Full audit of our Smart Contract by HACKEN is completed!
Smart contract is one of the most important part of any token. Generally, it works in the similar way as an ordinary agreement between client and an existing company, however in terms of Blockchain it is implemented into token and forces both sides of any deal to follow the set rules. In is essential to develop smart contract properly because it is literally imbedded into token and cannot be changed after token release.
TruePlay.io faced with some unexpected issued with their smart contract, but all of the problems were solved immediately. But first things first. TruePlay is a B2B platform with a complex of software solutions for online gaming business. This project creates transparent and honest platform for Gambling while been not a gambling provider. TruePlay only allows licensed gambling companies access to their software. Its technologies are aimed on developing online gaming and making it as legal and transparent as possible from any point of view.
TPLAY is a token created by TruePlay for platform needs. And in addition to smart contract TPLAY includes Honesty Control System based on Blockchain technology. This is a unique solution for online gambling industry and it is vital to include HCS into modern casino, as a tool to prevent fraud and to provide transparency of every game.
TruePlay’s first token edition was suffering small weaknesses. Firstly, during its evolvement TruePlay decided to change the model of its incentive system from outmoded discount scheme into bonus system that is more transparent and totally fits to the whole idea of the project. Additionally, the amount of issuing tokens was not enough to meet the needs of TruePlay. Initially it was planned to create 70 million TPLAYs but after a bunch of researches it was recommended to release 100 million TPLAYs. This led to the following reasonable decision — the company decided to update their smart contract.
After adding features mentioned above into smart contract, there was made another wise step, that should be made by any token issuer. TPLAY Coin was analyzed and audited by Hacken OÜ and it was stated that “Overall quality of reviewed contracts is high and no major fixes are required. Contract contains only low to lowest issues, which can’t have serious impact on contract functionality”. And this issues are already resolved. The full text of Hacken Audit can be found on TruePlay Medium blog.
12 September 2018