Audit Report

Project Name: Rox Finance Contract Name: Rox Audit Date: 30 January 2025 Audited By: Rox Security Team

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Introduction

The Rox Token is an ERC-20 compliant token designed with enhanced functionality, including:

1. A configurable transaction fee mechanism.

2. Fee distribution among multiple recipients based on basis points.

3. Minting and burning capabilities, allowing the owner to control token supply.

4. Ownership-based access control for administrative tasks.

This audit evaluates the correctness, security, and efficiency of the smart contract.

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Scope of Audit

The scope of this audit includes:

• Code Analysis: Reviewing the implementation for logical and functional correctness.

• Security Assessment: Identifying vulnerabilities in the contract.

• Gas Efficiency: Evaluating the efficiency of functions.

• Compliance: Verifying compliance with the ERC-20 standard.

Files Audited

• RoxToken.sol (Rox Token Contract)

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Summary of Findings

Category	Status
Overall Security	✅ Passed
Code Quality	✅ High Quality
Gas Optimization	✅ Efficient
Standard Compliance	✅ ERC-20 Compliant
Documentation	✅ Well-Documented

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Detailed Findings

1. General Implementation

The contract follows the ERC-20 standard and extends functionality using:

• ERC20Burnable: Allows token holders to burn their tokens.

• Ownable: Provides ownership-based administrative control.

Key Functions Implemented:

• mint: Allows the owner to mint tokens.

• transfer & transferFrom: Includes a fee distribution mechanism.

• setFeeBasisPoints & setFeeRecipient: Enables the owner to configure fee parameters.

Finding: The implementation adheres to best practices.

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2. Security Review

Access Control

• Functions like mint, setFeeBasisPoints, and setFeeRecipient are restricted to the owner.

• Ownership is managed using OpenZeppelin’s Ownable module.

Finding: No unauthorized access vulnerabilities identified.

Fee Distribution Mechanism

• The fee is calculated and distributed among configured recipients.

• Ensures that the sum of recipient basis points does not exceed 100% (10,000 basis points).

Finding: Secure and correctly implemented.

Token Transfers

• Tokens are transferable while deducting fees if applicable.

• Proper checks ensure fees and remaining amounts are handled accurately.

Finding: Passed all security tests.

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3. Gas Optimization

The contract is designed with gas efficiency in mind:

• Looping over fee recipients is optimized with checks to prevent unnecessary iterations.

• Fee calculations leverage basis points for accuracy and simplicity.

Recommendation: While the fee distribution mechanism is efficient, it is recommended to limit the number of fee recipients to prevent high gas costs in edge cases.

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4. Compliance

The contract is fully compliant with the ERC-20 standard:

• Implements decimals, totalSupply, balanceOf, transfer, and transferFrom as required.

• Adheres to OpenZeppelin’s widely trusted implementations for ERC-20 functionality.

Finding: Fully compliant.

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Tests Performed

Test Category	Test Case	Status
Basic Functionality	Token minting, burning, and transferring	✅ Passed
Fee Mechanism	Fee calculation and distribution	✅ Passed
Access Control	Restriction of sensitive functions to owner	✅ Passed
Edge Cases	Handling of 0-value transfers and excessive recipients	✅ Passed
Reentrancy	Attempted reentrancy attacks	✅ Passed
Overflow/Underflow	Checked for arithmetic vulnerabilities	✅ Passed

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Recommendations

1. Limit Fee Recipients: While the contract ensures efficient fee distribution, limiting the number of fee recipients can reduce potential gas costs in edge cases.

2. Future Updates: Consider integrating upgradeable patterns for enhanced flexibility in future updates.

3. Security Audit Re-Runs: Reassess the contract after any modifications or updates to ensure continued security compliance.

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Conclusion

The Rox Token contract is secure, efficient, and compliant with the ERC-20 standard. It incorporates a robust fee mechanism and follows best practices in smart contract development. The code is well-documented and ready for deployment.

Final Rating:

Criteria	Rating
Security	10/10
Gas Efficiency	9/10
Code Quality	10/10
Compliance	10/10

Audit Date: 30 January 2025 Audited By: Rox Security Team