ATEG Info
ATEG Capital FlexCo stands for innovation, transparency, and community. Our goal is to explore new paths and create a sustainable, fair solution that provides long-term value – for everyone who shares our vision. This platform is designed to give you a first insight into our philosophy. We invite you to get to know our ideas, discover our approaches, and perhaps even become part of this movement.
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Summary and Final Words
No crucial issues found
The contract does not contain issues of high or medium criticality. This means that no known vulnerabilities were found in the source code.
Contract owner cannot mint
It is not possible to mint new tokens.
Contract owner cannot blacklist addresses.
It is not possible to lock user funds by blacklisting addresses.
Contract owner cannot set high fees
The fees, if applicable, can be a maximum of 25% or lower. The contract can therefore not be locked. Please take a look in the comment section for more details.
Contract cannot be locked
Owner cannot lock any user funds.
Token cannot be burned
There is no burning within the contract without any allowances
Ownership is not renounced
The owner retains significant control, which could potentially be used to modify key contract parameters.
Contract is not upgradeable
The contract does not use proxy patterns or other mechanisms to allow future upgrades. Its behavior is locked in its current state.
Scope of Work
This audit encompasses the evaluation of the files listed below, each verified with a SHA-1 Hash. The team referenced above has provided the necessary files for assessment.
The auditing process consists of the following systematic steps:
- Specification Review: Analyze the provided specifications, source code, and instructions to fully understand the smart contract's size, scope, and functionality.
- Manual Code Examination: Conduct a thorough line-by-line review of the source code to identify potential vulnerabilities and areas for improvement.
- Specification Alignment: Ensure that the code accurately implements the provided specifications and intended functionalities.
- Test Coverage Assessment: Evaluate the extent and effectiveness of test cases in covering the codebase, identifying any gaps in testing.
- Symbolic Execution: Analyze the smart contract to determine how various inputs affect execution paths, identifying potential edge cases and vulnerabilities.
- Best Practices Evaluation: Assess the smart contracts against established industry and academic best practices to enhance efficiency, maintainability, and security.
- Actionable Recommendations: Provide detailed, specific, and actionable steps to secure and optimize the smart contracts.
A file with a different Hash has been intentionally or otherwise modified after the security review. A different Hash may indicate a changed condition or potential vulnerability that was not within the scope of this review.
Final Words
The following provides a concise summary of the audit report, accompanied by insightful comments from the auditor. This overview captures the key findings and observations, offering valuable context and clarity.
Smart Contract Analysis Statement
Contract Analysis
The ATEGDV contract implements an ERC20 token with a fixed supply and configurable transfer mechanics, including an optional transfer tax, a deflationary burn on transfers, reflection rewards for holders, owner-triggered burning, a maximum-token-amount-per-address limit, and an on-chain document URI. According to the issuer, the ATEG.DV token is issued by ATEG Capital FlexCo, which operates and bears responsibility for the surrounding ecosystem.
Ownership Privileges
The ownership of the contract has been retained (not renounced). The owner retains full privileges including:
- The owner can set a new document URI, set and raise the maximum token amount per address, and update the reflection fee.
- The owner can set the tax configuration (tax address and rate) and the deflation configuration.
- The owner can burn their own tokens, and can exclude or include wallets from fees and limits as well as from rewards.
- The owner can transfer or renounce ownership.
- The owner cannot mint new tokens — the supply is fixed at deployment and there is no mint function.
- The owner cannot burn other wallets' tokens; burning is restricted to the owner's own balance.
- The owner cannot set the combined tax, deflation, and reflection fees above 2,000 BPS (20%).
- The owner cannot pause or freeze transfers or blacklist wallets, and cannot lower the maximum-token-per-address limit once set (it can only be increased).
Security Features
The contract implements several positive security features:
- Fixed token supply with no mint function, so the supply cannot be inflated after deployment.
- Combined fees (tax + deflation + reflection) are hard-capped at 2,000 BPS (20%), enforced both at deployment and on every configuration update.
- The maximum-token-per-address limit can only be raised, never lowered, and burning is limited to the owner's own balance.
- The fee-and-limit exclusion list is capped at 100 entries, and the contract is not upgradeable.
Ownership Clarification - Ownership of the contract has intentionally not been renounced. According to the issuer, ATEG Capital FlexCo, a defined set of administrative functions is required to carry out the documented business and tokenomics processes - including the documented burn mechanism, the issuer's stability model, its balance-sheet tokenization approach, and further operational and regulatory duties of the issuer. The issuer states that these ownership rights serve exclusively the intended administrative and operational functions.
From a security standpoint, the audit confirms that these administrative rights are bounded. The contract is not upgradeable; the token supply is fixed with no mint function; combined fees are hard-capped at 2,000 BPS (20%); and the owner cannot pause, freeze, or blacklist transfers, cannot burn other holders' tokens, and cannot lower the maximum-token-per-address limit once it is set. Within the parameters documented above (fees, limits, and exclusions), the owner can adjust configuration, but the contract contains no function that would allow the owner to seize or lock existing holder balances.
Note - This Audit report consists of a security analysis of the ATEGDV smart contract. This analysis did not include economic analysis of the contract's tokenomics. Moreover, we only audited the main contract for the ATEGDV team. Other contracts associated with the project were not audited by our team. We recommend investors do their own research before investing.
Files and details
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State variables
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Capabilities
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Findings and Audit result
low Issues | 1 findings
Pending
#1 low Issue
Lack of Asset Recovery Mechanisms (Stuck Funds Risk)
The contract does not implement standard "rescue" functions such as recoverERC20() or withdrawETH(). In the event that users accidentally transfer foreign tokens (e.g., USDT, USDC) or force ETH (via selfdestruct) directly to the contract address, these assets will be permanently locked with no technical means of retrieval. This is a common oversight that leaves the project unable to assist users who make transfer errors.
informational Issues | 1 findings
Pending
#1 informational Issue
Incomplete Fee Exclusion for Privileged Accounts
The contract architecture separates fee logic into two distinct layers: the child contract (ATEGDV.sol) handles Marketing Tax and Deflation, while the parent contract (ReflectiveV3ERC20.sol) manages Reflection Rewards. Consequently, there are two independent exclusion lists. Calling excludeFromFeesAndLimits() only exempts an address from the Marketing Tax and Deflation fee; it does not exempt them from the Reflection fee. This creates a scenario where a designated "tax-free" wallet (e.g., an exchange hot wallet, liquidity pool creator, or team treasury) unintentionally continues to pay reflection fees on every transaction, bleeding funds and disrupting financial models.