In the dynamic world of decentralized finance (DeFi), the security and dependability of smart contracts are crucial. Recognizing this, Koubek Token, a standard BEP20 token, took a proactive step by commissioning EtherAuthority to perform a detailed audit of its smart contract.
About the Audit
The audit, which took place on October 15, 2022, specifically examined the Koubek Token smart contract and didn’t include any other contracts associated with the platform. EtherAuthority employed a combination of automated tools, including Slither, Solhint, and Remix IDE, along with careful manual code reviews, to thoroughly evaluate the contract’s security.
Key Findings
The audit concluded that the Koubek Token smart contract is “Well Secured,” as no critical, high, medium, or low-level security flaws were found. The report did highlight a few very minor points, mainly concerning opportunities for code optimization and adherence to best practices. Additionally, the audit noted the presence of functions that are controlled by the contract owner, which means the contract isn’t entirely decentralized. These findings emphasize the need for the contract owner to practice secure management of their keys and to follow the project’s business plan when using these owner-controlled functions.
In Summary
By taking the initiative to have its smart contract audited, Koubek Token showcases its dedication to both transparency and the security of its users. For individuals participating in DeFi, such measures offer greater confidence and reassurance.
For a comprehensive understanding of the audit’s findings, you can review the official report published by EtherAuthority here: Koubek_-KBK-Token Smart Contract Audit Report
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