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Meta Shiba Token Review

Meta Shiba

Date Started
2021-11-08
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




Meta Shiba Token Review + Smart Contract Audit Summary



Meta Shiba started 2021-11-08 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 mshiba.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 Meta Shiba 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 Meta Shiba wherein they have the potential to manipulate price actions and volatility of the token Meta Shiba, 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 Meta Shiba. So Goodluck and have a safe and happy investing!

Checked using Professional Smart Contract Auditing Tools



Bscheck.eu: 0x45d9089109041b3f80859204287ee47734741826


Honeypot.is: 0x45d9089109041b3f80859204287ee47734741826




Meta Shiba Smart Contract Audit Details



Description:

Meta Shiba ($MSHIBA) is here to bring the best of all worlds in one place- the metaverse. $MSHIBA is launched on the Ethereum network (ERC-20 token). 

 

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Audit Details

 

Audited project:META SHIBA

Deployer address: 0x45d9089109041b3f80859204287ee47734741826

Client contacts: META SHIBA team

Blockchain: Ethereum

Project website: mshiba.finance

 

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Сontracts Details

 

Token contract details for 26.11.2021

Contract name: META SHIBA

Contract address: 0x45d9089109041b3f80859204287ee47734741826

Total supply: 2,000,000,000,000,000

Token ticker: MSHIBA

Decimals: 18

Token holders: 658

Transactions count: 4,736

Top 100 holders dominance: 92.35%

Burn fee: 5

Tax fee: 5

Total fees: 19753759877995758498007135471118

Uniswap V2 pair: 0x847e0b52589c9e6fa2dcc42b8ffb34ec924d4cf8

Contract deployer address: 0x9cF77be84214beb066F26a4ea1c38ddcc2AFbcf7

Contract’s current owner address: 0x0000000000000000000000000000000000000000

 

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META SHIBA Token Distribution

 

META SHIBA 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 includeInReward() 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 length is not too big.

 

Notes:

• Fees are taken only on buy and sell.

 

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

• Owner can exclude/include in limit.

• Owner can change the tax and buy/sell fees.

• Owner can change the maximum balance amount.

• Owner can change the number of tokens to add to liquidity.

• Owner can enable/disable fees.

• Owner can exclude from the fee.

• Owner can lock and unlock. By the way, using these functions the owner could retake privileges even after the ownership was renounced.

 

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Conclusion

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

Ownership renounce details are provided by the team: https://etherscan.io/tx/0xca97e58a02a78faf318ae67a0a9c0adf256ad4a24ed1db52d9f91a41feaf4bac

Liquidity locking details are provided by the team: https://etherscan.io/tx/0x8d794b853ddeb309f8219f352a175b1100c3abc32706838b09420b44f3c9056a

 

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

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