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Pegazus Token Review

Pegazus

Date Started
2021-05-18
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




Pegazus Token Review + Smart Contract Audit Summary



Pegazus started 2021-05-18 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://pegazus.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 Pegazus 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 Pegazus wherein they have the potential to manipulate price actions and volatility of the token Pegazus, 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 Pegazus. So Goodluck and have a safe and happy investing!

Checked using Professional Smart Contract Auditing Tools



Bscheck.eu: 0xd585f9c5953ca97da3551f20725a274c9e442ff3


Honeypot.is: 0xd585f9c5953ca97da3551f20725a274c9e442ff3




Pegazus Smart Contract Audit Details



Description:

Charity-oriented token with buyback and burn mechanism. 1%  tax donated to charity.

 

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Audit details:

 

Audited project: Pegazus Finance

Deployer address: 0x5380e869d0d53bf25a68b51ac0effc998ddc7641

Client contacts: Pegazus Finance team

Blockchain: Binance Smart Chain

Project website: http://pegazus.finance

 

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Contracts details

 

Token contract details for 15.05.2021.

Contract name: Pegazus Finance

Contract address: 0xd585f9c5953ca97da3551f20725a274c9e442ff3

Total supply: 849195980656101191198480

Token ticker: PEG

Decimals: 9

Token holders: 2752

Transactions count: 6827

Top 100 holders dominance: 83.88 %

Donation fee: 3

Tax fee: 1

Burn fee 6

Total fees: 25134003223983134798461

Total donations BNB: 84779596606641160215

Pancake V2 pair: 0x781eb9576057b419ebc72358acff28646d6b1db6

Contract deployer address: 0x5380e869d0d53bf25a68b51ac0effc998ddc7641

Contract’s current owner address: 0x5380e869d0d53bf25a68b51ac0effc998ddc7641

 

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Pegazus Finance token distribution

 

Pegazus Finance token distribution

 

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Issues Checking Status

 

Pegazus Finance

 

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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. The 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 the OUT_OF_GAS exception if there will be a long excluded addresses list.

 

Recommendation:

Use EnumerableSet instead of array or do not use long arrays.

 

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

❏ Owner can change the tax, burn and donation fee.

❏ Owner can change the maximum transaction amount.

❏ Owner can exclude from the fee.

❏ Owner can change the charity addresses to any addresses. By the way, all the liquidity will be transferred to the charity wallet, so the charity address could become any non charity address and this will be a false info.

❏ Owner can lock and unlock. By the way, using these functions the owner could leave as owner even after the ownership was renounced.

 

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Conclusion

 

Smart contracts do not contain high severity issues! The liquidity pair contract’s security is not checked due to being out of scope.

Liquidity locking details provided by the team - https://unicrypt.network/amm/pancakev2/token/0xD585F9C5953CA97DA3551f20725a274c9e442ff3

 

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

 

 

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