Audit Company
0xGuard
0xGuard is a relatively new company with a large portfolio. While the team and its founders remain anonymous, the company is becoming well-known and recognized in the media along with the projects it audits.
DSA presents a unique series of reports on the smart contract and blockchain app auditor market. This report is published for the first time and is not affiliated with any specific vendor. The DSA expert team has performed an in-depth analysis of the blockchain security providers in the market. For that, a methodology was developed, and specific criteria were selected. The data provided in the report are actual for April 2023.
Contents
The main criteria for auditor review
1
Trustworthiness
At this point, we analyze the team, key players, as well as the experience of the company in the field.
2
Media Presence
In this paragraph, we analyze the social networks of the project, the engagement rate, and media publications.
3
Speed and service
In this paragraph, we analyze the speed of the audit as well as the speed of the team's response to the request.
4
Expertise
At this point, we analyze the company's experience with different networks, technological advancements, as well as additional services.
5
Price
In this paragraph, we analyze prices and additional services (We send the same sample contract to every auditor), sales, promo offers, bonuses, discounts, and legal transparency.
6
Quality
In this paragraph, we analyze audit quality, report analysis, and user experience.
Categories and sub-categories
6 categories are present in the review and each may be divided into sub-categories. Each category is evaluated to receive from 1 to 10 points. The same rule applies to each sub-category and the arithmetic mean value of the sub-categories will become a result of the main category. The main result will be calculated in the same manner.
Trustworthiness
- Team members' separate experiences in the field
- Current team’s experience in the field
- Company experience (years of service, date of the first audit)
Media Presence
- Social media (engagement rate, further – ER)
- Media publications
Speed
- Audit speed
- First response speed (from a real person)
- Follow-up response speed
Expertise
- What blockchains does the company audit (rare chains and language get an additional point)
- Technological advancements (developments, tools, automated tools)
- Services (KYC, Incident research, marketing)
Price
- Prices and additional services (We send the same sample contract to every auditor)
- Sales, promo offers, bonuses, discounts
- Legal transparency
Quality
- Audit quality, report analysis
- User experience
Detailed analysis
6 categories are present in the review and each may be divided into sub-categories. Each category is evaluated to receive from 1 to 10 points. Same rule applies to each sub-category and the arithmetic mean value of the sub-categories will become a result of the main category. The main result will be calculated in the same manner.
Trustworthiness
Average score 2/10
1
Team members' separate experiences in the field
Neither the website nor any of the social media pages contain information about the team.
2
Current team’s experience in the field
Neither the website nor any of the social media pages contain information about the team.
3
Company experience (years of service, date of the first audit)
The first audit was conducted on Oct 2, 2021, according to the company’s GitHub page. Since then, the company performed audits of over 100 projects. Judging by that number, we can assume that the company possesses vast experience based on their work rather than years of service. The number of finished audits is confirmed by the company’s GitHub page - the repository contains all audited projects and is regularly updated with new ones.
Media presence
Average score 3,55/10
1
Social Media
The company’s Twitter has a medium number of followers yet the engagement rating is high, compared to similar websites. The company regularly posts updates with both announcements of new audits and partnerships, and crypto security-related or DeFi-related posts.
The company’s Telegram chat has low activity with 1-2 messages per day. However, there is a moderator who responds to users and removes spam messages.
The company’s Telegram chat has low activity with 1-2 messages per day. However, there is a moderator who responds to users and removes spam messages.
2
Media publications
During the research, we came across rare articles and publications about tokens or projects audited by the company. However, there are no publications dedicated to the company specifically such as interviews, market research, etc.
Speed
Average score 9,33/10
1
Audit Speed
An audit takes approximately 5 days, which is a common time frame when it comes to similar projects.
2
First response speed
After initial contact via Telegram, the manager responded within 15 minutes
3
Follow-up response speed
After being provided with detailed info about the project, the manager responded within an hour.
Expertise
Average score 6/10
1
What blockchains does the company audit
Officially the company works in the following networks:
Binance Smart Chain
Aurora
Neon
Shardeum
Harmony
Hedera
Terra
Solana
NEAR Protocol
Sui
Aptos Audits
TON Audits
Also, 0xGuard audits NFT and GameFi projects.
As can be seen from this list, the company works with both EVM and non-EVM blockchains.
Aside from taking on Solidity and Rust contracts, the company audits projects built on Aptos and Sui chains, that are written in Move coding language. When it comes to stack technologies, the company doesn’t have limits.
Binance Smart Chain
Aurora
Neon
Shardeum
Harmony
Hedera
Terra
Solana
NEAR Protocol
Sui
Aptos Audits
TON Audits
Also, 0xGuard audits NFT and GameFi projects.
As can be seen from this list, the company works with both EVM and non-EVM blockchains.
Aside from taking on Solidity and Rust contracts, the company audits projects built on Aptos and Sui chains, that are written in Move coding language. When it comes to stack technologies, the company doesn’t have limits.
2
Technological advancements
None were discovered
3
Services
Aside from auditing services, 0xGuard offers KYC, Smart Contract Development, Marketing Support, and Solidity Consulting
Prices and additional services
Average score 4,33/10
1
Audit prices, affordability
The price for the test audit is $4500. This is an average market price, compared to the majority of other similar companies. This price range is affordable for most of the projects.
2
Sales, promo offers, bonuses, discounts
The company representative has offered a 30% discount, considering that the payment is processed within 3 days. Aside from that, free KYC and discounts on marketing services were offered.
3
Legal transparency
The company accepts payments in stablecoins and liquid coins (Ether, BNB, etc) only.
Quality
Average score 8,1/10
1
Audit quality, report analysis
- Issue description (thoroughness, code examples): YES
- Project description and contracts (what do they do): NO
- Conclusions (automatically generated vs written by specialists): NO
- Recommendations: YES
- Manual audits (a large number of automatically generated audits is a disadvantage): YES
The issues aren’t always described in detail but it’s clearly noticeable that the project runs both an automated and a manual audit. The company also provides recommendations on required actions.
2
User Experience
A quote can be requested only directly through a manager in Telegram. This is a convenient way for new clients to ask questions without having to fill out any forms.
Final Score
Considering the results presented in every category, the following points have been assigned:
2/10 Trustworthiness
3,55/10 Media presence
9,33/10 Speed
6/10 Expertise
4,33/10 Prices and additional services
8,1/10 Quality
The Final Score:
5,55/10
5,55/10
This is the analytic report in a series of reports on the smart contract and blockchain apps auditor market. Presented to you by DSA, it’s guaranteed impartial and factual information on the most well-known, new, and obscure players.
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