Audit Company
ContractChecker
ContractChecker provide blockchain services from Smart Contract Development, Audit and KYC to creating Launchpads, NFT Marketplaces and any kind of unique DApps.
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 2,3/10
1
Team members' separate experiences in the field
The official website contains a dedicated team section but the members are anonymous, using avatars instead of actual profile pictures There are no links to their social media and no network offers any information about them.
2
Current team’s experience in the field
Neither the website nor the company's social media pages contain information about the team.
3
Company experience (years of service, date of the first audit)
According to the GitHub page, the first audit was finished on Dec 10, 2021. Since then, the company has audited over 400 projects so we can safely say that the company possesses experience based on the number of audits rather than the time the company has existed. The company’s GitHub page serves as proof as it provides a repository with all the audited projects. The repository is regularly updated with new reports.
Media presence
Average score 0,75/10
1
Social Media
The company’s Twitter has a small number of subscribers and a low engagement rating compared to similar accounts. Posts are added regularly and include audit, partnerships, and development announcements as well as informative articles and information about DeFi.
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
Neither the website nor the company’s social media contain any information regarding the company’s media presence.
Speed
Average score 7,66/10
1
Audit Speed
An audit takes approximately 14 workdays, which is a relatively long time compared to what similar companies offer.
2
First response speed
After the initial request directly via Telegram, the manager responded within 8 hours.
3
Follow-up response speed
After the follow-up information was provided, the manager responded within 3 hours.
Expertise
Average score 4,5/10
1
What blockchains does the company audit
The company works exclusively with EVM blockchains.
2
Technological advancements
The company has developed several DApps:
- Token Creator
- Escrow
- Locker Creator - in development
- Multisender
3
Services
Aside from auditing, the company provides KYC and Smart Contract Development services.
Prices and additional services
Average score 3,33/10
1
Audit prices, affordability
The price for the test audit is $3.5k. This is an average price on the market, it’s affordable for the majority of projects.
2
Sales, promo offers, bonuses, discounts
No discounts were offered during the communication with the team. In addition to the audit report, the company will release a tweet with the announcement and doubles it on their Telegram channel.
3
Legal transparency
The company accepts only cryptocurrency payments.
Quality
Average score 1,6/10
1
Audit quality, report analysis
- Issue description (thoroughness, code examples): YES/NO
- Project description and contracts (what do they do): NO
- Conclusions (automatically generated vs written by specialists): NO
- Recommendations: NO
- Manual audits (a large number of automatically generated audits is a disadvantage): NO
The description states that among other things, the company performs a manual check. However, in 7 randomly selected reports we haven’t found any issues that couldn’t have been found by automated tools. In general, the company provides very generic automated reports.
2
User Experience
A quote can be requested only directly via Telegram from the manager. Offering a way to contact the team without the need to fill out any forms is a very convenient way for potential clients who want to ask questions prior to placing an order.
Final Score
Considering the results presented in every category, the following points have been assigned:
2,3/10 Trustworthiness
0,75/10 Media presence
7,66/10 Speed
4,5/10 Expertise
3,33/10 Prices and additional services
1,6/10 Quality
The Final Score:
3,36/10
3,36/10
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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