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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,
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.
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 cannot be locked
Owner cannot lock any user funds.
Ownership is renounced
The contract does not include owner functions that allow post-deployment modifications.
Scope of Work
Our focus is on evaluating key security elements of the Solana Program associated with your SPL token. Specifically, we examine whether critical authorities have been appropriately revoked and assess the token’s metadata for mutability.
Authority Review:
- We ensure that the Minting and Freeze Authority has been revoked. If these authorities remain active, there is a high security risk, as they allow further minting or freezing of tokens.
- We also check whether the Update Authority has been revoked. If not, this represents a low security risk, but it could still allow modifications to the token metadata.
Metadata Mutability:
- We verify if the token metadata is still set to isMutable = true. If so, this could permit future changes to the metadata, which poses a potential security concern.
This audit is conducted based on real-time program data on the Solana blockchain, without the need for files or external submissions. The findings focus solely on the claims related to authority revocation and metadata mutability, ensuring the token complies with industry best practices for security and immutability.
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 SPL Token?
An SPL Token is the token standard used by the Solana blockchain, similar to the ERC-20 standard on Ethereum. SPL tokens can represent various assets, including cryptocurrencies, stablecoins, and utility tokens. They are managed by smart contracts on the Solana network and can be minted, transferred, and burned according to the rules of the contract. Solana's high throughput and low transaction fees make SPL tokens highly scalable and efficient for a wide range of decentralized applications (dApps) and projects.
Note
This audit report consists of a security analysis of the SPL token. This analysis did not include functional testing (or unit testing) of the token’s logic. Furthermore, we only audited one token contract associated with this project. Other contracts related to this project were not audited by our team. We recommend investors conduct their own research before engaging with the token.
Files and details
| Mint Authority Revoked | Yes |
| Freeze Authority Revoked | Yes |
| Update Authority Revoked | No |
| Metadata is Mutable | No |
| Decimals | 9 |
| Total Supply | 10.000.000.000.000.000.000 |
Findings and Audit result
high Issues | 1 findings
Resolved
#1 high Issue
The mint authority is not revoked.
The Mint Authority of the audited SPL token has not been revoked. This poses a significant risk as the Mint Authority has the ability to create new tokens, which could lead to uncontrolled inflation or manipulation of the token supply. For investors and project owners, it is crucial to understand that without revoking this authority, the token supply remains mutable, allowing further minting at any time.
informational Issues | 1 findings
Resolved
#1 informational Issue
The update authority is not revoked.
The Update Authority of the audited SPL token has not been revoked, posing a low-level, informational risk. While this does not represent a critical threat, it still allows the possibility of modifying the token's metadata. For transparency and long-term confidence, it is recommended to revoke this authority, ensuring that the token's metadata remains immutable.