LEAPFROGGING THE PRACTICE OF PASSIVE HOLDING

SSN Smart Contract Audit

  • The total supply of the token is set to one quadrillion.
  • No mint or burn functions are present; though the circulating supply can be reduced by sending tokens to the 0x..dead address, if desired.
  • Currently, 89% of the tokens have been sent to DxSale for a presale.
    5% of the token’s supply has been locked and will vest to the team over 4 years.
  • The team has retained 1.275% of the supply for the private sale.
  • Supersonic’s code implements and builds upon the fee-redistribution features pioneered by Reflect Finance.
  • Users who hold tokens will automatically receive a portion the fees from a transaction tax on each transfer.
  • A portion of the fee charged on transactions is stored in the contract and, once a threshold value is met, used to fund PancakeSwap liqiudity.
  • Liquidity-adds are funded by selling half of the tokens collected as fees, pairing the received ETH with the
    token, and adding it as liquidity to the BNB pair.
  • There is a transfer limit of 5 tillion tokens per transaction.
  • The owner of the contract can exclude and include users from transfer fees, update the maximum transaciton amount, update the fee percentages and update how the fees are allocated.
  • On our recommendation the team has updated the contract to limit the maximum fees and minimum max-transfer amounts to 9% in order to prevent abuse. The maximum transaction amount is also limited to a minimum of 5% of the total supply.
  • Some functions could have been declared external instead of public to save some gas, but as this is already deployed this is merely informational.
  • The contract utilizes SafeMath libraries to prevent overflows along with following the BEP20 standard.
  • No security issues were identified in our analysis.
  • As with any presale, ensure trust in the team prior to giving them funds.
  • Further, ensure trust in the team as they have some control in the ecosystem.
  • KYC: Yes, by our firm. KYC information is available upon a request from law enforcement, subpoena, or a similarly valid legal process.
  • Date: April 11th, 2021
  • Update Date: April 12th, 2021 - Inclusion of limits of owner’s ability to set platform fees.
  • Update Date: April 12th, 2021 — Updated token allocations.

ABOUT SUPERSONIC FINANCE

--

--

--

Official Medium Account of Supersonic Finance. The Protocol for Exponential Returns.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Not your average IDO

Are We Headed for a Cashless Society?

A phone being held up to a screen to scan a QR code.

Slurp Finance #1 : Presentation

Dinosaur Eggs: New BabySwap Friend Coming in!

Ali Rasoul speaks on why emerging creative entrepreneurs should consider investing in digital…

Why Sphere is the answer to social media revolution?

Announcing our Partnership with Genopets: The World’s First Move-to-Earn NFT Game, Built on Solana

The 2 Main Causes Of The 2021 Bitcoin Crash

Bitcoin Leveraged

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Supersonic Finance

Supersonic Finance

Official Medium Account of Supersonic Finance. The Protocol for Exponential Returns.

More from Medium

Attachment Issues

E Studio Project 2 w/ Emily Liu

Introduction of Origin:Play-to-Earn’s RPG Game

The Demon Behind Nigeria's Joblessness, By Saidu Ibrahim Emirokpa