MetaTrust: Centralized Risk Analysis Report for TipCoin

MetaTrust Labs has inspected and scanned the contract address 0x0176b898e92e814c06cc379e508ceb571f70bd40 of the recent popular token $TIP. This report provides a security assessment summary of the $TIP token contract, analyzes the key centralized role risks, functionality, and token distribution, and provides relevant security recommendations.

Below is the content of the centralized risk report for the $TIP contract:

Contract Address

0x0176b898e92e814c06cc379e508ceb571f70bd40

https://etherscan.io/token/0x0176b898e92e814c06cc379e508ceb571f70bd40

Centralized Roles

Contract Owner: 0x34c6F1Ea29156ddcaEd5f9df9035195A5F279738
Sell Fee: 5%
Buy Fee: 5%
Tax Wallet: 0x902D9627f7cA78Eb6A8cd5368B899eE934998915 - Currently accumulated 269.7 ETH (valued at $436,800)

Centralized Functions

The contract owner has unique permissions for critical functions such as enabling trading, setting fees, and withdrawing funds.

enableTrading: This function allows the owner to enable trading for the contract, allowing buying and selling of the token. This function also sets the tradingEnabled and swapEnabled flags to true.
excludeFromFees: The owner can use this function to exclude or include addresses from fees, typically used to exempt certain addresses from transaction fees.
setAuthorizedEditor: The owner can set or revoke authorized editor status for specific addresses, where authorized editors may have special permissions in the contract.
excludeFromMaxTransaction: The owner can exclude or include specific addresses from the maximum transaction limit, used to set exceptional maximum transaction amounts for certain addresses.
setMarketMakerPair: The owner can set whether a given pair address is considered a market maker trading pair, which may have different rules or restrictions compared to regular addresses.
removeLimits: This function allows the owner to remove certain limits activated in the contract, which may include transaction amount limits and wallet balance limits.
send: The owner can use this function to send funds from the contract to the specified tax wallet address.
lowerTaxes: Authorized editors can use this function to lower the buy and sell fees, it checks if the caller is an authorized editor and if the new fee is lower than the current fee.
lowerSwapThreshold: The owner can lower the swapTokensThreshold, which determines the token amount in the contract required to trigger a swap operation.
addLiquidity: The owner can add liquidity to the contract by providing ETH, typically used during the initial setup period to provide trading liquidity.

Token Distribution

The top 4 addresses hold 80.3% of the total token supply, with the contract owner (0x34c6) holding 65% of the supply.

MetaTrust: TipCoin Centralized Risk Analysis Report

https://etherscan.io/token/0x0176b898e92e814c06cc379e508ceb571f70bd40#balances

Security Recommendations

The owner (0x34c6) is an externally owned account (EOA) holding 65% of the tokens. It is recommended to replace the owner with a multi-signature wallet contract to reduce the risk of a single address holding a majority of the supply.

About MetaTrust Labs

MetaTrust Labs is a globally leading Web3 AI security tool and code auditing service provider incubated by Nanyang Technological University, Singapore, with the largest security research team in Asia. We provide developers and projects with rich AI security tools and efficient protection for project and contract security. Our services include AI security scanning, security auditing, and security monitoring. We provide fast, accurate, and effective solutions for every stage of the software development lifecycle, helping builders easily develop secure Web3 applications.

Twitter: @MetaTrustLabs

Website:metatrust.io

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。