What is a Token Smart Contract Audit?

A token is a unique virtual currency representing tradeable assets and utilities functioning on its blockchain. Crypto tokens have been in the limelight for quitesome time now, evolving as a digital substitute to the existing method of exchange. ERC20 and ERC721 are the most popular. deToken audit is a process that includes detailed scrutiny and analysis of the code that our auditors perform. They ensure that they carry out this process in an unbiased manner. It uses techniques like a manual and automated review of the smart contract powering a crypto token asset. At ImmuneBytes, we employ the best and the most advanced security measures to assess and secure your crypto token smart contracts. This way, we ensure that your decentralized protocol functions as smoothly as intended.

Token Smart Contract Audit Stages

Our blockchain security experts follow a step-by-step approach to conducting the audit process systematically. These are the stages we have in our Token smart contract audit process.

Pre-Req

1. Pre-Requisites

The first step involves analyzing the essential documents required for the audit process and analyzing them. These include documents like BRD, GitHub links, whitepapers, and all the other technical specifications. It assists the auditors in analyzing the intended function of the application they are reviewing.

unit

2. Automated Analysis and Unit Testing

The next phase involves the auditors writing custom unit test cases specific to the smart contract and performing test runs on those unit test cases, along with the test suite provided by the developers. Also, our security auditors deploy automated audit tools such as Slither, Echidna and Mythril to catch the vulnerabilities on the surface level.

manual

3. Manual Auditing

At ImmuneBytes, manual analysis is the most crucial step in the audit process. In this step, our team of auditors check the vulnerabilities in the code by scanning the whole code line-by-line. Our auditors examine the code for logical bugs and run your code against the fuzzing test suite. The auditors recommend addressing the found vulnerabilities and code optimization based on the performance.

report

4. Reporting

The last and final stage of the DApp security audit process can be classified into initial and final reporting. First, our auditors include their recommendations and the detected bugs in the initial reporting. Here, we classify them based on their severity level. After initial reporting, the developers refactor the code based on the recommendations from our auditors in the initial reporting and the final audit report is generated.

Why Is Token Security Audit So Important?

Crypto tokens have been in the limelight for quite some time now, evolving as a digital substitute to the existing method of exchange. ERC20 and ERC721 are the most popular. These are why Token smart contract security audit has become so important nowadays.

protect

Audit protects your and your investor's fund against malicious hacking incidents.

efficient

An efficient audit reveals the opportunities of code optimization, which on execution results into improved performance and a longer market lifespan.

audited

An audited token is safer to deploy on the blockchain.

process

Audit processes serve as a seal of trust and authenticity. Increased trust equates to more investors and users.

Why Choose Us?

We are a crew of experienced auditors. We have evolved as one of the leading token smart contract audit companies. We do our best to help our clients eliminate the fear of losing access to their funds or applications. These are some of the highlights that allow us to distinguish ourselves from the crowd.

Extensive Audit Report

Our audit reports give you an idea about all the vulnerabilities in your code and how to fix them. It makes it easier for you to address the flaws before they turn into expensive exploits.

Check For 100+ Vulnerabilities

There can be 100+ vulnerabilities in your token smart contracts. Worry not; we perform extensive audits covering all of these vulnerabilities. With our recommendations, you can easily fix them.

Smart Contract Fuzzing

Our experts employ smart contract fuzzing, an automatic bug-detection process. It stresses the application and causes unexpected code behaviour, aiding security experts in identifying vulnerabilities and their causes.

Post Refactor Reaudits

A code demands to be updated and hence re-audited. Rest assured, we provide our clients with free re-audits in the future, as and when required.

Security Test Cases

A detailed PoC for severity issues detected during the audit process will be provided along with test cases for clients to reverify the auditor's recommendations.

Quick Turnaround Time

We understand your time is precious. Our team promptly completes an audit with the bare minimum required.

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FAQs

The world of DeFi is enormous. And so are the questions associated with them. Here, we list the top 5 most frequently asked questions on decentralized finance.

Token smart contracts are responsible for creating tokens for a specified blockchain protocol, handling transactions, and keeping track of the balances of each token holder.

Our professional auditors follow some standardized steps, making the audit process more effective and easier. These include:

  • Initial preparations
  • Automatic analysis
  • Manual analysis
  • Standard-specific issues
  • Initial audit report
  • Code refractor
  • Final audit report

If you wish to get a more detailed explanation, you can read our blog Here

A token contract needs an audit during the development and deployment phases. An audit can be undertaken when you're preparing for product release, before any major update, upon noticing any unpredictable behaviour and after performing significant changes to the application's core functionality.

The process is flexible and depends on the code size and the project's complexity. However, we usually take around a week to conduct a token smart contract security audit.

Usually, the cost of the token audit varies with its type and complexity. In addition, the documents the developers provide are also deciding factors for the price. You can answer a few questions on our pricing page and know roughly how much it will cost for the token audit.

Your developers can decide to pick the best-suited solution. Definitely, in our initial audit report, our auditors provide recommendations using which you can fortify the risks that have been identified. Once you have implemented these fixes, we offer to re-audit your application without extra charges.