Smart contracts rated by AUDIT-SC
- Doge Punks Smart Contract Failed.
- Doge Punks Business Logics Failed
- Overall Audit Conclusion: Failed
Doge Punk NFT Smart Contract
The official Doge Punks statement in itself shows the deliberate deception DogePunks has employed towards its community. By claiming that there is an overarching regulatory instance that protects against the financial loss that holders would incur, they have engaged in what we can only assume is an attempt to misguide prospective buyers.
Our initial findings concluded a critical vulnerability in the enforcement of the marketed business logic by the DogePunks Team.
During our manual review, we reported to the excessively anonymous developer, in writing, our concerns about the enforcement of the fundamental benefit that DogePunk proposes, namely the sales-fee distribution of secondary sales from any DogePunk NFT sale. Our submission to their team was as follows:
The DogePunk NFTs intend a reward of a salesFee to all NFT holders at the point of any sale, throughout the lifecycle of DogePunks. This is initially enforced through their mint() function at the time of offering. When a token is sold, it is minted directly to the buyer’s wallet, and the funds are distributed to the current holders of the DogePunks.
OUR Opinion on Doge Punks NFT
As of the moment the aforementioned publication was made by the DogePunks team, we deem their claims beyond uneducated: they are flat-out lies.
The unethical circumstances in which the events leading up to their announcements transpired leave no room for any conclusion but to say that the misguiding and deceptive statements are done with the full knowledge of them being so.
We condemn misleading investors in the strongest of terms and take strong exception to ethics that the core team of DogePunks has been lacking. For failing to uphold their own claims and deceiving their community, we strongly advise against investing in DogePunks at the time of this writing.
Smart Contracts that are audited by AUDIT-SC