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SHIBA CLASSIC Token Review

Date Started

2021-10-28

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

SHIBA CLASSIC Token Review + Smart Contract Audit Summary

SHIBA CLASSIC started 2021-10-28 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://shibactokens.com/, 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 SHIBA CLASSIC 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 SHIBA CLASSIC wherein they have the potential to manipulate price actions and volatility of the token SHIBA CLASSIC, 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 SHIBA CLASSIC. So Goodluck and have a safe and happy investing!

Checked using Professional Smart Contract Auditing Tools

Bscheck.eu: 0x2675BF8F10BB3486464B303e42caA0AeaC404181

Honeypot.is: 0x2675BF8F10BB3486464B303e42caA0AeaC404181

SHIBA CLASSIC Smart Contract Audit Details

Description:

From its inception, $SHIBAC has done things differently. Starting with a supply of 1 trillion, our founder, Liquidity will be Locked in PancakeSwap, then “burned” the 6% each transaction for safekeeping.

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Audit Details

Audited project: SHIBA CLASSIC

Deployer address: 0xc5ed7705aa45bc13472c794020ceae23a9b039f8

Client contacts: SHIBA CLASSIC team

Blockchain: Binance Smart Chain

Project website: https://shibactokens.com/

---

Сontracts Details

Token contract details for 03.11.2021

Contract name: SHIBA CLASSIC

Contract address: 0x2675BF8F10BB3486464B303e42caA0AeaC404181

Total supply: 1,000,000,000,000

Token ticker: SHIBAC

Decimals: 9

Token holders: 7

Transactions count: 8

Top 100 holders dominance: 100.00%

Marketing fee: 0

Tax fee: 0

Total fees: 686627253954

Uniswap V2 pair: 0xdbdc8ba001c819126a9bfa6df6e641dab25b461b

Contract deployer address: 0xc5ed7705aa45bc13472c794020ceae23a9b039f8

Contract’s current owner address: 0xc5ed7705aa45bc13472c794020ceae23a9b039f8

---

SHIBA CLASSIC Token Distribution

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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:

• addLiquidity function is not used.

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

• Owner can change the tax, buyback and marketing fee.

• Owner can change the maximum transaction amount.

• Owner can exclude from the fee.

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

• Owner can change buyBackUpperLimit.

• Owner can change marketing address.

• Owner can enable and disable buyBack.

• Owner can enable before and after presale modes.

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

---

Conclusion

Smart contracts contain low severity issues! Liquidity pair contract’s security is not checked due to out of scope. Part of the liquidity goes to marketing and dappbuilder address. The further transfers and operations with the funds raise are not related to this particular contract.

Liquidity locking details NOT provided by the team.

---

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

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Feragatnameyi okuyun : Burada sunulan tüm içerikler web sitemiz, köprülü siteler, ilgili uygulamalar, forumlar, bloglar, sosyal medya hesapları ve diğer platformlar (“Site”), sadece üçüncü taraf kaynaklardan temin edilen genel bilgileriniz içindir. İçeriğimizle ilgili olarak, doğruluk ve güncellenmişlik dahil ancak bunlarla sınırlı olmamak üzere, hiçbir şekilde hiçbir garanti vermemekteyiz. Sağladığımız içeriğin hiçbir kısmı, herhangi bir amaç için özel bir güvene yönelik mali tavsiye, hukuki danışmanlık veya başka herhangi bir tavsiye formunu oluşturmaz. İçeriğimize herhangi bir kullanım veya güven, yalnızca kendi risk ve takdir yetkinizdedir. İçeriğinizi incelemeden önce kendi araştırmanızı yürütmeli, incelemeli, analiz etmeli ve doğrulamalısınız. Ticaret büyük kayıplara yol açabilecek yüksek riskli bir faaliyettir, bu nedenle herhangi bir karar vermeden önce mali danışmanınıza danışın. Sitemizde hiçbir içerik bir teklif veya teklif anlamına gelmez