The Vincere (VINC) Audit
Complete security evaluation and code review of The Vincere (VINC) BEP-20 token smart contract
Project Overview
The Vincere (VINC) is a BEP-20 token powering a nonprofit driven ecosystem that empowers athletes through direct funding, resources, and community support, breaking down financial barriers to help talent reach its full potential.
Audit Status
No critical security vulnerabilities found. All findings relate to standard governance patterns.
Contract Details
Key Findings
Audit Scope
The security assessment was focused on identifying vulnerabilities in the smart contract code that could potentially lead to:
- Fund loss or token theft
- Unauthorized minting of tokens
- Front running attacks
- Logic errors in reward calculations
- Reentrancy vulnerabilities
- Access control weaknesses
- Owner privilege abuse
- MEV protection bypass
- Blacklist functionality abuse
- Fee distribution vulnerabilities
- Denial of service attacks
Audit Findings
The contract is functionally safe with moderate centralization considerations that should be noted by users but do not prevent safe operation.
Detailed Findings
Medium Risk Findings
M-01: Centralization Considerations
The contract operates with centralized administrative control where the owner can modify fees (capped at 10%), manage blacklist, and control treasury wallets. This is standard for many DeFi projects but users should be aware of trust assumptions.
Impact: Users must trust the project team's governance decisions. Standard for early stage DeFi projects.
M-02: Blacklist Functionality
The contract includes blacklist functionality allowing the owner to prevent specific addresses from trading. This is a common administrative feature in DeFi tokens but represents centralized control that users should be aware of.
Impact: Administrative control over user trading access. Standard feature for compliance and security purposes.
M-03: Anti-MEV Initial Fee Period
The contract implements a 60% initial fee for anti-MEV protection that affects all users equally for the first 60 minutes after launch. This is an intentional design choice to prevent MEV exploitation but results in high initial trading costs.
Impact: High trading fees during launch period affect all users equally. Feature working as intended to prevent MEV attacks.
Recommendations & Conclusion
Overall Risk Level: MEDIUM
Positive Aspects:
- Proper BEP-20 standard compliance with comprehensive interface implementation
- Anti-MEV protection mechanism to prevent front-running during launch
- Fee caps implemented (maximum 10% total fees) preventing excessive taxation
- Clean Solidity code (0.8.30) with modern error handling and custom errors
- Reasonable airdrop functionality with proper validation checks
- Built-in overflow protection through Solidity 0.8.x
- Comprehensive event emission for transparency
- No critical security vulnerabilities identified
Medium Risk Findings:
- M-01: Centralized administration (standard for DeFi projects) with reasonable fee caps
- M-02: Blacklist functionality for administrative control and compliance
- M-03: Initial 60% anti-MEV fee affects all users equally during launch period
Recommendations:
- Consider implementing multi-signature wallet for administrative functions
- Publish clear governance guidelines and fee change policies
- Consider community governance mechanisms for future upgrades
- Maintain transparency around blacklist usage and criteria
✅ Security Assessment
The contract implements standard DeFi governance patterns with appropriate safeguards. Fee caps are reasonably set at 10% maximum, and the anti-MEV mechanism protects all users equally during launch. All findings are related to governance design choices rather than security vulnerabilities.
The HashKode security team has analyzed The Vincere contract and found it implements solid tokenomics with appropriate protections. No critical security vulnerabilities were identified. The governance aspects are standard for DeFi projects and include reasonable safeguards.