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PRAXTRON Token Review

Date Started

2021-12-12

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

PRAXTRON Token Review + Smart Contract Audit Summary

PRAXTRON started 2021-12-12 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://praxtroncoin.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 PRAXTRON 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 PRAXTRON wherein they have the potential to manipulate price actions and volatility of the token PRAXTRON, 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 PRAXTRON. So Goodluck and have a safe and happy investing!

Checked using Professional Smart Contract Auditing Tools

Bscheck.eu: 0x8FE4A10B0B49736114ff6f5cE4a2EE5c11A3CBAA

Honeypot.is: 0x8FE4A10B0B49736114ff6f5cE4a2EE5c11A3CBAA

PRAXTRON Smart Contract Audit Details

Description

PraxTron Coin, Aiming to Set a new standard in Defi.

---

Audit Details

Audited project: PRAXTRON

Deployer address: 0x0cdc063abc3a2f59d7c389e3847a5480e12ce9be

Client contacts: PRAXTRON team

Blockchain: Binance Smart Chain

Project website: https://praxtroncoin.com

---

Сontracts Details

Token contract details for 14.12.2021

Contract name: PRAXTRON

Contract address: 0x8FE4A10B0B49736114ff6f5cE4a2EE5c11A3CBAA

Total supply: 1,000,000,000

Token ticker: PRX

Decimals: 9

Token holders: 1

Transactions count: 3

Top 100 holders dominance: 100.00%

Buy project fee: 90

Buy team fee: 10

Sell project fee: 80

Sell team fee: 70

Uniswap V2 pair: 0x46f07292138ea04523d4252d156088fec26d1698

Contract deployer address: 0x0cdc063abc3a2f59d7c389e3847a5480e12ce9be

Contract’s current owner address: 0x0cdc063abc3a2f59d7c389e3847a5480e12ce9be

---

PRAXTRON Token Distribution

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Issues Checking Status

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 excludeMultipleAccountsFromFees() uses the loop to exclude multiple accounts from fees. Function will be aborted with OUT_OF_GAS exception if there will be a long addresses list.

Recommendation:

Be careful about accounts array length.

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

• Owner can change Uniswap router address.

• Owner can change swap tokens amount value.

• Owner can include in and exclude from fees.

• Owner can add / remove addresses from blacklist.

• Owner can change team and project wallet addresses.

• Owner can exclude and include addresses in automatedMarketMakerPairs array.

• Owner can change buy project, buy team, sell project and sell team fees.

• Owner can enable / disable swap.

---

Conclusion

Smart contracts contain low severity issues and owner privileges!

Liquidity pair contract’s security is not checked due to out of scope.

Liquidity locking details NOT provided by the team.

---

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

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