BABY APE AUDIT

NXS0003

Baby Ape – BSC

0xcb35e52bebfe06909c216be822fa982efdd60f95

Total Supply – 1,000,000,000,000,000

Contract Link – https://bscscan.com/address/0xcb35e52bebfe06909c216be822fa982efdd60f95

Compiler version – v0.6.12+commit.27d51765

Optimization Enabled – No, 200 runs

Start block – 8719963

Contract deployer’s address – 0xa79b90b1e4544eb72f64cce8fb21bb5108e50413

Marketing wallet – 0xa79B90B1e4544eb72f64cce8fb21bb5108e50413

Security Issues:

High severity:

None

Medium severity:

None

Low severity:

None

Issue Checking Status:

1. Compiler errors: Passed

2. Race conditions/Reentrancy: Passed

3. Possible delays in data delivery: Passed

4. Front running vulnerability: Passed

5. Timestamp dependence: Passed

6. Integer Overflow and Underflow: Passed

7. DoS with revert: Passed

8. DoS with block limit: Passed

9. Methods execution platform: Passed

10. Economy model of smart contract: Passed

11. Impact and exchange rate of logic: Passed

12. Private user data leaks: Passed

13. Malicious event log: Passed

14. Hidden malicious functions: Passed

15. Scoping and declaration: Passed

16. Uninitialized storage pointers: Passed

17. Arithmetic accuracy: Passed

19. Design logic: Passed

19. Cross-fall race conditions: Passed

20. Proper OpenZeppelin contract implementation and usage: Passed

21. Fallback function safety: Passed

What was the thought process behind the Baby Ape smart contract? Why this contract over any other?

Inspired by coins over the past months, the Baby Ape contract maximizes the stability of the coin through high liquidity generation. We started with a relatively low liquidity pool and through taxes and automatic LP generation have achieved over 60 BNB in liquidity. It is the rate and ratio of LP generation that is important, and what differentiates us. Additionally, we also have a low overall tax of 10%. Reflection to holders is a nice

gesture, but without a solid liquidity floor or relatively low tax rate, no one will want to enter as an investor due to losing too much in taxes, even when the price of the coin increases.

Is your team renouncing ownership? Explain why or why not, and how it would be beneficial.

Although the contract has no suspicious functions or any form of owner maliciousness, it has been renounced. Due to the owner of the contract now being the dead address, any liquidity that is automatically added as part of the tax is immediately burned. This assures that the liquidity will forever remain and can never be removed. This is a sign of trust between developer and community, and the project is now under full control of the community itself.

Does your team have experience within the DeFi environment? Are you prepared to run this project diligently?

The team has been in the DeFi scene for a long time and have a wealth of experience. By bringing talent from many diverse backgrounds and experiences including contract vetting, marketing, social media, and site design, we can assure the utmost quality. Everyone is fully committed to giving this project the best opportunity for growth that it can get.

Please explain your team’s choices in distributing Baby Ape upon launch and how you believe it will be beneficial to the project.

No tokens were distributed prior to the fair stealth launch. A maximum limit per wallet was introduced to ensure fair distribution of tokens. All tokens were added into liquidity, and BNB for liquidity was provided by the team. All developer funds are raised from token transactions, which we make sure to be open and transparent about. In this way, any costs can only be recouped with the success of the project, ensuring our continued support.