How to Launch a Successful ICO: 2024 Guide

Dive into our step-by-step guide, explore the benefits, navigate legal complexities, and execute a successful token sale with…...

How to Launch a Successful ICO: 2024 Guide

By Owais Sultan Dive into our step-by-step guide, explore the benefits, navigate legal complexities, and execute a successful token sale with… This is a post from HackRead.com Read the original post: How to Launch a Successful ICO: 2024 Guide...

Option to have setTokenOutPrice, will impact Token sale and user behavior

Lines of code Vulnerability details There is no loss of funds, but there is a possibility that the current code will dictate user behavior which is not intended. Hence setting the risk rating as medium. Impact There is an option to setTokenOutPrice by the owner. There can be two cases. case-1. th...

tokenOut is only required on finalize

Lines of code Vulnerability details Impact I thought of a potential rug pull from the owner: when users buy tokenOut, it is not required that the contract has already escrowed enough tokenOut. It is only required when finalizing the sale: require tokenOut.balanceOfaddressthis = totalTokenOutBough...

TokenInLimit can be set arbitrarily high even if the contract doesn't have enough tokens to sell.

Lines of code Vulnerability details Impact If totalTokenOutBought tokenOut.balanceOfaddressthis the finalize function will forever revert and no-one will be able to claim their bought tokens. Proof of Concept TokenInLimit can be set arbitrarily high even if the contract doesn't have enough tokens...

Sale should be able to be automatically finalized

Lines of code Vulnerability details Impact The admins are the only ones that are able to finalize the sale. Throughout the token buying process, the admins are transferred tokenIn tokens, and the users are expecting to be able to get the corresponding tokenOut tokens once the sale is finalized. T...

Owner could frontrun with higher price

Lines of code Vulnerability details Impact User can buy tokenOut at price X and be front-run by the owner by setting a higher price. Proof of Concept Recommended Mitigation Steps Changes in price by the owner should have some time lock to protect the buyer from frontrunning --- The text was updat...

Sale participants’ claims are uncollateralized until the sale finalization

Lines of code Vulnerability details Impact Sale participants have to bear the full risk of owner misbehavior or just a technical malfunction until the very end of the sale. For example, if owner's private key is somehow lost, all participants deposits to be gone if tokenOut isn't yet transferred ...