Cointime

Cointime

Download App
iOS & Android

Analyzing the Centralization Risks of TipCoin ($TIP)

Validated Project

MetaTrust Labs checked and scanned the trending token $TIP's contract address 0x0176b898e92e814c06cc379e508ceb571f70bd40. This report summarizes the security assessment, analyzing the key centralized roles, functionality, token distribution, and provides recommendations to improve the overall security posture of the contract.

Contract Address

0x0176b898e92e814c06cc379e508ceb571f70bd40

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

Centralized Roles

  • Sell fee: 5%
  • Buyer fee: 5%
  • Tax Wallet: 0x902D9627f7cA78Eb6A8cd5368B899eE934998915 - Currently has accumulated 269.7 ETH (worth $436,800)

Centralized Functionality

The owner has sole authority over critical functionality like enabling trading, setting fees, withdrawing funds, and more.

  • enableTrading: This function allows the owner to enable trading for the contract. When trading is enabled, buying and selling of the token are allowed. This function also sets tradingEnabled and swapEnabled flags to true.
  • excludeFromFees: The owner can use this function to exclude or include addresses from fees. This is typically used to exempt certain addresses from transaction fees.
  • setAuthorizedEditor: The owner can set or revoke authorized editor status for specific addresses. Authorized editors likely have special privileges within the contract.
  • excludeFromMaxTransaction: The owner can exclude or include specific addresses from maximum transaction limits. This is used to set exceptions to the maximum transaction amount for certain addresses.
  • setMarketMakerPair: The owner can set whether a given pair address is considered a market maker pair. Market maker pairs might have different rules or restrictions compared to regular addresses.
  • removeLimits: This function allows the owner to remove certain limits that are active in the contract. This could include transaction amount limits and wallet balance limits.
  • send: The owner can use this function to send funds from the contract to a designated tax wallet address.
  • lowerTaxes: Authorized editors can use this function to lower the buy and sell fees. It checks that the caller is an authorized editor and that the new fees are lower than the current ones.
  • lowerSwapThreshold: The owner can lower the swapTokensThreshold, which determines the amount of tokens needed in the contract to trigger a swap operation.
  • addLiquidity: The owner can add liquidity to the contract by providing ETH. This function is typically used during the initial setup of the contract to provide liquidity for trading.

Token Distribution

The top 4 addresses hold 80.3% of the total token supply. The owner (0x34c6) holds 65% of the supply.

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

Security Recommendations

The owner (0x34c6) is an EOA address holding 65% of tokens. It is recommended to replace the owner with a multi-sig wallet contract to mitigate the risks associated with a single address holding a majority of the supply.

About MetaTrust Labs

MetaTrust Labs is the world's leading provider of Web3 AI security services with largest research team in Asia which incubated by Nanyang Technological University in Singapore. Our range of services includes AI Security Scanning, Security Audits, Security Monitoring, and Open Source Smart Contract Templates. We offer fast, accurate, and cost-efficient solutions through every stage of the project development lifecycle to help builders develop secure Web3 applications with ease.

Follow Us

Twitter: @MetaTrustLabs

Website: metatrust.io

Comments

All Comments

Recommended for you

  • American Bitcoin's Bitcoin reserves have increased by approximately 623 BTC in the past 7 days, bringing its current holdings to 4941 BTC.

    Emmett Gallic, a blockchain analyst who previously disclosed and analyzed the "1011 insider whale," posted on the X platform revealing updated data on the Bitcoin reserves of American Bitcoin, a crypto mining company supported by the Trump family. In the past seven days, they increased their holdings by about 623 BTC, of which approximately 80 BTC came from mining income and 542 BTC from strategic acquisitions in the open market. Currently, their total Bitcoin holdings have risen to 4,941 BTC, with a current market value of about 450 million USD.

  • The US spot Ethereum ETF saw a net outflow of $19.4 million yesterday.

    according to TraderT monitoring, the US spot Ethereum ETF had a net outflow of 19.4 million USD yesterday.

