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TCW Token Review

TCW

Date Started
2021-12-19
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




TCW Token Review + Smart Contract Audit Summary



TCW started 2021-12-19 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.thecrypto.watch, 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 TCW 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 TCW wherein they have the potential to manipulate price actions and volatility of the token TCW, 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 TCW. So Goodluck and have a safe and happy investing!

Checked using Professional Smart Contract Auditing Tools



Bscheck.eu: 0x2478d6c228c75EAf53c60707D0102F7bFE1aE379


Honeypot.is: 0x2478d6c228c75EAf53c60707D0102F7bFE1aE379




TCW Smart Contract Audit Details



Description

Write to Earn DeFi NFT Writing Platform. We have decided to bring a new platform on the market that will help users create better content.

 

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Audit Details

 

Audited project: TCW Token

Deployer address: 0xe465bf97175d0d0aaafa249d1535987530f7ef5d

Client contacts: TCW Token team

Blockchain: Binance Smart Chain

Project website: https://www.thecrypto.watch

 

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TCW Token Token Distribution

 

TCW Token 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 setMNF() uses the loop to include/exclude addresses from fee. Function will be aborted with OUT_OF_GAS exception if there will be a long addresses list.

• The function setAB() also uses the loop for restrict addresses. It also could be aborted with OUT_OF_GAS exception if there will be a long addresses list.

 

Recommendation:

Check that the arrays’ length is not too big.

 

Notes:

• _transferFrom function adds tokens amount to sender’s balance if it equals to zero.

 

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

• Owner can open trading.

• Owner can change setCount value.

• Owner can change max wallet amount.

• Owner can manually swap back.

• Owner can include in and exclude from dividends.

• Owner can include in and exclude from fee.

• Owner can change fees.

• Owner can change swapThreshold value.

• Owner can enable / disable swap.

• Owner can change fee receivers.

• Owner can add / remove pair.

• Owner can enable / disable fees on normal transfers.

• Owner can enable / disable restriction for addresses.

• Owner can withdraw contract BNBs.

• Owner can withdraw IBEP20 tokens.

 

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Conclusion

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

Liquidity locking details are provided by the team: https://dxsale.app/app/v3/dxlockview?id=0&add=0xe465bF97175D0d0AAAfA249D1535987530F7EF5D&type=lplock&chain=BSC

 

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

 

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