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Flokinomics Token Review

Flokinomics

Date Started
2021-10-04
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




Flokinomics Token Review + Smart Contract Audit Summary



Flokinomics started 2021-10-04 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.flokinomics.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 Flokinomics 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 Flokinomics wherein they have the potential to manipulate price actions and volatility of the token Flokinomics, 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 Flokinomics. So Goodluck and have a safe and happy investing!

Checked using Professional Smart Contract Auditing Tools



Bscheck.eu: 0x97eA5EfDCb5961A99bA5C96123042507C0210Ec1


Honeypot.is: 0x97eA5EfDCb5961A99bA5C96123042507C0210Ec1




Flokinomics Smart Contract Audit Details



Description:

Flokinomics is a rebase and rewards duo token. Rewarding holders in Doge while always having the chart go up. Reducing the panic selling and creating the fomo effect.

 

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Audit Details

 

Audited project: Flokinomics

Deployer address: 0x1eaf9191dd52dcba2637fb1efa84e9552b8daa67

Client contacts: Flokinomics team

Blockchain: Binance Smart Chain

Project website: https://www.flokinomics.com/

 

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Сontracts Details

 

Token contract details for 06.10.2021

Contract name: Flokinomics

Contract address: 0x97eA5EfDCb5961A99bA5C96123042507C0210Ec1

Total supply: 2,953,539,554,888.72

Token ticker: FLOKIN

Decimals: 4

Token holders: 5,722

Transactions count: 52,803

Top 100 holders dominance: 86.62%

Total fee: 10

Auto liquidity receiver: 0x1eaf9191dd52dcba2637fb1efa84e9552b8daa67

Marketing fee receiver: 0x13b88a90dc0ab34875108ea485f8e6358c4072b1

Pair: 0x903922e2dd88c64ad728237625d434d1295f59d1

Contract deployer address: 0x1eaf9191dd52dcba2637fb1efa84e9552b8daa67

Contract’s current owner address: 0x1eaf9191dd52dcba2637fb1efa84e9552b8daa67

 

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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. Rebase

Issue:

• The function rebase_updatebalance() not called automatically after rebase.

Recommendation:

Insert autocall of rebase_updatebalance() function in rebase() function, not to forget equalize sharings.

2. Out of gas

Issue:

• The function manage_houseguests() uses the loop to change status of isHouseguest value 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)

• Owner and Master can rebase.

• Owner can change sellMultiplier.

• Owner can change trading and launch status.

• Owner can change hotelCaliforniaMode.

• 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/42?chain=BSC

 

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

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