Is MoonPro Token a Scam?

Moonpro token is scam due to its token implementation. It has two contracts ERC20Tokenlmplementation and ERC20Tokenlmplementation. Here,”l” (l) one looks normal but it’s not used. The actually used contract is “I” (i) one, this where scam takes place.

Is Moonpro Token A Scam?

Firstly, only Elon() function can transfer the token. Then the onlyElon() will invoke Tesla() function, which further fires(DOGE()). During the fire function, it’s a delegatecall to another contract. When a contract makes a function call using delegatecall it loads the function code from another contract and executes it as if it were its own code. Using this call, it can hide its intention and make the static analysis tool ineffective.

Is Moonpro Token A Scam?
Is Moonpro Token A Scam?

Using transaction virtualization tool from the BlockSec, We can see that it delegatecalls to 0x96bd74e0ff08d5d5c34ea58c4ed568207d31a8cb i.e. not open-sourced and verified.

Is Moonpro Token A Scam?

Many Twitter users have also claimed that they cannot sell this token, and in some cases, no. of tokens is decreasing automatically. So, we recommend our readers not invest in this token and perform a good amount of research while buying a token.

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Yash Kamal Chaturvedi

Btech Computer Science, Maharshi Dayanand University, Rohtak (2023)