MadKing Finance Smart Contract Audit: Powering Subscription NFTs with Confidence
In today’s booming Web3 landscape, unique projects require advanced security to build trust. MadKing Finance, pioneering the “NFT-as-a-Subscription” (NaaS) model on the Cronos chain, recently underwent a detailed audit by EtherAuthority. Here’s what the team discovered—and why it matters.
Project Vision: Introducing NaaS
MadKing disrupts traditional NFT models by positioning itself as a subscription platform. Instead of selling NFTs outright, subscribers get access to a rotating lineup of collectibles inspired by popular IPs like Game of Thrones. This fresh take combines the allure of NFTs with ongoing engagement—ideal for long-term community builders.
Audit Highlights: Clean, Secure, and Transparent
EtherAuthority reviewed every contract meticulously, rigorously searching for risks and owner conflicts. The result? The code was crowned “Secured”, meaning no major vulnerabilities were found. This places MadKing’s framework among the more robust audited systems emerging in DeFi and NFT spaces.
Strengths:
- Subscription & Minting Logic: Smartly architected to manage subscriptions, handle mint and burn cycles, and dynamically update subscriber-held assets.
- Access Controls: Carefully designed roles ensure only authorized actions—minters, upgraders, and pausers—can adjust critical functions. No sneaky backdoors.
- Upgradeable Structure: With the proxy-aware design, MadKing’s team can safely upgrade the system as the ecosystem grows, without breaking continuity or user data.
- Solid Foundations: By integrating battle-tested components like OpenZeppelin libraries, the audit confirms MadKing adheres to industry best practices.
Good Practices and Tools
EtherAuthority used leading tools—Slither, MythX, and manual code review—to cross-verify findings. Their rigorous strategy ensures even nuanced issues are caught. In MadKing’s case, only minor informational suggestions appeared—no room for alarm.
Trade-Offs: Central Control vs. Future Upgrades
Like many early-stage projects, MadKing maintains certain centralized controls for managing upgrades and minting. While necessary for flexibility, users should acknowledge that true decentralization remains a medium-term goal.
Secure, Scalable, and Subscription‑Ready
EtherAuthority’s audit provides strong reassurance: MadKing Finance’s subscription model is implemented with care and foresight. With a “Secured” rating and upgrade-ready backbone, it’s well-positioned to captivate NFT-loyal communities.
As NFT utility grows and Web3 evolves, innovative models like NaaS can thrive—but only with rock-solid code. This audit suggests MadKing ticks both boxes.
You’ve built the future—now protect it like everything depends on it. Because it does. EtherAuthority.
Email: contact@etherauthority.io
Audit Report in PDF: MadKing Finance Protocol Smart Contracts Security Audit-Report
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