FalXDex Info
The next-generation DEX built on the high-performance Solana blockchain. At the heart of the FalXDex ecosystem lies the native FALX token, a crucial component that fuels the platform. With a fixed total supply of 10 billion FALX tokens, the FALX token aims to deliver sustainable value and growth for its holders.
TrustNet Score
The TrustNet Score evaluates crypto projects based on audit results, security, KYC verification, and social media presence. This score offers a quick, transparent view of a project's credibility, helping users make informed decisions in the Web3 space.
Real-Time Threat Detection
Real-time threat detection, powered by Cyvers.io, is currently not
activated
for this project.
This advanced feature provides continuous monitoring and instant alerts to safeguard your assets from potential security threats. Real-time detection enhances your project's security by proactively identifying and mitigating risks.
For more information, click here.
TrustNet DataPulse
Security Assessments
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 burn function within the contract.
Ownership is renounced
Contract cannot be manipulated by owner functions.
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.
Ownership Privileges
- There are no ownership privileges in the contract.
Note - This Audit report consists of a security analysis of the FalXDex smart contract. This analysis did not include functional testing (or unit testing) of the contract’s logic. Moreover, we only audited one token contract for the FalXDex 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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Findings and Audit result
high Issues | 2 findings
Resolved
#1 high Issue
Incorrect calculation of amount and fee
The calculation for transferring sol to the pool and protocol will exceed the amount paid by the user as the user is paying an amount to the pool + fee to the protocol, and amount_out is getting calculated for amount_in, which is amount - fee. Therefore, it is recommended to add the proper calculation in the function to avoid the issues in the contract.
Resolved
#2 high Issue
Sol transfer is incorrect in case of style 2 in swap function.
The contract contains the functionality in which the sol transfer is incorrect in style 2 in the swap function. In style 2 in swap, sol should be transferred from pool to the user.
medium Issues | 1 findings
Resolved
#1 medium Issue
Missing max fees check.
The contract contains the functionality in which the initializer can set any arbitrary value in the swap and protocol fees, which can be between 0-100, which is not recommended as high fees can cause the loss of funds for the user. Therefore, it is recommended to set certain limits on the fees to avoid this situation in the contract.
low Issues | 1 findings
Resolved
#1 low Issue
use of hardcoded value in initialize function
It is recommended to avoid using hardcoded values in the function.
informational Issues | 1 findings
Resolved
#1 informational Issue
Missing remove liquidity function
The contract does not contain any functionality to remove the liquidity. It is recommended to add the missing functionalities in the contract.