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Binosaurs Token Review

Date Started

2021-11-09

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

Binosaurs Token Review + Smart Contract Audit Summary

Binosaurs started 2021-11-09 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://binosaurs.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 Binosaurs 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 Binosaurs wherein they have the potential to manipulate price actions and volatility of the token Binosaurs, 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 Binosaurs. So Goodluck and have a safe and happy investing!

Checked using Professional Smart Contract Auditing Tools

Bscheck.eu: 0x7fDd003D3B61dDA10429C1EbB502Ec02946219cc

Honeypot.is: 0x7fDd003D3B61dDA10429C1EbB502Ec02946219cc

Binosaurs Smart Contract Audit Details

Description:

Built with the community in mind, Binosaurs is a brand-new type of project focused on consistently reinvesting the project yield into marketing, development, and exciting giveaways!

---

Audit Details

Audited project: BinosaursToken

Deployer address: 0xf50afc2ac59202c5618b32d36bb9a68180cbf1c0

Client contacts: BinosaursToken team

Blockchain: Binance Smart Chain

Project website: https://binosaurs.io/

---

Сontracts Details

Token contract details for 14.11.2021

Contract name: BinosaursToken

Contract address: 0x7fDd003D3B61dDA10429C1EbB502Ec02946219cc

Total supply: 1,000,000,000

Token ticker: BINOSAURS

Decimals: 9

Token holders: 1,580

Transactions count: 13,416

Top 100 holders dominance: 91.33%

Total fees: 4

Pair: 0xe84a1757fcd2c6ba1b2bf5a68f7ba256e7dcc262

Contract deployer address: 0xf50afc2ac59202c5618b32d36bb9a68180cbf1c0

Contract’s current owner address: 0xf50afc2ac59202c5618b32d36bb9a68180cbf1c0

---

BinosaursToken Token Distribution

BinosaursToken Token Distribution

---

Issues Checking Status

Issues Checking Status

---

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 Batchtransfer() uses the loop to transfer for multiple accounts. Function will be aborted with OUT_OF_GAS exception if there will be a long addresses list.

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

• Owner can change Uniswap router.

• Owner can include in and exclude from fee.

• Owner can change token amount to start swap.

• Owner can update marketing address.

• Owner can withdraw ERC20 tokens.

• Owner can launch contract.

---

Conclusion

Smart contracts contain low severity issues and owner privileges.

Liquidity pair contract’s security is not checked due to out of scope.

Liquidity locking details provided by the team: https://dxsale.app/app/v3/dxlplocksearch?id=0&add=0x7fDd003D3B61dDA10429C1EbB502Ec02946219cc&type=lpdefi&chain=BSC

https://dxsale.app/app/v3/dxtokenlocksearch?id=0&add=0x7fDd003D3B61dDA10429C1EbB502Ec02946219cc&type=tokenlock&chain=BSC

---

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

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