It’s a great achievement that FluxF has recently passed Cyberscope’s smart contract audit.
For those who may not be familiar with Cyberscope, it’s a well-established smart contract auditing and KYC service provider. The company has audited over 2,200 blockchain projects and provided KYC services to over 800 teams. This means that the credibility and integrity of Cyberscope’s audits are beyond question.
According to Cyberscope’s audit report, Flux’s smart contract excels in several key areas:
1. Security
- High Security Rating (95%): Flux’s smart contract was rated “low risk,” indicating that the project is robust in terms of code security.
- No Critical Vulnerabilities: The audit found no critical security flaws, only minor issues like “dead code not removed” and “unstable compiler version used,” but these have minimal impact on the actual operation of the contract.
- Prevention of Malicious Activity:
- No Transaction Fee Adjustment: Developers or administrators cannot change transaction fees, preventing abuse of power.
- No Token Minting/Burning Function: This ensures that the total token supply remains fixed and prevents inflation or deflation through contract manipulation.
- No Blacklist or Freezing Mechanism: Flux does not allow developers to blacklist users, ensuring equal rights and free trading for all users.
- No Transaction Interruption: There is no way to halt transfers or transactions, guaranteeing the liquidity of the token remains unaffected by centralized control.
2. Transparency
- Open Source Code: The contract’s code is public, and anyone can review and verify its functionality. This transparency allows developers, investors, and users to independently assess the project’s security.
- Third-Party Endorsement: Cyberscope’s audit report itself is an independent third-party validation, providing additional credibility to Flux’s transparency.
3. Functional Stability
- Stable Tokenomics:
- Fixed Total Supply: Flux has a fixed total token supply of 440 million, and the audit did not find any operations related to token minting or burning.
- Sustainable Economic Model: With no risk of token manipulation, Flux’s tokenomics are viewed as stable and reliable.
- Sustainability of the Contract:
- Prevention of “Upgrade Scams”: The audit did not identify any “proxy contracts” that could arbitrarily control the contract’s logic, meaning the contract code cannot be altered at will by the project team, reinforcing trust among users.
4. Boosted Community and Market Confidence
- Enhanced Reputation: Thanks to Cyberscope’s audit, Flux has garnered more attention from the market and the community. Platforms like CoinMarketCap and CoinGecko typically prioritize or mark projects that have passed audits, giving them more exposure.
- Reduced Investment Risk: With dual assurances of security and transparency, investors are more likely to participate in purchasing Flux tokens and providing liquidity.
5. Compliance and Legitimacy
- Adherence to Industry Best Practices: Cyberscope’s audit standards are based on the best practices in the industry, thoroughly examining the code structure, logic, and governance mechanisms to ensure Flux’s contract complies with regulatory and industry standards.
- Prepared for Regulatory Environment: As the blockchain industry faces increasing regulatory scrutiny, projects that pass audits have enhanced credibility and are better positioned in discussions with regulators.
Through Cyberscope’s audit, Flux has been recognized for its security, transparency, functional stability, market trust, and regulatory compliance. This recognition not only helps attract investors, exchanges, and partners but also strengthens Flux’s reputation and public trust within the broader blockchain ecosystem.
So, let's put an end to the rumors here. Flux is a fully compliant and legitimate project with low risk, unlike some of those Meme coins. If you're going to talk big, at least back it up with some evidence.
