Tokenomics

The Tokenomics are essential for AuditOne to create a thriving ecosystem that benefits all stakeholders in the ecosystem.

Note: The token has been airdropped and "fairlaunched" within the community without any pre-sale.

Bootstrapping
Auditors

A strong tokenomics system is vital for attracting and retaining skilled auditors, the backbone of AuditOne. Offering additional rewards builds a motivated network of auditors driven by $AUDIT's long-term growth prospects.

Alignment of economic Interests

Implementing mechanisms to ensure that the platform's success benefits all stakeholders, including auditors, clients, partners and the community overall.

Incentivizing Repeat Customers

By emphasizing $AUDIT, AuditOne can incentivize token locking by offering discounted audits and free access to premium tools, fostering client commitment.

Fostering Network Effect

As more auditors and projects join the ecosystem, the demand for the token increases, fueling the platform's growth and success.

Enhancing Platform Utility

The introduction of a native token allows for the creation of various use cases and value-added services within the platform. For instance, tokens can be used to access premium features.

Risk Mitigation

The introduction of the token also serves as a risk mitigation tool since $AUDIT-holders carry some counterparty risk in the event of an exploit.

Token Allocation

The token supply and distribution for AuditOne are designed to ensure a fair and balanced allocation that supports the platform's growth and development. The allocation is as follows (more details can be found in the litepaper):

Development Roadmap

H1 2024

Token economy going live through airdrops

Piloting AI-system audits

AI smart contract audit tool

Automation of more audit operations

Development of the coverage pools

H2 2024

DAO introduction (voting of token holders for community treasury, & auditor committee)

On-chain coverage pools going live

More audit tooling (tba)
Token economy going live through airdrops & staking
When we’re done with the idea, we move towards to prototyping. At this step, we implement all your instructions and requirements to the product prototype. You’ll see in detail how everything will look like when the product is released.
Piloting AI-system audits
We understand that every business is unique, and so are its needs. The discovery stage is where your needs and requirements are articulated. Then our professional team begins the research process, deep site analysis.
AI smart contract audit tool
We begin the design process with well-thought-out strategic planning. Our specialist will define your specific business objectives, organize the content so that to meet the needs of your potential clients, visitors, or buyers.
Automation of more audit operations
This is the final stage of the website design process. Once you are satisfied with the approved design, we start testing it for possible bugs. We check your website on its features, test it internally and on various devices and browsers to make sure nothing’s been missed.
Starting development of our coverage pools
Our expert designers work with you to get the right picture of your new website and to consider all the wishes and requirements. This process includes diverse approvals, tests, reviews, and close communication.
DAO introduction (voting of token holders for community treasury, & auditor committee)
Our expert designers work with you to get the right picture of your new website and to consider all the wishes and requirements. This process includes diverse approvals, tests, reviews, and close communication.
On-chain coverage pools going live
Our expert designers work with you to get the right picture of your new website and to consider all the wishes and requirements. This process includes diverse approvals, tests, reviews, and close communication.

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May 31, 2024 12:00 PM
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FAQs

How long does an audit take?

The audit usually takes about two weeks if the source lines of code are small. If the project is more complex and source lines of code are large (e.g.,> 5000), it can take 1 to 2 months.

When can you start auditing?

Once the preparation phase is completed, during the first step of our audit, AuditOne team members talk to the client to fully understand the product and to agree on the scope (at a later stage, our auditor committee will own this task). Here, AuditOne requests supporting documentation and potential questions arising from the initial review. For open-source projects, we browse through the GitHub repository and achieve this step by ourselves.

How does the communication between auditors and project owners work?

For communication, we use mainly our Discord server. For every audit, we make a dedicated channel visible to the AuditOne team, the involved auditors, and the project team.

How long does an audit take?

The audit usually takes about two weeks if the source lines of code are small. If the project is more complex and source lines of code are large (e.g.,> 5000), it can take 1 to 2 months.

When can you start auditing?

Once the preparation phase is completed, during the first step of our audit, AuditOne team members talk to the client to fully understand the product and to agree on the scope (at a later stage, our auditor committee will own this task). Here, AuditOne requests supporting documentation and potential questions arising from the initial review. For open-source projects, we browse through the GitHub repository and achieve this step by ourselves.

How does the communication between auditors and project owners work?

For communication, we use mainly our Discord server. For every audit, we make a dedicated channel visible to the AuditOne team, the involved auditors, and the project team.

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