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Audit Company

ContractWolf

ContractWolf is an audit company with a selection of other convenient services. The company was founded in 2022 but has already managed to audit over 450 projects.
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
1
The main criteria for auditor review
2
Categories and sub-categories
3
Detailed analysis
4
Final Score
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

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)
According to GitHub, the first audit was published on Jun 11, 2022. Since then, the company has audited around 450 projects. The company’s experience is vast judging by the number of audited smart contracts. The company’s GitHub page serves as proof of this number. The repository contains all the reports and is updated regularly.

Media presence

Average score 3,75/10

1

Social Media

The company’s Twitter account has a large number of subscribers and a high engagement rating, compared to similar accounts. New posts are added regularly and usually, they announce audits, KYCs, and partnerships. Sometimes the account provides information such as scam alerts.

The Telegram channel is dedicated to announcements similar to Twitter. There aren’t many subscribers, but the viewing rate is high compared to similar channels.
2
Media publications
Rare publications about an audited token or project mention the company, however, there are no specific articles about it (interviews with founders, market research, etc.)

Speed

Average score 10/10

1

Audit Speed

An audit takes 8-12 hours, which is very fast in comparison with similar companies.
2
First response speed
After contacting the manager via Telegram we received a response within 1,5 hours.
3
Follow-up response speed
After providing additional information, regarding the project, we received a response within 1 hour.

Expertise

Average score 9/10

1

What blockchains does the company audit

Supported blockchains: ETH, BSC, ARBITRUM, ETHW, DOGECHAIN, AVAX, MATIC, FANTOM, CRONOS, or any layer 2 chains as well as SOLANA and APTOS.

The list is impressive and makes it obvious that the company works with both EVM and non-EVM blockchains.
Aside from Solidity, the company takes Move projects on Aptos chain and Rust projects on Solana. In terms of stack technologies, the company has no shortcomings.
2
Technological advancements
The company has Create Token, a tool that helps create a user token quickly and with ease. There’s also a dashboard with a list of projects, risk analysis, project summaries, and general information such as market cap, price, etc.
The company also has Rug Scanner - is a new ContractWolf security tool, which allows you to check for any red flags in smart contracts. Available for BSC, ETH, ArBITRUM, ZKSYNC, Polygon, AVAX, ETHW, FANTOM, Cronos & GNOSIS.
3
Services
Aside from audit services, the company provides KYC, Smart Contract/web3 dApp/website development, graphics and design creation, Project exposure.

The company offers 2 bundles:

HighTable - The HighTable is a private group made by ContractWolf with multiple Ventures and Capitals as its founding members. The HighTable aims to deliver a transparent report and to secure the investment of its members using meticulous steps of reviewing a project from its website, whitepaper, claims, and smart contract code.

Top Level SAFU - SAFU Badge from ContractWolf is a meticulous research that validates if the owner/developers of a project cannot pull any malicious acts which makes the project SAFE for its investors and participants.

Prices and additional services

Average score 6,33/10

1

Audit prices, affordability

The price of the test project audit is $1200. This is an average price that is available to the majority of projects.
2
Sales, promo offers, bonuses, discounts
During our communication with the manager, we have been offered a $450 discount, so the price came up to $750. A quick version of the audit was offered as well at the price of $100. The quick audit takes 1-2 hours.
A client receives a 5-day promotion on the company’s website, a post with images on Twitter and Telegram, as well as several other smaller promo services.
3
Legal transparency
The company accepts only stablecoins and liquid tokens (Ether, BNB, etc.)

Quality

Average score 1,9/10

1

Audit quality, report analysis

  • Issue description (thoroughness, code examples): YES
Minimal

  • 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 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 via email or directly from a manager via Telegram. Direct contact is a convenient option for potential clients in case the want to ask several questions.

Final Score

Considering the results presented in every category, the following points have been assigned:
  • 2,3/10 Trustworthiness
  • 3,75/10 Media presence
  • 10/10 Speed
  • 9/10 Expertise
  • 6,33/10 Prices and additional services
  • 1,9/10 Quality
The Final Score:
5,54/10
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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