SolidProof Smart Contract Audit, All The Details And What To Expect.
Greetings Gnoxians! 🍏
It is with great pleasure we announce the successful completion of our tier one smart contract audit with the highly respected, SolidProof. Over the last week, we have been in very close contact with the SolidProof team, optimizing, securing, and further increasing transparency through our smart contract and in turn working diligently to satisfy our investors.
During our time with SolidProof, the team was able to identify what we had done well, what is industry standard, and furthermore, what we could do to improve. Given our high level of respect for the SolidProof team as well as our investors, we took all suggestions and implemented them straight away.
That being said, not all suggestions given to us by SolidProof were of pleasant nature. Their commitment to security within a smart contract, big or small, lead to a few more intensive changes that needed to be implemented in order to have the privilege of wearing their stamp of approval.
When creating our Smart Contract initially, the team worked within a spectrum of trust and transparency that made the Gnox Smart contract slightly complacent to the overwhelming amount of bad actors within the Defi space. For more context and understanding, please allow us to provide an example.
When creating the initial iteration of the Gnox Smart Contract, our lead developer had a function inside the coding that allowed us to adjust the number of fees or taxes associated with the buying and selling of Gnox tokens. Although the mindset behind this was of honest nature, for example, the community voting to increase or decrease taxes going to the treasury, SolidProof also informed us of the malicious nature in which this function could be used.
Trusting our words and trusting the code are two very different things and in light of some of the horrible things that happen in crypto each and every day, we made the decision to move away from relying solely on the trust we have built within our community. Therefore, we removed as many functions within our smart contract as possible that rely on trust or the actions of our lead developers.
One downside to these changes within our smart contract is the change in contract address. Although functionality remains exactly the same in terms of the Gnox ecosystem functions, users will need to update their wallets with the new contract address that has been successfully audited by SolidProof.
Although slightly inconvenient, the benefit to our community outweighs any potential grievances that may come from the re-adding of our token address.
As we continue to press forward, the support from our community has been tremendous, and at times slightly overwhelming. The love and support you guys send us on a daily basis through Telegram, Discord, or even personal messages drive us to create a project that will stand the test of time in all regards. We would also like to give a special thank you to the SolidProof team for their dedication and technical support of the Gnox Protocol.