Nimbus completes Smart State security audit!
We are delighted to announce that Nimbus Platform has successfully passed our manual and automated audit. We conducted 3 different SOW audits along with a BSC smart contract audit, BSC wrapper audit, and BSC revenue report for Nimbus, all of which revealed the project to be highly competent.
Nimbus Platform is safe and sound, you can use their services with full confidence!
Congratulations, Nimbus, for successfully making it through Smart State Security Audit.
Nimbus Smart State Security Audit: Summary
Nimbus approached us for a full-fledged audit of their project. An in and out inspection of the smart contract to establish the validity and soundness of the project. We recommended a series of audits to understand the project compatibility on BSC network and the SOW.
The tests verified the best code practices, ERC20/BEP20 compliance, unchecked call return methods, codes with no effects, function visibility, use of deprecated functions, authorization issues, arithmetic over/underflows, and pool asset security. We confirmed that the codebase was free of logical bugs, private data leaks, authorization issues, and arithmetic over/underflows.
The codes are systematic and well-written with logical coherence meeting all aspects of security. We validated whether they were on par with international standards, base code practices, ERC 20 & BEP 20 specifications. The results were positive.
Nimbus Platform has successfully addressed all security issues. With a brilliant vision backed by a sound smart contract, we can very well say that Nimbus is a promising project in the crypto space.
Note: The validity of the audit report is limited to the competence of coding standards and optimizations followed.
What is Nimbus?
Nimbus is a DAO-governed ecosystem of dApps that introduces users to innovative sources of revenue including IPO participation, lending, crypto trading, and a lot more. The project aims to assist people in building a better financial future through crypto. For this, they offer some of the most efficient crypto tools, giving users seamless access to the global financial market. There are 16 earning strategies in total that stakeholders can make use of on Nimbus.
We are extremely glad to have been a part of their journey.
Wrapping up
The crypto market is highly volatile to the point that flaws and loopholes in smart contracts can bust a project. A number of unfortunate incidents that have happened in the past 2–3 years stand testimony to that. Being essentially decentralized, the major brunt of these mishaps are taken by crypto investors.
How can we avoid this?
Smart contract audit is the answer. They are a prerequisite to mainnet launches in the present crypto ecosystem. Smart contract audits will verify the authenticity and competence of a project and its products before they reach a wider mass so that changes can be made ahead of time and investors can stake their money without apprehensions.
Smart State empowers crypto ventures and investors with judicious audits in line with industry standards.
About Smart State
Launched in 2019, Smart State is a leading DeFi security auditing firm based in Dubai. The team validates the security of the code core, smart contracts and blockchain for logical and business process vulnerabilities.
Although Smart State kickstarted operations with smart contract auditing of DLT-projects, from the very beginning, they made sure that their services went beyond the classic purview of smart contract audit and security review. Smart State security audit assesses a project’s git in detail and provides guidelines for its further advancement. The security audit reports delve into the threats and vulnerabilities the codebases might be prone to in the future as the network achieves scalability and expands to accommodate more use cases and functionalities.
To know more about SmartState and the services we provide, check out our website — https://smartstate.tech/
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