ICO / Token Security
Implementation and Security of the SPL Token Program
Introduction
The NAEST token of the NAEST project is implemented on the Solana blockchain using the standard SPL Token Program. This document details the technical and security aspects of this implementation.
SPL Token Program Overview
The SPL Token Program is Solana's official standard for token creation and management. It is an open-source program maintained directly by the Solana Labs team, ensuring:
A robust and proven architecture
Regular security updates
Maximum compatibility with the Solana ecosystem
Technical Characteristics
Program ID: TokenkegQfeZyiNwAJbNbGKPFXCWuBvf9Ss623VQ5DA
Current version: Integrated into the Solana runtime
Maintenance: Provided by Solana Labs
Audits: Continuous verification by the Solana community
NAEST Token Security
The NAEST token exclusively uses the standard functionalities of the SPL Token Program, without modification or custom code, which implies:
No specific vulnerabilities introduced
Automatic benefit from Solana's security updates
Compliance with ecosystem best practices
Security Guarantees
Automatic updates via Solana runtime
Continuous audit by the Solana community
Extensive testing on mainnet
Proven reliability through massive usage
Vesting Management
For vesting management, the project uses Streamflow:
Standardized and secure interface: Streamflow offers a user-friendly and highly configurable platform for creating and managing token vesting contracts, ensuring transparent and efficient distribution.
Audited smart contracts: Security is a priority for Streamflow. The protocol has been rigorously tested in production for nearly three years without incident and has undergone thorough audits by recognized companies such as FYEO, OPCODES, OtterSec, and MoveBit.
Native integration with the SPL Token Program: Streamflow is natively integrated with Solana's SPL Token Program, facilitating the creation and management of vesting contracts for SPL tokens.
Conclusion
The use of the standard SPL Token Program for the NAEST token ensures:
Maximum security
Continuous maintenance
Ecosystem compatibility
Absence of risks related to custom code
The combination of the SPL Token Program and Streamflow for vesting represents the most secure and proven solution in the Solana ecosystem.
References
NAEST's ICO is conducted in compliance with the European MiCA (1) regulation. The whitepaper has been filed with the AMF (2) in accordance with the requirements of the current regulatory framework."
(1) MiCA (Markets in Crypto-Assets Regulation) is the EU's harmonized framework for crypto-assets, fully applicable since December 2024. (2) The AMF (Autorité des Marchés Financiers) is France's financial regulator, which enforces MiCA requirements for whitepaper disclosures and authorization processes.
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