Successful Cryptonovae Token Smart Contract Audit by Certik
Built as a software solution with modular features, Cryptonovae is a Multi-Exchange Trading Platform that aims at providing the best market access conditions with its low-latency architecture. It meets the needs of any trader, from the very beginner to the most seasoned veteran through its advanced charting and trading tools and its integrated marketplace.
Cryptonovae’s ecosystem is powered by its own ERC-20 compatible utility token $YAE.
The Audit
To ensure the security and trustworthiness of the $YAE token’s smart contract, Cryptonovae successfully completed an independent audit by CertiK.
CertiK is a leading blockchain security company consisting of a team of seasoned engineers and security auditors applying different approaches and detection methods in the auditing process.
In the audit, CertiK used Formal Verification to mathematically prove that the smart contract has no issues and vulnerabilities in the source code by calculating it against every possible value for all variables.
The examination that was performed utilized Dynamic Analysis, Static Analysis, and Manual Review techniques.
The smart contract was tested against both common and uncommon attack vectors. CertiK assessed the codebase to ensure compliance with current best practices and industry standards and the audit found that the contract logic met the specifications and intentions. Furthermore the contract structure and implementation was referenced against similar smart contracts produced by industry leaders and finally the entire code base was manually reviewed by industry experts.
Smart Contract Recommendations
CertiK was unable to identify any critical or major issues and the smart contract was found to follow best practices. The 7 minor recommendations were all addressed and approved immediately. The full audit report can be found here.
This final version of the Smart Contract used for the Cryptonovae token will receive the full allocation of tokens before the listing date, but they will not be transferable until after listing (exact date and time to be announced). All vested tokens are allocated immediately as well but will only be transferable for the amount that has been vested, unlocked on a daily basis. We will renounce the ownership of the contract once the full supply has been allocated, so no special powers will be available for anyone after listing, locking the maximum supply at the fully allocated 100 million YAE and preventing potential re-minting of burned tokens later on. The full contract including tests are already publicly available on our Github so feel free to review the code yourself if you wish.
To learn more about Cryptonovae check out:
Investing in YAE tokens involves the risk of partial or total loss of the investment. There can be no assurance as to the liquidity of the tokens acquired during the offer, the existence of a secondary market for such tokens, the value of the tokens acquired during the offer and the equivalent value of these tokens in foreign currency. The YAE tokens do not constitute financial instruments within the meaning of European regulations (MIFID) and do not confer any other rights than those described in our pitch deck and technical white paper. In addition, the regulatory framework applicable to the offer and to the tokens and the tax regime applicable to the holding of the tokens are not currently defined in certain jurisdictions.
