Shiba $WING
Smart Contract Audit Report
Executive Summary
This report presents the outcomes of our collaborative engagement with the Shiba Wings team, focusing on the comprehensive evaluation of the WINGS contract.
Our team conducted an initial security assessment from July 29th to July 30th, 2024.
Shiba $WING is a new ERC-20 token on Ethereum that supports Shiba Wings' mission to enhance the dining experience through blockchain technology, improving customer interactions and extending their service reach.
Audit Scope
Name |
Source Code |
Visualized |
WINGS |
Name |
Address/Source Code |
Visualized |
WINGS |
Audit Findings
No findings were identified, though some centralized aspects are present.
System Overview
TOKENOMICSThe total supply of the token is set to ~888.88 million $WING [888,888,888] and is minted to the owner upon deployment. No mint functions are accessible beyond deployment. Any user can burn their own tokens to reduce the total supply at any time. Any user can burn tokens on behalf of another user up to their granted allowance.
TOKEN ATTRIBUTESThere is a Tax fee on all transfers where neither the sender nor the recipient is whitelisted from fees. The tokens collected through the Tax fee are sent to the Tax address set by the owner.
The contract complies with the ERC-20 standard. As the contract is deployed with Solidity v0.8.26, it is protected from overflows/underflows.
OWNERSHIP CONTROLSThe owner can set the Tax fee to any percentage at any time. The owner can add or remove any addresses from the fee whitelist at any time. The owner can renounce ownership at any time.
Vulnerability Analysis
| Vulnerability Category | Notes | Result |
|---|---|---|
| Arbitrary Jump/Storage Write | N/A | PASS |
| Centralization of Control | The owner can set the Tax fee to any percentage at any time. | WARNING |
| Compiler Issues | N/A | PASS |
| Delegate Call to Untrusted Contract | N/A | PASS |
| Dependence on Predictable Variables | N/A | PASS |
| Ether/Token Theft | N/A | PASS |
| Flash Loans | N/A | PASS |
| Front Running | N/A | PASS |
| Improper Events | N/A | PASS |
| Improper Authorization Scheme | N/A | PASS |
| Integer Over/Underflow | N/A | PASS |
| Logical Issues | N/A | PASS |
| Oracle Issues | N/A | PASS |
| Outdated Compiler Version | N/A | PASS |
| Race Conditions | N/A | PASS |
| Reentrancy | N/A | PASS |
| Signature Issues | N/A | PASS |
| Sybil Attack | N/A | PASS |
| Unbounded Loops | N/A | PASS |
| Unused Code | N/A | PASS |
| Overall Contract Safety | PASS |
About SourceHat
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Our firm is well-reputed in the community and is trusted as a top smart contract auditing company for the review of solidity code, no matter how complex. Our team of experienced solidity smart contract auditors performs audits for tokens, NFTs, crowdsales, marketplaces, gambling games, financial protocols, and more!
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What is a SourceHat Audit?
Typically, a smart contract audit is a comprehensive review process designed to discover logical errors, security vulnerabilities, and optimization opportunities within code. A SourceHat Audit takes this a step further by verifying economic logic to ensure the stability of smart contracts and highlighting privileged functionality to create a report that is easy to understand for developers and community members alike.
How Do I Interpret the Findings?
Each of our Findings will be labeled with a Severity level. We always recommend the team resolve High, Medium, and Low severity findings prior to deploying the code to the mainnet. Here is a breakdown on what each Severity level means for the project:
- High severity indicates that the issue puts a large number of users' funds at risk and has a high probability of exploitation, or the smart contract contains serious logical issues which can prevent the code from operating as intended.
- Medium severity issues are those which place at least some users' funds at risk and has a medium to high probability of exploitation.
- Low severity issues have a relatively minor risk association; these issues have a low probability of occurring or may have a minimal impact.
- Informational issues pose no immediate risk, but inform the project team of opportunities for gas optimizations and following smart contract security best practices.