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ADAcash Token Review

ADAcash

Date Started
2021-10-27
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




ADAcash Token Review + Smart Contract Audit Summary



ADAcash started 2021-10-27 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://adacash.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 ADAcash 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 ADAcash wherein they have the potential to manipulate price actions and volatility of the token ADAcash, 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 ADAcash. So Goodluck and have a safe and happy investing!

Checked using Professional Smart Contract Auditing Tools



Bscheck.eu: 0x651a89fed302227d41425235F8E934502FB94C48


Honeypot.is: 0x651a89fed302227d41425235F8E934502FB94C48




ADAcash Smart Contract Audit Details



Description:

A revolutionary new token that earns you ADA reflections just for holding. Each buy/sell 8% tax is sent out to every holder every 60 minutes!

 

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Audit Details

 

Audited project: ADAcash

Deployer address: 0xdc3768ec07c6c17f6f8bbe8db7693a699a5ce116

Client contacts: ADAcash team

Blockchain Binance Smart Chain

Project website: https://adacash.io/

 

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Сontracts Details

 

Token contract details for 28.10.2021

Contract name: ADAcash

Contract address: 0x651a89fed302227d41425235F8E934502FB94C48

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

Token ticker: ADAcash

Decimals: 18

Token holders: 3,527

Transactions count: 16,572

Top 100 holders dominance: 85.63%

Dividend tracker: 0xc0908ea0b6642ab8dfb1fcb4cde432a1a5fe6067

Total fees: 15

ADA rewards fee: 8

Uniswap V2 pair: 0x504d67fe989eed20871551f961071b1275fdd17b

Contract deployer address: 0xdc3768ec07c6c17f6f8bbe8db7693a699a5ce116

Contract’s current owner address: 0xdc3768ec07c6c17f6f8bbe8db7693a699a5ce116

 

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ADAcash Token Distribution

 

ADAcash 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 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.

 

Recommendation:

Be careful about accounts array length.

 

Notes:

• Owner can change dividend tracker that could be not audited and some functions may work in different ways.

 

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

• Owner can change dividend tracker.

• Owner can change Uniswap router address.

• Owner can exclude from the fees.

• Owner can blacklist addresses.

• Owner can change liquidity, marketing and ADA reward fees.

• Owner can exclude and include addresses in automatedMarketMakerPairs array.

• Owner can exclude from dividends.

• Owner can change marketing wallet.

• Owner can change gas for processing.

• Owner can update claimWait value.

• Owner can change maxTxAmount.

• Owner can change maxWalletBalance.

 

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Conclusion

Smart contracts contain low 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://deeplock.io/lock/0x504D67Fe989eed20871551f961071b1275fDD17b

 

 

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

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