Scrooge Bank $BANK
  • 1. Introduction
    • Overview of the project
  • 2. The $BANK Token
    • Overview of $BANK
    • Token distribution and allocation
    • Fee mechanism
  • 3. Duckburg Staking Vault
    • The concept of memecoin staking
  • How it works
  • 4. Security & Transparency
    • Audited smart contract
    • Locked liquidity
    • Renounced contract ownership
  • 5. Roadmap
    • Explanation of the three development phases
  • 6. How to Buy $BANK
    • Step-by-step guide to buying in the Pinksale Fairlaunch
  • 7. Official Contacts & Links
    • Social
    • Presale
    • Solana Contract
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  1. 4. Security & Transparency

Renounced contract ownership

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Last updated 22 days ago

At ScroogeBank ($BANK), decentralization and transparency are at the core of our vision. To ensure a fully trustless and community-driven ecosystem, the ownership of the smart contract will be renounced after launch.

What Does Renouncing Ownership Mean?

📜 No Central Authority – Once ownership is renounced, no one, including the developers, can modify, alter, or manipulate the contract’s functions. 🔒 Eliminates Risk of Malicious Changes – No new fees, hidden mechanisms, or supply modifications can be introduced, ensuring a stable and predictable ecosystem. 🌎 Fully Decentralized Governance – ScroogeBank ($BANK) will be 100% controlled by the community, operating on automated, immutable smart contract rules.

Renunciation Timeline

⏳ Before Renunciation:

  • The contract will be thoroughly tested and audited to ensure security and proper functionality.

  • Initial settings will be fine-tuned for optimal performance (including fee distribution and auto-burn).

✅ After Launch & Stability Check:

  • Once we confirm that the contract operates as intended, ownership will be permanently renounced.

  • The renunciation will be publicly verifiable on Solana’s blockchain, proving that no further modifications can be made.

A Safe & Immutable Future

By renouncing contract ownership, we guarantee that $BANK remains fair, transparent, and immutable—fully driven by the community, for the community.

🔓 No central control. Just pure decentralization.