WINGS, the Ethereum-based platform using prediction markets to value and crowdfund projects recently announced a successful token smart contract audit by Digital Identity SA, a Swiss company focused on blockchain consulting and investments.
[perfectpullquote align=”full” cite=”WINGS Core Developer Stas Oskin” link=”” color=”” class=”” size=””]While time to market is very important for us and our crowdfund participants, priority number one is making sure we always release an as secure code as possible. There can not be any compromises when handling users funds, and Wings has put to its’ banner getting out a robust product that can be used globally with no security concerns. Wings holds dearly the trust put by its community and will go to the utmost length to justify this trust, consistently providing well tested and audited platform.[/perfectpullquote]
Triple the Security Audits
Smart contract technology is undergoing rapid and innovative changes that require extra effort and measures to ensure that quality of code which runs on public blockchains is consistent with expected outcomes. To that end, WINGS Foundation engaged three audit firms to ensure no stone went underturned in identifying potential risks.
Audit results summary by Digital Identity
- The Token smart contract follows the ERC20 standard interface and implements a minting behavior with a limited number of minting operations with prefixed amounts and scheduling.
- The implemented minting scheme looks like a means to lock tokens to some initial stakeholders, with the difference that the “locked” tokens are not counted in the addresses balances until they are unlocked.
Audit result: No security flaw found, with some hints to improve compatibility with applications that rely on the standard ERC20 interface.
The WINGS team stated:
“The WINGS Foundation chose Digital Identity SA following recommendations from experts in ethereum smart contracts.”
“Their audit results were detailed and allowed us to improve our smart contract development skills. We are pleased with the results and will be looking to work with Digital Identity in the future. With the audits completed the WINGS token has been launched on the Ethereum mainnet and listed as a top 20 Ethereum token on Etherscan.”
WINGS Foundation is based in Switzerland and comprised of a decentralized team of professionals aiming to bring blockchain-enabled projects to the mainstream. WINGS uses DAO technology to enable a new class of emergent incentivized artificial swarm intelligence on the Ethereum network for price discovery. Further, WINGS gives access to best in class smart contracts for blockchain based crowdfunding and for a project’s decentralized governance.