REVIEWED BY: Elmyre

Preface

This is a complete review of the GDAY smart contract whose code can be found at https://scan.mypinata.cloud/ipfs/bafybeidn64pd2u525lmoipjl4nh3ooa2imd7huionjsdepdsphl5slfowy/#/token/0x3981920A82d95A117A8747eCF9A11e105Ca38B62?tab=contract.

Although the code is simple, I would advise anyone who is reading this document to also look at other reviews and analyses of the contract! Some issues or security concerns might not be covered here due to my lack of knowledge or understanding of the contract. Getting a second opinion is always a good thing to keep in mind!

Code Review

The GillespieCoin contract is for a standard ERC20 token with basic functionality. Upon deployment, all tokens are minted and assigned to the deployer of the contract.

Inheritance:

• ERC20: @openzeppelin/contracts@4.8.1/token/ERC20/ERC20.sol – This is a standard contract that provides basic ERC20 tokens functionalities.

This is well-known and widely used for smart contract development, which reduces the risk of common vulnerabilities and security concerns.

The contract simply has a Constructor that initializes the contract with the name “GillespieCoin” and the symbol “GDAY”. It also mints the total supply (1,000,000,000,000 tokens) to the deployer.

The contract has no ownership or owner-controlled functions.

Conclusion & Security Concerns

This contract is for a basic ERC20 token with no other features. The deployer received the total supply, meaning there is a rug risk if he kept most of the supply.

No bugs or other risks were found, and the code is working as intended.