FRNDZ Token – Smart Contract Audit Report
Version 1.0 · December 2025 · Audited by Independent Security Review
Contract Standard: ERC20 (OpenZeppelin)
Total Supply: 10,000,000,000 FRNDZ
Network: EVM Compatible
1. Executive Summary
This audit provides a security analysis of the FRNDZ Token, a fixed-supply ERC20 token used within the FRNDZ Web3 AdTech ecosystem. The audit evaluates the contract for vulnerabilities, owner privileges, possible rug-pull vectors, and safety for public sale.
Summary of Findings
- ✔ No critical vulnerabilities
- ✔ No mint function (supply cannot increase)
- ✔ No blacklist, no taxes, no trading restrictions
- ✔ Owner privileges are minimal and safe
- ✔ Built on trusted OpenZeppelin libraries
- ✔ Suitable for IDO and exchange listing
Overall Risk Level: LOW
2. Contract Overview
The FRNDZ token contract is based on widely used OpenZeppelin ERC20 components:
- ERC20
- ERC20Burnable
- Ownable
- SafeERC20
Key Characteristics
- Fixed supply: 10,000,000,000 FRNDZ
- Decimals: 18
- Burnable (holders only)
- No minting capability
- No admin taxes
- No blacklist functionality
- No transfer blocking or pausing
3. Owner Privileges – Verified from Contract Logic
The FRNDZ contract includes minimal and strictly limited owner privileges.
The owner CANNOT:
- ✘ Mint new tokens
- ✘ Burn tokens from other accounts
- ✘ Pause transfers
- ✘ Freeze or blacklist addresses
- ✘ Modify balances
- ✘ Add or modify transfer fees
- ✘ Upgrade the contract
- ✘ Withdraw FRNDZ tokens from the contract
The owner CAN:
- ✔ Rescue external ERC20 tokens accidentally sent to the contract (cannot withdraw FRNDZ itself; enforced by a require statement)
Conclusion: The owner holds no powers that can negatively impact circulating supply or user funds.
4. Function Overview & Security Evaluation
| Function Name | Type | Description | Security Impact |
|---|---|---|---|
| constructor() | Initialization | Mints fixed 10B supply once and distributes to four wallets. | Safe (one-time execution). |
| decimals() | View | Returns 18 decimals. | No risk. |
| burn() | User | Holders burn their own tokens. | Safe. |
| burnFrom() | User | Burns tokens via approved allowance. | Safe. |
| rescueERC20() | Owner-only | Recovers non-FRNDZ ERC20 tokens. | Low risk; cannot withdraw FRNDZ. |
Additional Notes:
- No supply-modifying functions exist.
- No tax/fee logic present.
- No restrictions on transfers.
- No upgradeable proxy is used.
5. Token Supply Immutability (Verified)
Supply immutability is guaranteed through:
- Full supply minted only once inside constructor.
- No
mint()function present. - No ownership function tied to supply adjustment.
- No upgradeability mechanism that could introduce minting later.
Conclusion: FRNDZ is a true fixed-supply token, immune to inflation or malicious mint events.
6. Token Distribution (Constructor)
| Allocation | Percentage | Purpose |
|---|---|---|
| Rewards Pool | 40% | User activity rewards (RewardManager) |
| Liquidity / IDO | 30% | Presale, launchpads & liquidity allocation |
| Team | 15% | Advisors & developers (requires vesting) |
| Operations / Reserve | 15% | Ecosystem development |
All wallet addresses must be valid non-zero addresses.
7. Risk Analysis
7.1 Critical Issues — NONE
No functions exist that allow:
- Changing balances
- Preventing transfers
- Stealing user funds
- Arbitrarily modifying allowances
- Increasing token supply
7.2 High Risk Issues — NONE
No mechanisms exist that can directly harm token holders.
7.3 Medium Risk Issues — NONE
The contract is simple, minimal, and low complexity.
7.4 Low Risk Issues — 1 Found
Owner Can Rescue External ERC20 Tokens (Low Risk)
- Allows owner to recover unrelated ERC20 tokens.
- Cannot withdraw FRNDZ tokens.
- Common practice; low impact.
8. Informational Findings
8.1 Ownership Should Be Transferred to a MultiSig
Recommended for improved security and shared control.
8.2 Team Tokens Should Be Locked or Vested
To improve investor trust and prevent early dumping.
9. Security Checklist
| Item | Status |
|---|---|
| Total Supply Fixed | ✔ |
| No Mint Function | ✔ |
| No Blacklist | ✔ |
| No Admin Fees | ✔ |
| OpenZeppelin Standards Used | ✔ |
| Owner Cannot Modify Supply | ✔ |
| No Upgradeability | ✔ |
| Burnable by Holders Only | ✔ |
| Rescue Mechanism Safe | ✔ |
| Source Code Verified | ✔ |
10. Final Assessment
The FRNDZ token contract is secure, minimalistic, and well-structured. No malicious patterns or high-risk behaviors were detected.
Final Rating: LOW RISK ✔
11. Auditor Conclusion
The FRNDZ ERC20 token contract demonstrates strong security properties and follows best practices typical of safe fixed-supply tokens. With ownership transferred to a MultiSig and external vesting applied to team allocations, the contract is suitable for:
- IDO / Presale
- CEX and DEX listing
- Integration within the FRNDZ ecosystem