On June 4, 2022, EtherAuthority performed a thorough security review of the Avarice Token smart contract. This contract, which follows the BEP20 standard, allows for several actions like depositing tokens for staking, selling, canceling or getting loans on staked tokens, joining lobbies, lending on staked tokens, and buying stakes.
How the Audit Was Conducted and What Was Found
EtherAuthority used a mix of automated tools (Slither, Solhint, and Remix IDE) along with careful manual code reviews to check the security of the contract. The audit found that the Avarice smart contract is “Secured,” meaning there were no critical or high-level security flaws. However, they did find one issue of medium severity, one of low severity, and several very minor issues. The development team was made aware of these findings.
Ownership and How Decentralized It Is
Even though the contract is secure, it has features that give control to an owner, so it’s not completely decentralized. This is an important point for users and investors who value full decentralization in blockchain projects.
Why Smart Contract Audits Matter
Smart contract audits are really important in the blockchain world because they help make sure that decentralized applications are secure and reliable. They help find any potential weaknesses and build trust among users.
Conclusion
The successful audit of the Avarice Token by EtherAuthority shows just how important it is for blockchain projects to have thorough security checks. For both developers and investors, these audits build confidence in the project’s security and how well it works.
You can read all the details of the audit in the full report here: Avarice-Token-Smart-Contracts-Security-Audit-Report
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