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Audit Company

Zokyo

Zokio is an auditing company that’s been active in digital security for 5 years. While the company doesn’t offer a wide variety of services, it’s making a name for itself through its media presence and partnerships with well-known 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 June 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 9/10

1

Team members' separate experiences in the field

The leadership team consists of 5 members:

Hartej Sawhney - Founder & CEO
Ira Mychak - COO
Andrei Stefan - CTO
Andrew Rowlstone - CBDO
Davorin Bebek - Head of Investments

Every leadership team member possesses the experience of over 7 years in their respective fields.
2
Current team’s experience in the field
Aside from the key team members, the company’s LinkedIn page contains a list of 27 employees. The staff includes auditors, as well as tech, business development specialists, investment analytics, and other team members.
3
Company experience (years of service, date of the first audit)
According to the disclaimer on the company’s website and LinkedIn page, the company has been providing security services since 2018. Since then, the company has audited over 300 projects and secured over $200 billion in digital assets.

Media presence

Average score 8,75/10

1

Social Media

The company’s Twitter account has an average number of followers and a low engagement rating, in comparison to similar accounts. New tweets appear often and include announcements of audits and partnerships, as well as news regarding developments, informative posts, podcasts with the team members, and security news. The account is followed by several well-known projects such as BNBChain, Layer0, Sui, MoveBit, Radiant, etc.

The team’s LinkedIn page has a large number of followers and a high engagement rating, especially compared to other similar pages. Company news and announcements are published there.
2
Media publications
Articles, provided by the team members, often appear in media, and the company’s name is mentioned in the top online media outlets. Among other media, the list includes Bitcoinist, Cointelegraph, BeInCrypto, Yahoo Finance, HackerNoon, GlobeNewswire, etc.

Speed

Average score 7,5/10

1

Audit Speed

An audit takes approximately 7 -14 days, depending on its price. This is a relatively slow speed compared to similar companies.
2
First response speed
After the initial request, the manager responded within 8 hours.
3
Follow-up response speed
After being provided with the additional details, the manager responded within 10 hours.

Expertise

Average score 5,33/10

1

What blockchains does the company audit

Aside from EVM chains, the company works with various non-EVMs, such as Cosmos and Solana. They also offer audits for several new networks like Sei, Aptos, SUI, and others.
When it comes to stack technologies, the company has no shortcomings. The team is competent with the majority of chains.
2
Technological advancements
None were found.
3
Services
The company offers audit and penetration testing services.

Prices and additional services

Average score 4,66/10

1

Audit prices, affordability

The proposed price for the audit of the test project is $15,400 or $30,000, depending on the speed. It’s a huge price compared to what many other companies would offer.
2
Sales, promo offers, bonuses, discounts
During our communication with the manager, no discounts were offered.

Upon completion of the audit, the team posts an announcement on their Twitter and LinkedIn pages, as well as their website.
3
Legal transparency
The company prefers to work with cryptocurrencies, however, a bank transfer is also possible through a third party.

Quality

Average score 7,6/10

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 reports are fairly thorough. The issues aren’t extremely detailed but they are clearly understandable, and enough to see that a manual audit of the code took place.

2
User Experience
A quote can be requested through the form on the site or through email. There is no direct contact with the manager.

Final Score

Considering the results presented in every category, the following points have been assigned:
  • 9/10 Trustworthiness
  • 8,75/10 Media presence
  • 7,5/10 Speed
  • 5,33/10 Expertise
  • 4,66/10 Prices and additional services
  • 7,6/10 Quality
The Final Score:
7,14/10
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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