TUNDRA Info
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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,
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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 XRP Ledger account configurations, token settings, and operational procedures listed below, each verified through on-chain analysis. The team referenced above has provided the necessary account addresses and documentation for assessment.
The auditing process consists of the following systematic steps:
- Account Configuration Review: Analyze the provided account addresses, security flags, and settings to fully understand the token issuer's configuration, scope, and operational parameters.
- On-Chain Verification: Conduct a thorough examination of account flags, transaction history, and current ledger state to verify security configurations and identify potential operational risks.
- Documentation Alignment: Ensure that the actual on-chain configurations accurately reflect the provided specifications and intended operational procedures.
- Security Flag Assessment: Evaluate the implementation and status of critical security flags including No Freeze, Default Ripple, Require Authorization, and Master Key configurations.
- Transaction Pattern Analysis: Review historical transaction patterns, token distribution events, and operational activities to identify potential security concerns or irregular behavior.
- Best Practices Evaluation: Assess the account configurations against established XRPL security and operational best practices to enhance transparency, security, and user protection.
- Transparency Recommendations: Provide detailed, specific, and actionable steps to enhance operational transparency, security configurations, and user confidence in the token ecosystem.
An account configuration or setting that differs from the documented specifications may indicate a changed condition or potential security consideration that requires further evaluation within the scope of this transparency 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.
What is an XRP Ledger Token?
An XRP Ledger Token is a digital asset issued on the XRP Ledger blockchain, similar to the ERC-20 standard on Ethereum or SPL tokens on Solana. XRP Ledger tokens can represent various assets, including cryptocurrencies, stablecoins, and utility tokens. They are managed through the XRP Ledger's native token functionality and can be issued, transferred, and redeemed according to the rules set by the token issuer. The XRP Ledger's fast settlement times, low transaction costs, and built-in decentralized exchange make tokens highly efficient for a wide range of decentralized applications (dApps) and financial projects.
Token Configuration
The TUNDRA token issuer account has been configured with secure parameters on the XRP Ledger. The No Freeze Flag is enabled, meaning the issuer has permanently given up the ability to freeze individual trust lines or enact a global freeze, ensuring that token balances cannot be frozen or restricted. The Default Ripple Flag is enabled, allowing token holders to send TUNDRA tokens directly to each other. Additionally, the Master Key has been disabled for enhanced security, with account control transferred to a regular key. These settings demonstrate a commitment to decentralized operation and user fund security.
Note - This audit report consists of a security analysis of the XRP Ledger token configuration. This analysis focused on on-chain technical verification and transparency assessment of the protocol's current implementation. Furthermore, we only audited the token configuration and core protocol mechanics associated with this project. Other potential integrations or third-party contracts related to this project were not audited by our team. We recommend investors conduct their own research before engaging with the token.