LitiumLIC Info
The rapid shift to renewable energy has made lithium a crucial component in the global energy transition. Lithium-ion batteries power a range of modern technologies, from smartphones and laptops to electric vehicles (EVs) and large-scale renewable energy storage systems. This increasing demand has fueled an astonishing surge in lithium consumption worldwide, expected to triple by 2027 and reach 2.8 million tonnes annually by 2040.
Team and KYC Verification
The team has securely submitted their personal information to SolidProof.io for verification.
In the event of any fraudulent activities, this information will be promptly reported to the relevant authorities to ensure accountability and compliance.
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
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is currently not
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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 renounced
The contract does not include owner functions that allow post-deployment modifications.
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.
Ownership Privileges
- There are no ownership privileges in the contract.
Note - This Audit report consists of a security analysis of the LITIUM 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 LITIUM 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
Functions
public
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State variables
public
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Total lines
of code
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Capabilities
Hover on items
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Findings and Audit result
low Issues | 1 findings
Pending
#1 low Issue
outdated compiler version
The contract uses Solidity version 0.5.16 (pragma solidity 0.5.16;), which is significantly outdated and lacks important security features and optimizations available in newer versions. Older compiler versions may contain known bugs and vulnerabilities that have been fixed in recent releases. It is recommended to upgrade to a more recent Solidity version.
informational Issues | 2 findings
Pending
#1 informational Issue
Unused Code
Remove or document all unused functions. If kept for future use, clearly state the intention in comments. Consider creating a minimized SafeMath library with only required operations.
Pending
#2 informational Issue
Variable Shadowing in Function Parameters
Rename shadowed parameters to be more specific and avoid conflicts with inherited functions.