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COWBOY Token Review

Date Started

2021-05-17

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

COWBOY Token Review + Smart Contract Audit Summary

COWBOY started 2021-05-17 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://www.thecowboy.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 COWBOY 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 COWBOY wherein they have the potential to manipulate price actions and volatility of the token COWBOY, 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 COWBOY. So Goodluck and have a safe and happy investing!

Checked using Professional Smart Contract Auditing Tools

Bscheck.eu: 0x61fa9f741485bDAFcB7eDA57ac16CA84b90a991D

Honeypot.is: 0x61fa9f741485bDAFcB7eDA57ac16CA84b90a991D

COWBOY Smart Contract Audit Details

Description:

CowBoy (#CBT) is an indisputable price oracle on BSC. A truly decentralized alternative for off-chain data.

---

Audit details:

Audited project: COWBOY TOKEN

Deployer address: 0x42A537A87234353E0f837a13172E641E43aC41EC

Client contacts: COWBOY TOKEN team

Blockchain: Binance Smart Chain

Project website: https://www.thecowboy.finance

---

Contracts details

Token contract details for 19.05.2021.

Contract name: COWBOY

Contract address: 0x61fa9f741485bDAFcB7eDA57ac16CA84b90a991D

Total supply: 1_000_000_000_000_000

Token ticker: CBT

Decimals: 9

Token holders: 1

Transactions count: 1

Top 100 holders dominance: 100.00%

Liquidity fee: 8

Tax fee: 2

Total fees: 0

Uniswap V2 pair: 0x3a590d112d818e1bf317e0f9d7e373d560827704

Contract deployer address: 0x42A537A87234353E0f837a13172E641E43aC41EC

Contract’s current owner address: 0x42a537a87234353e0f837a13172e641e43ac41ec

---

COWBOY TOKEN token distribution

COWBOY TOKEN token distribution

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Issues Checking Status

---

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:

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 and liquidity fee.

❏ Owner can change the maximum transaction amount.

❏ Owner can exclude from the fee.

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

❏ Transfers are disabled until the owner allows them with the enableTrading() function

---

Conclusion

Smart contracts contain low severity issues. LP pair contract is not checked.

Liquidity locking details not provided by the team

---

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

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