Alliance NFT Protocol: Building on Trust with a “Secured” Audit by EtherAuthority
In the booming world of NFTs and decentralized finance (DeFi), especially on a powerful blockchain like Avalanche, security and reliability are absolutely paramount. We’re excited to share that the Alliance NFT Protocol has successfully completed a comprehensive smart contract security audit by EtherAuthority, a leading name in the blockchain security space. This audit underscores our commitment to providing a secure and trustworthy foundation for all our users.
What Did the Alliance NFT Audit Cover?
The Alliance NFT Protocol is designed to integrate key DeFi and NFT features, offering functionalities such as:
- NFT Minting
- Staking
- Royalty Management
To ensure the utmost security, EtherAuthority meticulously assessed four Solidity-based smart contract files:
• AllianceNFT.sol
• NodeManager.sol
• Royalties.sol
• RoyaltiesAddon.sol
These contracts power crucial features like NFT minting with USDC, sophisticated staking mechanisms, tier management, whitelist control, and a transparent royalty distribution system (1% to creators, 3% to the community). The audit’s goal was to confirm that all these claimed features are not only functional but also incredibly secure.
A “Secured” Stamp of Approval: The Audit Results
EtherAuthority’s rigorous audit process, combining both automated tools and in-depth manual code reviews, delivered overwhelmingly positive results. The audit confirmed that the Alliance NFT smart contracts are indeed “Secured” and ready for mainnet deployment!
Here’s a breakdown of the key findings:
- Zero Critical, High, or Medium Severity Issues: This is a fantastic testament to the meticulous development and attention to security by the Alliance NFT team.
- Two Low-Severity Issues Identified: These included minor concerns regarding input parameter checks and a potential for infinite loops in royalty claims. These were promptly noted for improvement.
- Minor Informational Suggestions: EtherAuthority also provided valuable recommendations on minor aspects like unused functions, the (now unnecessary) use of SafeMath in Solidity versions 0.8.0 and above, and public initializer functions.
Understanding Centralization Risks and Our Commitment
The audit did highlight one aspect of centralization risk: certain functions, such as token minting, blacklist management, and royalty settings, remain under the control of contract owners. While this offers initial flexibility for protocol management, EtherAuthority rightly recommends renouncing ownership post-deployment for full decentralization. The Alliance NFT Protocol is committed to a path of progressive decentralization, and this recommendation aligns with our long-term vision.
Building Confidence in the NFT and DeFi Space
Despite a few minor informational issues, the “Secured” conclusion from EtherAuthority is a powerful endorsement. This audit provides users and investors with significant confidence in the platform’s code quality and operational security.
For any project venturing into the complex world of NFTs and DeFi, undergoing such a comprehensive audit sets a strong example of due diligence and transparency. The Alliance NFT Protocol is proud to lead by example, offering a robust and secure foundation for its community.
Don’t wait for the fire to start. Fortify your ecosystem with EtherAuthority before it’s too late —contact@etherauthority.io
Explore the audit in detail: Alliance NFT Protocol Smart Contracts Security Audit Report
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