  • Listed companies, governments, ETFs, and exchanges collectively hold 5.94 million Bitcoins, representing 29.8% of the circulating supply.

    Glassnode analyzed the holdings of major types of Bitcoin holders as follows: Listed companies: about 1.07 million bitcoins, government agencies: about 620,000 bitcoins, US spot ETFs: about 1.31 million bitcoins, exchanges: about 2.94 million bitcoins. These institutions collectively hold about 5.94 million bitcoins, accounting for approximately 29.8% of the circulating supply, highlighting the trend of liquidity increasingly concentrating in institutions and custodians.

  • The Bank of Japan is reportedly planning further interest rate hikes; some officials believe the neutral interest rate will be higher than 1%.

    according to insiders, Bank of Japan officials believe that before the current rate hike cycle ends, interest rates are likely to rise above 0.75%, indicating that there may be more rate hikes after next week's increase. These insiders said that officials believe that even if rates rise to 0.75%, the Bank of Japan has not yet reached the neutral interest rate level. Some officials already consider 1% to still be below the neutral interest rate level. Insiders stated that even if the Bank of Japan updates its neutral rate estimates based on the latest data, it currently does not believe that this range will significantly narrow. Currently, the Bank of Japan's estimate for the nominal neutral interest rate range is about 1% to 2.5%. Insiders said that Bank of Japan officials also believe there may be errors in the upper and lower limits of this range itself. (Golden Ten)

  • OKX: Platform users can earn up to 4.10% annualized return by holding USDG.

    According to the official announcement, from 00:00 on December 11, 2025 to 00:00 on January 11, 2026 (UTC+8), users holding USDG in their OKX funding, trading, and lending accounts can automatically earn an annualized yield of up to 4.10% provided by the OKX platform, with the ability to withdraw or use it at any time, allowing both trading and wealth management simultaneously. Users can check their earnings anytime through the OKX APP (version 6.136.10 and above) - Assets - by clicking on USDG. Moving forward, the platform will continue to expand the application of USDG in more trading and wealth management scenarios.

  • The Federal Reserve will begin its Reserve Management Purchase (RMP) program today, purchasing $40 billion in Treasury bonds per month.

     according to the Federal Reserve Open Market Committee's decision on December 10, the Federal Reserve will start implementing the Reserve Management Purchase (RMP) program from December 12, purchasing a total of $40 billion in short-term Treasury securities in the secondary market.

  • Bitcoin treasury company Strategy's daily transaction volume has now surpassed that of payment giant Visa.

    according to market sources: the daily trading volume of Bitcoin treasury company Strategy (MSTR) has now surpassed the payment giant Visa.

  • The US spot Bitcoin ETF saw a net outflow of $78.35 million yesterday.

    according to Trader T's monitoring, the US spot Bitcoin ETF had a net outflow of $78.35 million yesterday.

  • JPMorgan Chase issues Galaxy short-term bonds on Solana network

     JPMorgan arranged and created, distributed, and settled a short-term bond on the Solana blockchain for Galaxy Digital Holdings LP, as part of efforts to enhance financial market efficiency using underlying cryptocurrency technology.

  • HSBC expects the Federal Reserve to refrain from cutting interest rates for the next two years.

    HSBC Securities predicts the Federal Reserve will maintain interest rates stable at the 3.5%-3.75% range set on Wednesday for the next two years. Previously, Federal Reserve policymakers lowered rates by 25 basis points with a split vote. The institution's U.S. economist Ryan Wang pointed out in a report on December 10 that Federal Reserve Chairman Jerome Powell was "open to the question of whether and when to further cut rates at next year's FOMC press conference." "We believe the FOMC will keep the federal funds rate target range unchanged at 3.50%-3.75% throughout 2026 and 2027, but as the economy evolves, as in the past, it is always necessary to pay close attention to the significant two-way risks facing this outlook."

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company