Owner can change allow tokens.
• Owner can manually swap and set dividends.
---
Conclusion
Smart contracts contain high severity issues! Liquidity pair contract’s security is not checked due to out of scope. The further transfers and operations with the funds raise are not related to this particular contract.
Liquidity locking details are provided by the team: https://dxsale.app/app/v3/dxlockview?id=0&add=0xb73D7E1E3DE444d6F83a1bef51478c8D30D2acbE&type=lplock&chain=BSC
---
.
RELATED NFT's
A list of related NFT's. The following list contains the top latest NFT's and new token crowdsales for crypto investors, as well as this list provides a glimpse overview to indicate which NFT is a suitable/worthwhile for an investment.
