Risk assessment: PantherSwap by Anti Rug community
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About PantherSwap
“PantherSwap is the first automatic liquidity acquisition yield farm and AMM decentralized exchange running on Binance Smart Chain with lots of unique and creative features that let you earn and win.”
Token Link: https://bscscan.com/token/0x1f546ad641b56b86fd9dceac473d1c7a357276b7
Findings
- Anti whale: There is a maximum transfer amount mechanism based on total supply
- Rapid growth: Over 25k holders in less than two weeks (Very good Marketing).
Risk issues
- Automatic Liquidity isn’t burned/locked as stated on their website
Here are two transfers of LP tokens from PantherSwap deployer to another wallet
2. There is no maximum token supply
- 10,075 tokens per block
- 2,160,000 tokens Daily
3. High Dev team budget
Team wallet:
Holding more than 7% of total supply, and increasing from minting and staking transactions
Other findings
wallet owned by Token deployer
https://bscscan.com/address/0x7aD7B9AC27879C6ae82361428D647059D410F318
Holding more than 1 million dollars in BNB and BUSD, the wallet was created at the same time of launching the project. Received the BNB by removing liquidity using LP tokens received from Pantherswap deployer and then dumbing Pantherswap tokens.
LP Pancake tokens transfer from deployer to this wallet
https://bscscan.com/tx/0x421ffd43d9296d4270c34eff28c8daba9dcfcc9ca9c9a7422131ad8623ee17cb
Transactions removing liquidity
Other team wallets:
holding BNB and BUSD (Worth 1.4 million)
Dumped liquidity received directly from contract deployer and from previous wallet
