ImmuneBytes Completes Uniqly Smart Contract Audit | Read More


Posted September 1, 2022 by amitkumar01

The successful conduct of Uniqly Smart Contract Audit by the team of immunebytes. Check out the measures that the team took to ensure the security of Uniqly Smart Contracts.

 
ImmuneBytes formally declared that the security audit of the Uniqly smart contract has been successfully completed.

Our auditors thoroughly examined to assure complete risk coverage and eliminate any room for undiscovered vulnerabilities.

ImmuneBytes conducts a comprehensive evaluation of the security of smart contracts to confirm:

To reduce the danger, identify it.
Best practices and principles are applied.
Enhanced organization and overall quality of the code.
Distribution of tokens and calculations as described in the whitepaper.

A detailed code review and structural, static, and dynamic analyses of the contract were performed. We are pleased to let you know that after conducting the final audit, we found no high-severity issues that would have had a substantial impact on the project's performance.

Report on Audit Overview

Project Name: Uniqly
Languages: Solidity (Smart contract), JavaScript (Unit Testing)
Github commits hash for the audit:
Testnet Code (Testnet):
UniqToken: 0x76D92BDaab4Fb45c3cb8aA9198C53d181C886Ea9
UniqVesting: 0xc589498f462FF538DDeb4A53c5E67A01fdBa390f
Platforms and Tools: Remix IDE, Truffle, Truffle Team, Solhint, VScode, Contract Library

Audit Summary

The ImmuneBytes team gave the project a careful analysis, beginning with a look at the smart contract architecture to make sure it is arranged and secure for third-party smart contracts and libraries.

The smart contract underwent a thorough line-by-line analysis to look for any potential problems, including, but not limited to, Signature Replay Attacks, Variable Shadowing, Unchecked External Calls, External Contract Referencing, Race Conditions, Transaction-ordering Dependency, Timestamp Dependency, and DoS Attacks.

We run unit tests created by the developer during the unit testing process to ensure the functions function as intended. We automated tested the Smart Contract to look for flaws and security issues using internal technology.

Audit Goals

The smart contract audit system's complete functionality in accordance with the specifications was the audit's main objective. The following categories apply to every auditing task we carried out:

Finding security issues in both individual smart contracts and the system as a whole.
Sound Architecture: The architecture of this system was assessed using well-known best practices for smart contracts and general software best practices.
Code Correctness and Quality: A thorough examination of the source code of the contract with the following objectives in mind:

Correctness
Readability
codes that are extremely sophisticated
a high and adequate amount of test coverage

Security Level References

The severity ratings for each topic in this study are as follows:

High severity issues, such as those that must be corrected in order for code to behave as intended.

Medium-severity problems should be fixed gradually because they might lead to problems in the future.

Low severity problems, such as inconsequential details, and warnings, can be disregarded but are better solved later.


Issues High Medium Low
Open - - -
Closed - - 4


Auditor's Recommendations

It was discovered that the Uniqly smart contract code has Low severity flaws while conducting the audits.
Along with other recommendations included in the thorough report, our auditors propose that developers address low severity issues to enhance the functionality of the smart contract.

About Uniqly

Uniqly is a platform created in response to the needs of the market. NFTs are becoming more and more popular, showing great potential, and yet looking at this trend as a bystander, it is hard to avoid being under the impression that what we see here is just a funny game, in which non-existent products of indeterminate value are being speculated on.

Uniqly.io creates the missing bridge. A bridge connecting the world of virtual NFT tokens with real, tangible products. We want to build an ecosystem that will eventually allow the NFTs to grow up to their potential. This solution is revolutionary but also simple in its functioning. It allows us to introduce a real application of blockchain technology to the mainstream thanks to the possibility of the creation and tokenization of real, personalized products, including clothes, collectibles, and limited items.

About ImmuneBytes

ImmuneBytes is a security startup to provide professional services in the blockchain space. The team has hands-on experience in conducting smart contract audits, penetration testing, and security consulting. ImmuneBytes’ security auditors have worked on various A-league projects and have a great understanding of DeFi projects like AAVE, Compound, 0x Protocol, Uniswap, dydx.

The team has been able to secure 15+ blockchain projects by providing security services on different frameworks. ImmuneBytes team helps start-ups with a detailed analysis of the system ensuring security and managing the overall project.
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Contact Email [email protected]
Issued By Shivam Paul
Phone 07303699708
Business Address ImmuneBytes, Spring House B1/639 A, 4th Floor, Janakpuri, New Delhi-110058, India
Country India
Categories Security , Services , Blockchain
Tags smart contract audit , smart contract audit company , smart contract audit report , smart contract audit services
Last Updated September 1, 2022