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ShibX Token Review

ShibX

Date Started
2021-10-11
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




ShibX Token Review + Smart Contract Audit Summary



ShibX started 2021-10-11 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 http://www.shibxbsc.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 ShibX 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 ShibX wherein they have the potential to manipulate price actions and volatility of the token ShibX, 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 ShibX. So Goodluck and have a safe and happy investing!

Checked using Professional Smart Contract Auditing Tools



Bscheck.eu: 0xaA357b0F167923Efc1D6978a868f81866cA6E98c


Honeypot.is: 0xaA357b0F167923Efc1D6978a868f81866cA6E98c




ShibX Smart Contract Audit Details



Description:

ShibX is a Rebase token that rewards in BEP-20 Shiba Inu.

 

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Audit Details

 

Audited project: ShibX

Deployer address: 0x23df4561bd5167332ae7802045c74b3a95b1cab4

Client contacts: ShibX team

Blockchain: Binance Smart Chain

Project website: http://www.shibxbsc.com/

 

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Сontracts Details

 

Token contract details for 13.10.2021

Contract name: ShibX

Contract address: 0xaA357b0F167923Efc1D6978a868f81866cA6E98c

Total supply: 15,279,281,063,578.8805

Token ticker: $ShibX

Decimals: 4

Token holders: 9,672

Transactions: count 63,981

Top 100 holders: dominance 83.87%

Total fee: 15

Auto liquidity receiver: 0x23df4561bd5167332ae7802045c74b3a95b1cab4

Marketing fee receiver: 0x99f3c7388a360eaa292ca653e367301931b4696a

Pair: 0x2bd26aab74d0484a905166420b1aae13db6c07bb

Contract deployer address: 0x23df4561bd5167332ae7802045c74b3a95b1cab4

Contract’s current owner address: 0x23df4561bd5167332ae7802045c74b3a95b1cab4

 

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BASE3 Token Distribution

 

BASE3 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 manage_blacklist() uses the loop to change blacklist status of addresses. It also could be aborted with OUT_OF_GAS exception if there will be a long addresses list.

Recommendation:

Check that the array length is not too big.

 

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

• Master can rebase.

• Owner can change sellMultiplier.

• Owner can change trading and launch status.

• Owner can change blacklist mode.

• Owner can change maxRoomRent value.

• Owner can change cooldown settings.

• Owner can change pair address.

• Owner can change master address.

• Owner can withdraw BEP20 tokens.

• Owner can change _maxWalletToken and _maxTxAmount.

• Owner can multiTransfer fixed and listed token amounts.

• Authorized addresses can withdraw contract BNBs.

• Authorized addresses can include in and exclude from dividends.

• Authorized addresses can include in and exclude from fee, timelock and transaction amount.

• Authorized addresses can change fees.

• Authorized addresses can change fee receivers.

• Authorized addresses can change swap threshold and disable/enable swap.

• Authorized addresses can change targetLiquidity.

• Authorized addresses can change distribution criteria.

• Authorized addresses can change distribution GAS.

 

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Conclusion

 

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

Liquidity locking details provided by the team: https://www.pinksale.finance/#/pinklock/record/135?chain=BSC

 

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

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