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DotBit Token Review

Date Started

2021-11-07

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

DotBit Token Review + Smart Contract Audit Summary

DotBit started 2021-11-07 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://dotbit.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 DotBit 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 DotBit wherein they have the potential to manipulate price actions and volatility of the token DotBit, 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 DotBit. So Goodluck and have a safe and happy investing!

Checked using Professional Smart Contract Auditing Tools

Bscheck.eu: 0xAa8c4292d13485d4FaF4C0d78E9c7be7bbC6ee0F

Honeypot.is: 0xAa8c4292d13485d4FaF4C0d78E9c7be7bbC6ee0F

DotBit Smart Contract Audit Details

Description:

DotBit is going to list on 25+ best exchanges from 20 -24 Dec, 2021.

Our aim is to list DotBit over 100+ exchanges within 12 months from its launching.

---

Audit Details

Audited project: DotBit

Deployer address: 0xe98bc67b6439ac253faa668be1e8c5d3af0fe2a2

Client contacts: DotBit team

Blockchain: Binance Smart Chain

Project website: https://dotbit.finance/

---

Сontracts Details

Token contract details for 10.11.2021

Contract name: DotBit

Contract address: 0xAa8c4292d13485d4FaF4C0d78E9c7be7bbC6ee0F

Total supply: 500,000,000,000

Token ticker: DOTBIT

Decimals: 18

Token holders: 1

Transactions count: 1

Top 100 holders dominance: 500,000,000,000

Contract deployer address: 0xe98bc67b6439ac253faa668be1e8c5d3af0fe2a2

Contract’s current owner address: 0xc240df01af46864a20d983e06d0a117e8c561a71

---

DotBit Token Distribution

DotBit Token Distribution

---

Issues Checking Status

Issues Checking Status

---

Security Issues

High Severity Issues

No high severity issues found.

Medium Severity Issues

No medium severity issues found.

Medium Severity Issues

No medium severity issues found.

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

• 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 do not contain high severity issues

---

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

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