The $AUDIT token is live now! We are grateful to everyone who supported us, whether through participation in liquidity bootstrapping or by helping to spread the word.

We aim to provide clarity on the utilities and features of $AUDIT, ensuring the information is comprehensive and digestible.

In general, tokens in the Web3 ecosystem can serve various purposes. For $AUDIT, the broad definition of a "utility and governance token" is applicable.

Let’s dig deeper into each aspect.

The Audit Oracle

‍The $AUDIT token serves as the credit system of our AI audit agent deployed on the Virtuals protocol. Credits are consumed for executing tasks such as intent-based trading, risk and portfolio analytics. Utilizing our AI agent in the auditing process will reduce time, cost, and human error associated with audits and increase accessibility while optimizing crypto portfolios of Web3 users based on certain risk metrics, starting with the Base, Sonic & Sei ecosystems.

Follow the Audit Oracle on X!

Token risk assessments with AI

AuditOne's agent now features an AI-powered security risk assessment tool developed in collaboration with our DeFi security monitoring system. This integration optimizes users' security by providing real-time security metrics, market data, and automated portfolio management.

The AI agent gives users continuous, automated protection against DeFi risks, optimized trading decisions, and enhanced security insights, ensuring safer and more resilient investment strategies.

Our audit agent has a command-line interface and is equipped to help users with any web3 security-related inquiries and provide thoughtful AI-driven responses.

• Risk Insights: Provides an overview of a token's security and compliance risks
• Static Scan: Analyzes smart contract code or token for vulnerabilities without execution
• Dynamic Scan: Tests contract or token behavior in a simulated runtime to find execution risks
• Reputation Scan: Evaluates the trustworthiness of a project based on historical and social data

Enhancing Smart Contract Security with AI

We address the security concerns as millions of smart contracts are deployed on multiple chains, holding billions in digital assets. Originally, manual audits covered most security issues, but the number of contracts going live increased exponentially. Modern solutions need to be applied to this contemporary problem.

As a result, AuditOne has launched our own AI auditing Agent to tackle this issue. After fine-tuning, an LLM using more than 6M parameters combined with a retrieval system from 20,000 vulnerabilities serves as a base to create a model that identifies issues in smart contracts.

‍

Client Loyalty

AuditOne has improved our reward user loyalty program. The result is a token-locking mechanism for clients on our platform, enabling them to participate in governance and receive rewards or discounts.

These amounts may adjust based on token price fluctuations in secondary markets. Initially, 10% of the locked amount is allocated to the DAO treasury to further support the ecosystem.

$AUDIT holders can receive a discount on our services. The discount is calculated based on the amount locked. Users can receive a 1% discount by locking a minimum of 4,000 AUDIT token while locking up to 100,000 AUDIT token can earn them a 25% discount (and up to 20% for Solidity code).

If tokens are unlocked before the 365-day lock period (e.g., due to liquidity needs), 50% will be returned to the auditor or client, and the remaining 50% will be burned. 

Locked Amount Discount:

Earn a discount by using AUDIT tokens for the services below:

• Smart Contract Audit
• Bug Bounty
• AI Systems Audit
• KYC Verification
• Penetration Testing
• Trust Layer Integration
• 360 Degree Audit

‍

Governance

Traditionally, decision-making at AuditOne has been centralized and top-down. However, as a community-driven platform with hundreds of auditors, progressive decentralization is logical. Initially, the token was distributed within our community (holders of White Hat Harry) to ensure aligned incentives before trading commenced on the Decentralized Exchange MagicSea.

We plan to transition to a more decentralized governance model, allowing the community to vote on auditor committees and auditing rules. We will also introduce a DAO community treasury, enabling community members to draft proposals and vote on fund allocation.

Community Treasury: The DAO treasury will support early-stage projects needing audit funds. In return, the DAO will receive token allocations from these projects. This approach provides financial benefits while supporting project deployments. The treasury funds will be allocated based on community votes, ensuring that projects with high potential and community support receive necessary audits.

Regarding the funding of the DAO treasury, it has received a token allocation from the initial mint and receives 10% of the funds sent by auditors and clients to the locking smart contract of the loyalty program.

Voting Mechanisms: The governance model will implement a proposal and voting system. Community members can submit proposals related to audit guidelines, platform improvements, or treasury fund allocations. Each $AUDIT token represents a vote, empowering token holders to influence decisions directly. This decentralized approach fosters greater transparency and community engagement, aligning with our vision of a community-driven platform.

‍

Access to SaaS Tooling & Investment Research

AuditOne has not only onboarded security experts but also tokenomics experts and investment analysts. For over six months, we have been assembling investment research pools based on requests from venture capital firms. This research is published on CoinIntel.xyz a few weeks after being handed over to VC firms to prevent investment connections. Access to this research will be exclusive to $AUDIT token holders.

Additionally, we are developing SaaS tooling with an AI component to assist auditors and projects. Our in-house trained smart contract audit assistant, currently in the Alpha stage, can identify previously discovered issues in the smart contracts with around 50% accuracy and we aim to improve this to 70-80% in the coming months, enhancing the efficiency of human auditors without replacing them.

‍

Book your Free Security Consultation:

Google Calendar: https://calendar.app.google/Ai15eyQhiV5c1pBXA
Telegram: https://t.me/m_ndr