An audit determines whether the smart contract code has any perceived flaws. What is an audit?
An audit is where a trusted company reviews the smart contract code of the project in order to determine if there is any reason it may not perform as intended. It is common for an audit company to point out if there are any pitfalls for an investor in the code including but not limited to:
  • Mint/burn functions available
  • Owner can change the transaction amount / owner can pause transactions
  • Logical errors
There can be genuine reasons for the above functions to exist, however, the information is important to hold when you are considering if you wish to invest or not. As is always in crypto, do your own research.
Audit badge If a project has an audit then a badge will be placed on their presale, which links through to the report.
Last modified 9mo ago