Solidity Finance Audit
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To ensure the overall security of all toastswap smart contracts we have been audited by a third party company known as Solidity Finance. We will also discuss certain parts of the audit as well as the issue regarding a timelock smart contract.
Solidity Finance team said and I quote "The initial total supply of the ToastSwap token is 500,000 TOAST tokens; currently, held by the team." The toastswap team initially minted 500,000 tokens, but we have burned 479,000. We will use the rest to provide liquidity to the toast token. The solidity finance team said and I quote "More tokens can be minted by the owner of the token contract; and the owner can also burn tokens from any address without prior permission." After this statement they clerify that we can not burn users token and we also can not mint on will because the token contract is set to the masterchef. The solidity finance team also dicusses the governence function of the toast token. The ToastSwap team at the moment has no intention of using the toast token as a governence token. Rather, it will be a reward token for liquidity providers to the toastswap dex. The solidity finance team mention that we should not add tokens with deflationary mechanisms or transfer tax. The toastswap team will not add tokens with these mechanisms.