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Safe Energy Token Review

Date Started

2021-06-11

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

Safe Energy Token Review + Smart Contract Audit Summary

Safe Energy started 2021-06-11 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.safeenergy.club, 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 Safe Energy 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 Safe Energy wherein they have the potential to manipulate price actions and volatility of the token Safe Energy, 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 Safe Energy. So Goodluck and have a safe and happy investing!

Checked using Professional Smart Contract Auditing Tools

Bscheck.eu: 0xbbe899c61198d1826a43e20ea19efc46e50c2b00

Honeypot.is: 0xbbe899c61198d1826a43e20ea19efc46e50c2b00

Safe Energy Smart Contract Audit Details

Description:

Safe Energy, the more Deflationary and yield liquidity pool the EnergyX Burning generation protocol.

---

Audit details:

Audited project: Safe Energy

Deployer address: 0x9bb5b05f66edcfbc9cc0c79df75f34ad4b5c953e

Client contacts: Safe Energy team

Blockchain: Binance Smart Chain

Project website: https://www.safeenergy.club

---

Contracts details

Token contract details for 15.05.2021.

Contract name: Safe Energy

Contract address: 0xbbe899c61198d1826a43e20ea19efc46e50c2b00

Total supply: 91391874828424587857199

Token ticker: EnergyX

Decimals: 8

Token holders: 569

Transactions count: 1135

Top 100 holders dominance: 94.83 %

Burn fee rate: 500

Tax fee rate: 500

Total fees: 8608125171575412142801

Total burnt: 8608125171575412142801

Contract deployer address: 0x9bb5b05f66edcfbc9cc0c79df75f34ad4b5c953e

Contract’s current owner address: 0x000000000000000000000000000000000000dead

---

Safe Energy token distribution

Safe Energy token distribution

---

Issues Checking Status

Safe Energy Issues checking Startus

---

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 includeAccount 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 list is not too big.

---

Conclusion

Smart contracts do not contain high severity issues!

Ownership renounced tx - https://bscscan.com/tx/0x50522b3fbd97937e6ea732e440a8ca50b8f381479c9 d1c715c1261063c9e584f

Liquidity locking details provided by the team - https://dxsale.app/app/pages/dxlockview?id=0&add=0x9bb5B05F66edCFbC9CC0c79Df75F34Ad4B5c953e&type=lplock&chain=BSC

---

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

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