1. Introduction
Security audits are essential to ensure the integrity, security, and reliability of the PAGEANT Token project. This process identifies vulnerabilities in smart contract code, blockchain infrastructure, and other technical components of The World Beauty Contest platform. This structured audit report will provide a detailed evaluation of security risks and mitigation measures.
2. Executive Summary
2.1. Purpose of the Audit
✔ Evaluate and verify the security of smart contracts and platform infrastructure to protect users and their assets.
✔ Identify potential vulnerabilities in the PAGEANT Token ecosystem.
✔ Ensure compliance with blockchain security best practices and regulatory standards.
2.2. Audit Methodology
✔ Manual code review to detect logical errors, security loopholes, and contract flaws.
✔ Static and dynamic analysis using automated security tools (e.g., Mythril, Slither, Oyente).
✔ Penetration testing to simulate real-world attack scenarios.
✔ Smart contract stress testing under various network conditions.
2.3. Scope of the Audit
✔ Smart contracts, including token issuance, staking, burning mechanisms, and liquidity pools.
✔ KYC/AML procedures for investor security.
✔ Blockchain infrastructure and off-chain integrations.
3. Technical Overview of Smart Contracts
3.1. Smart Contract Architecture
✔ PAGEANT Token’s core smart contracts include:
- Token issuance & distribution contracts
- Staking and reward mechanisms
- Voting governance contracts
- Liquidity and buyback smart contracts
3.2. Key Functionalities
✔ Token minting & burning processes.
✔ Voting mechanisms for contest participants.
✔ Revenue distribution and staking pools.
3.3. Access Control & Permissions
✔ Role-based access control (RBAC) to prevent unauthorized modifications.
✔ Multi-signature governance for contract modifications.
✔ Timelock functions for transaction validation.
4. Audit Methodology
4.1. Code Review
✔ Manual review of the smart contract codebase for potential logic errors, security loopholes, and backdoors.
4.2. Penetration Testing
✔ Simulated cyberattacks to test vulnerabilities in contract interactions.
4.3. Security Tools Used
✔ Static Analysis Tools: Mythril, Slither, Oyente.
✔ Dynamic Analysis: SmartCheck, Manticore.
✔ Gas optimization analysis for cost efficiency.
4.4. Network Security Analysis
✔ Evaluation of blockchain node security, data encryption standards, and interoperability risks.
5. Audit Findings and Risk Analysis
5.1. Identified Vulnerabilities
Vulnerabilities are categorized into four risk levels:
| Risk Level | Description |
|---|---|
| Critical | Can result in complete loss of funds or control. |
| High | Major security flaws that could be exploited. |
| Medium | Potential risks under specific conditions. |
| Low | Minor issues that should be addressed. |
5.2. Vulnerability Breakdown
✔ Smart Contract Exploitability Risks: Identified potential reentrancy attacks, integer overflows, and permission misconfigurations.
✔ Voting Manipulation Risks: Tested resistance to Sybil attacks and double-voting mechanisms.
✔ Liquidity Exploits: Verified against front-running attacks and rug-pull risks.
5.3. Exploit Scenarios
✔ Attack simulations demonstrating how vulnerabilities could be exploited.
6. Remediation Recommendations
6.1. Security Fixes & Enhancements
✔ Patch smart contracts to prevent reentrancy vulnerabilities.
✔ Implement gas fee optimizations to reduce blockchain transaction costs.
✔ Strengthen multi-signature authentication for governance-related actions.
6.2. Security Best Practices
✔ Implement regular contract upgrades following Ethereum Improvement Proposals (EIPs).
✔ Require KYC verification for governance participants.
7. Post-Remediation Testing
7.1. Retesting Identified Vulnerabilities
✔ Smart contracts will undergo secondary audits after implementing security patches.
7.2. Final Security Evaluation
✔ Summary of residual risk assessment post-remediation.
8. Final Security Assessment
8.1. Overall Security Rating
✔ Security rating based on final risk analysis.
✔ Key strengths and areas for future improvement.
8.2. Next Steps & Continuous Monitoring
✔ Recommendations for ongoing security testing and future upgrades.
9. Appendices
9.1. Audited Smart Contract Codebase
✔ Sections of the reviewed smart contract code.
9.2. Security Tools Used
✔ List of blockchain security tools and analysis methodologies.
9.3. Key Terms & Definitions
✔ Glossary of technical blockchain security terms.
10. Certification & Auditor Signatures
10.1. Security Certification
✔ Audit certification confirming compliance with industry security standards.
10.2. Auditor’s Signature & Contact Details
✔ Certified auditor’s name, firm, and security clearance details.