[New Audit] EverValue Coin launches DualDefense Contest With Up to $37,000 on HackenProof

What is DualDefense

DualDefense is a service that combines traditional security audit services with HackenProof crowdsourced audits, powered by the community. After your main audit, HackenProof bug hunters additionally review your code. If critical bugs are found during the Crowdsourced Audit period, rewards are covered by the DualDefense Flash Pool community of stakers, preventing costs from being shifted to the project.

Auditors, the community of stakers, and bug hunters — all working together to protect your systems. By participating in DualDefense, EverValue Coin ensures maximum protection for its platform and engages the security research community to identify vulnerabilities before they can affect users.

Last Audit

Since DualDefense Audit always follows the traditional audit, the last EverValue Coin audit has already been done by Hacken.

EverValue Coin Enters the DualDefense Arena

EverValue Coin (EVA) is a deflationary and innovative token built on the Arbitrum One network. It is designed to continuously appreciate against Bitcoin (BTC) through a unique mechanism: the Burn Vault, a smart contract audited by Hacken that accumulates Bitcoin from its own mining operations and token sales.

Focus Area

This DualDefense is focused on Smart Contract. Here are the vulnerabilities in scope:

• Stealing or loss of end-user funds
• Permanent lock of end-user funds

To increase your chances of finding a critical bug, read EverValue Coin’s whitepaper here.

Bounty Breakdown

As part of the DualDefense program, EverValue Coin will reward security researchers for discovering critical vulnerabilities that could put the system or its users at risk.

• Critical bugs: up to $37,000 per valid submission.

Other findings may be acknowledged, but rewards are reserved exclusively for critical issues.

How to Participate

DualDefense starts on January 11, 2025 and will run until February 1, 2025. EverValue Coin is already looking forward to your findings, so you can join the program and submit your reports here.