RoRa Emerald Token Smart Contract Audit: Security Rooted in Green
In the emerging world of tokenized assets, RoRa Emerald (RORAE) stands out as a project rooted in on-chain sophistication. Audited by EtherAuthority, its smart contracts undergirding the ERC‑20 token—with built‑in access control and ERC‑1404 transfer restrictions—have earned a “Secured” rating, highlighting strong protection with a few caveats.
What is RoRa Emerald?
The RORAE token operates on Ethereum, blending established standards:
- ERC‑20 fungibility
- Access Control using granular roles (hasRole, grantRole, revokeRole…)
- Transfer Restrictions via ERC‑1404, which enables rules for when and how tokens move
This design enables the team to implement timed locks, dynamic rule updates, and precise governance—an intelligent toolkit for regulatory and compliance flexibility.
Audit Overview
EtherAuthority conducted a mixed-method assessment—automated tools like Slither and Solhint along with manual reviews—to ensure the token works as intended and resists vulnerabilities.
- Critical: None found
- High: 1 identified
- Medium/Low: None
- Info-level: Minor stylistic or optimization notes
Admin Can Burn Tokens: A High-Severity Insight
The only significant finding involves a high-severity capability: admins can burn tokens from any wallet. While this power is intended for regulatory compliance, it can flag centralization concerns. The RoRa team explained this feature is controlled via a distinct Minter role, separate from the admin role, and is guarded by internal board governance.
Centralized Yet Controlled
RORAE’s architecture includes essential admin controls:
- Minting/Burning
- Paused Transfers
- Time-locks and Rule Upgrades
- Role Management
These ensure adaptability and compliance—but underscore that full decentralization remains aspirational.
Final Takeaway
Despite one high-severity note, the audit concludes that RoRa Emerald is Secured, making it reliable for production use. Its access controls and modular logic deliver compliance-ready flexibility without apparent technical flaws.
One loophole can end it all. Shield your project now with EtherAuthority—before it’s too late. Email: contact@etherauthority.io
Audit Report in PDF: RoRa Emerald Token Smart Contracts Security Audit-Report
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