TonBit, a leader in TON blockchain security and auditing, has completed its audit of the TRC404 protocol, an innovative project aimed at enhancing liquidity and divisibility within the NFT ecosystem in TON.
The TRC404 protocol is an innovative mixed Jetton and NFT implementation featuring native liquidity and fractionalization for semi-fungible tokens. Inspired by the ERC-404 protocol, TRC404 is the first project to implement this standard on the TON blockchain. It addresses critical issues of “insufficient liquidity” and “indivisibility” commonly faced by NFTs, enabling native support for the fragmentation and reassembly of NFTs through wallet transfers of tokens, without the need for third-party platforms.
Audit Overview
TonBit’s thorough audit of the TRC404 protocol identified a total of 9 vulnerabilities, categorized as follows:
- Informational: 0
- Minor: 2
- Medium: 4
- Major: 2
- Critical: 1
The complete audit report, which provides an in-depth analysis and summary of the findings, is available for public review and can be accessed here: https://tonbit.xyz/reports/TRC404-Smart-Contract-Final-Audit-Report.pdf
About TonBit
TonBit, a subsidiary brand of BitsLab, is a pivotal security division deeply engaged in the infrastructure and security audits of the TON ecosystem since 2021. Also supported by TonX Studio.