Case Study: Hacken’s Audit of EBSI Smart Contracts
Hacken performed smart contract audits for the EBSI, contributing to the safety and reliability of digital public services across Europe
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The project Bubblemaps, the supply auditing tool for DeFi tokens and NFTs, has established a partnership with Hacken to allow investors to make well-informed decisions based on easy-to-understand on-chain data infographics and high-quality smart contract audit.
Bubblemaps creates colorful bubbles allowing users to easily see connections between different crypto wallets. If the wallets holding the biggest shares of the project’s tokens are closely linked to each other, it is a suspicious sign. Namely, there is a risk that a whale investor splits its tokens between connected wallets to hide its status. Bubblemaps use cases include the fight against wash trading, wallet-splitting, and manipulations with voting power.
For Bubblemaps, partnership with Hacken is the way to bring additional safety to DeFi investors. By correctly analyzing the project’s token supply and the results of a smart contract audit, users can conclude whether investing in this venture is a reasonable decision and what are the associated risks. As a result, the projects that neglect meeting essential security requirements with visible token supply manipulations will not be able to obtain new financing.
For Hacken, this partnership is a big step toward implementing our mission – making Web 3.0 a safer place. The availability of a smart contract audit and other forms of security testing does not guarantee that a project meets the highest ethical standards. Using the infographics provided by Bubblemaps, our community can try to assess the risk that a particular project may make a rug pull or scam exit.
Don’t neglect to analyze token supply before making any major investment decisions!
Bubblemaps is a powerful tool that allows users to visualize blockchain data faster, and easier. It displays the 150 top wallets of any DeFi token or NFT collection as 150 bubbles. If bubbles are linked to each other, it means that there have been historical transfers between those wallets.