In an era where trust is the cornerstone of any successful cryptocurrency project, we are proud to announce that BuyTruth has passed its audit with flying colors. This achievement marks a significant milestone in our journey, reaffirming our commitment to transparency, security, and community trust.
Understanding the Importance of an Audit
Before delving into the specifics of the audit findings, it’s crucial to understand what an audit is and why it’s important in the world of cryptocurrencies. An audit is a thorough examination of a project’s smart contract code conducted by independent, third-party experts. This process involves identifying potential security issues, vulnerabilities, and inefficiencies within the code.
Why is an audit important? In the decentralized and often unregulated landscape of cryptocurrencies, an audit acts as a stamp of approval. It assures investors, users, and the community that the project adheres to high standards of security and reliability. A positive audit report is a testament to a project’s integrity and commitment to its user base.
Highlights of the BuyTruth Audit Report
The BuyTruth audit was conducted meticulously, examining every aspect of our smart contract code. We are thrilled to share the highlights:
- Audit Findings:
- Date: October 25th, 2023
- All findings have been resolved.
- Finding #1 (Resolved): Initially, a value of zero was returned in the
calculatePenaltyPercent()
function when thedaysHeld
calculation resulted in 89 days, due to the automatic truncation of decimals in Solidity. This was quickly addressed by the team, enhancing precision through the introduction of a multiplier.
- Contract Overview:
- Total Supply: 8.1 billion $TRUTH
- Mint/Burn Functions: No public access, circulating supply can be decreased by sending tokens to the 0x..dead address.
- Launch Block Requirement: Transfers are only possible after the launch block, with the owner having pre-launch transfer privileges.
- Anti-Whale Mechanism: Users are prevented from buying more than 1% of the total supply per transaction before the Anti-Whale block is reached.
- Penalty Mechanism: A penalty is applied on sells and peer-to-peer transfers by non-exempt addresses within 90 days of purchase, reducing proportionally each day and reaching zero after 90 days.
- Token Distribution from Penalties: 45% for rewards, 30% burned, 15% to Charity wallet, 10% to Dev wallet.
- Reward Eligibility: Based on recent purchases and proportional to the total eligible supply.
- Safety Measures: Deployed with Solidity v0.8.21, safeguarded against overflows/underflows.
- Compliance: Adheres to the ERC-20 token standard.
Moving Forward with Confidence
The successful resolution of audit findings and the comprehensive nature of the report underscore our relentless pursuit of excellence. BuyTruth is not just a token; it’s a beacon of trust and reliability in the crypto space.
As we move forward, this audit report serves as a solid foundation upon which we build our future. It’s a clear message to our community and potential investors: BuyTruth is a project committed to the highest standards of security, transparency, and community welfare.
Join Us on This Trustworthy Journey
As we celebrate this milestone, we extend our heartfelt gratitude to our community for their unwavering support and trust. The success of the BuyTruth audit is as much your achievement as it is ours.
We invite you to continue this journey with us, a journey built on the pillars of truth, transparency, and shared success. Together, let’s shape a future where BuyTruth stands synonymous with trust and innovation in the cryptocurrency world.
For more details on the audit report and to stay updated on the latest developments, follow us on our social media channels and join our Telegram community. Let’s build a trustworthy future together!