We have spent several hours of research on this project to be able to give a clear verdict on our findings, however we have concluded to leave LinkSync in ⚠️Partial Check (DYOR) category.
By scanning the SmartContract of LinkSync we found:
[1] - 2021-10-31 04:24:53 PM : Contract is being scanned
[2] - 2021-10-31 04:24:53 PM : Searching for token network identifier
[3] - 2021-10-31 04:24:53 PM : Found network on bsc chain
[4] - 2021-10-31 04:24:53 PM : Contract has been scanned
[5] - 2021-10-31 04:24:53 PM : Start evaluating the transactions : comparison of from/to/sender/recipient to non-zero -> 99 points
[6] - 2021-10-31 04:24:53 PM : Start evaluating the token swap router : comparison swap interfaces and versions -> 73 points
[7] - 2021-10-31 04:24:53 PM : Start evaluating the token ownership : comparison ownership renounce and transfer factors -> 69 points
[8] - 2021-10-31 04:24:53 PM : Start evaluating the token mint function:Comparison of supply burn and token distribution -> 66 points
[9] - 2021-10-31 04:24:53 PM : Start evaluating Liquidity Pool Data using DEX platform
[10] - 2021-10-31 04:24:54 PM : ---- Start to evaluate ownership transfer event data ---
[11] - 2021-10-31 04:25:02 PM : Ownership has not been renounced.
[12] - 2021-10-31 04:25:02 PM : contract creator address is : 0x7aa350bea485a4ea8860aaa42f6d4afb5b6df2fa
[13] - 2021-10-31 04:25:02 PM : ---- End to evaluate ownership transfer event data ---
[14] - 2021-10-31 04:24:54 PM : --- Scanning for DEX platforms / Performing LP lock / unlock check ----
[15] - 2021-10-31 04:24:54 PM : We have found a one LP main account seems and LP implementation is safe
[16] - 2021-10-31 04:24:54 PM : DEX platform name : Pancake v2
[17] - 2021-10-31 04:24:54 PM : Total numbers of LP makers : 15
[18] - 2021-10-31 04:24:54 PM : Total LP amount : 221,259,745,617,774 SYNC
[19] - 2021-10-31 04:24:54 PM : LP account address : 0x1c06a11e94b5502d011bbd240f23d1c147561dab
[20] - 2021-10-31 04:24:54 PM : --- DEX Platform scanning has been completed ----
[21] - 2021-10-31 04:24:54 PM : --- Scanning for DEX platforms for liquidity holdings by address process started----
[22] - 2021-10-31 04:24:54 PM : ✔️ LP check passed current locked / burn liquidity percentage is higher than 60% -> 72 points
[23] - 2021-10-31 04:24:54 PM : Total burned or locked percentage : 72.301 %
[24] - 2021-10-31 04:24:54 PM : Burned or locked : Burn Address - 35.5646%
[25] - 2021-10-31 04:24:54 PM : Burned or locked : 📍 0x81e0ef68e103ee65002d3cf766240ed1c070334d - 32.6456%
[26] - 2021-10-31 04:24:54 PM : Burned or locked : PancakeSwap V2: SYNC 22 - 3.4904%
[27] - 2021-10-31 04:24:54 PM : Burned or locked : GoldFarm: Deployer - 0.6004%
[28] - 2021-10-31 04:24:54 PM : Started to read top liquidity holding wallet addresses
[29] - 2021-10-31 04:24:54 PM : Wallet address : 📍 0x787a38933e1c64b8be9ae3d16f5c64f0c702f172 - 6.0000%
[30] - 2021-10-31 04:24:54 PM : Wallet address : 0x3f11317374226294867fdd5803f9851412cda686 - 2.8264%
[31] - 2021-10-31 04:24:54 PM : Wallet address : 0x5e8d5b17d38b9d3a7c512210312630b6024a4911 - 1.1349%
[32] - 2021-10-31 04:24:54 PM : Wallet address : 0x7c3891974a757ec3b8fe86a31a319991fd02f771 - 0.6247%
[33] - 2021-10-31 04:24:54 PM : Wallet address : 0x006626344e5278c5af86a20c53bd33461934e3d3 - 0.4791%
[34] - 2021-10-31 04:24:54 PM : Total liquidity holdings : 27.699%
[35] - 2021-10-31 04:24:54 PM : Top 10 liquidity holders are holding a standard portion of liquidity (27.699%) LP checked passed -> 51 points
[36] - 2021-10-31 04:24:54 PM : --- Scanning for DEX platforms for liquidity holdings by address process finished----
[37] - 2021-10-31 04:25:02 PM : ---- Start evaluating router address change condition for the owner. ---
[38] - 2021-10-31 04:25:02 PM : The owner cannot change the dex router address in the contract
[39] - 2021-10-31 04:25:02 PM : Finish scanning the router address condition
[40] - 2021-10-31 04:25:02 PM : ---- Start evaluating setting high fee function for the owner. ---
[41] - 2021-10-31 04:25:02 PM : The owner can change the high fee setting function in the contract.
[42] - 2021-10-31 04:25:02 PM : ---- Finish scanning the high fee setting function. ---
✔️71 points. All main functions have been implemented and the contract looks good. DYOR before investing. Reference
On the other side we had some different discoveries on Moonarch.app, apparently the contract has some functions that can be risky for investors. Reference
And also on the holders section, besides the Burn Wallet there are 2 other ranks bigger than LP.
The second wallet is a Contract, but we couldn't find any information regarding this contract on the Whitepaper. Usually most teams add as much information as they can to be transparent with their members about everything revolving around their contract.
Besides that contract, there is also another wallet holding 1.5x+ times more than LP, which is also a risk if that wallet is managed by the team and is not locked.
LaserEyesScan had a good score on this project except some information that we think should be know by any investor looking to invest in this project:
Owner Privileged Functions Reference
- renounceOwnership()
- transferOwnership(address newOwner)
- lock(uint256 time)
- excludeFromReward(address account)
- includeInReward(address account)
- excludeFromFee(address account)
- includeInFee(address account)
- setTaxFeePercent(uint256 taxFee)
- setLiquidityFeePercent(uint256 liquidityFee)
- setMaxTxAmount(uint256 maxTxAmount)
- setMarketingDivisor(uint256 divisor)
- setNumTokensSellToAddToLiquidity(uint256 _minimumTokensBeforeSwap)
- setBuybackUpperLimit(uint256 buyBackLimit)
- setMarketingAddress(address _marketingAddress)
- setSwapAndLiquifyEnabled(bool _enabled)
- setBuyBackEnabled(bool _enabled)
See Source Code
We tracked the Dev wallets before and after transferring ownership, and there are a lot of unexplained transfers that are made before and after the token has launched. Reference
In a conversation with Nick, one of the project devs, it was made known to us that they had a private sale before the launch for more stability on projects LP, and after that lately some of the investors parted ways and dumped.
But this doesn't explain the transfers made on 27.10 from the deployer wallet to several brand new wallets. Linksync team can comment on this post below for more information regarding this.
⚠️ Contracto Verdict: Partial Check, there may be risks involved.