How Secure Is Hummingbird Finance?

Aniel Essien
3 min readJun 5, 2021
Aniel Essien

So many Persons Have quizzed about How secure the Hummingbird Finance smart contract is?

Therefore, posing a direct question about Auditing.

A harmless and simple question, yet very necessary as such details aid investors know how to make certain advances on Crypto Projects.

Hummingbird Finance $HMNG has been audited and by TechRate. So it can be said that the project is secure and safe for investors to come in.

TechRate carried out a complete Smart contract Audit on Hummingbird Finance smart contract.

TechRate is a team of engineers and analysts specialized in blockchain technology and business analytics with wide experience in the crypto market. Our core team is famous for its market reports made during the 2017–2018 bullish market and technical evaluation of the projects.

TechRate started as an Audit & Development firm for smart contracts at the beginning of the ICO rush and expanded our expertise to market researches and exchange analytics, security, and technical valuation of the projects.

Hummingbird Finance selected TechRate for its Auditing for the following obvious reasons;

(i) Secure & Safe

TechRate deeply analyses the smart contracts under the doing the line by line 2-stage audit and cover the smart contracts with tests when developing for our clients

(ii) Fast

Audit reports with recommendations on how to fix the bugs and mitigate the risks delivered in approximately 10 hours to 5 days

(iii) Affordable

Techrate provides an express audit for FREE analyzing the code for several bugs.

Since a full line by line manual audit is a paid service, TechRate fully utilizes its developers and can keep low prices for audits

For clarity, let’s define what smart contract/audit is

A smart contract is a computer program or a transaction protocol that is intended to automatically execute, control, or document legally relevant events and actions according to the terms of a contract or an agreement.

In Blockchain Technology, a smart contract is a self-executing, self-enforcing protocol that is governed by its explicit terms and conditions, which stores and carries out contractual clauses via blockchain.

What is a Smart Contract Audit?

This audit is performed by a team of certified smart contract developers who scrutinize the code that is used to underwrite the terms of the smart contract. During this audit, the developers can also identify any potential bugs or vulnerabilities before the smart contract is opened to the public.

Automatic Code Analysis- This test helps to save developers a massive amount of time when checking the code. It also allows for sophisticated penetration testing which helps to find vulnerabilities and errors.

Manual Code Review — In this test developers need to examine each line of code to scrutinize it for complication and re-entrance mistakes as well as security issues.

Why is Smart Contract Audit Important?

Enhance smart contract performance

Code optimization

Safeguard against hack attacks

Secure wallets

HUMMINGBIRD FINANCE AUDIT DETAILS

Total LP tokens: 14270.65428419304

Locked LP tokens: 12690.983055949397

Unlock Date: 11th July 2021

Unlock Time: 23:23

Hummingbird Finance also passed in all TechRate tests including;

malicious event log

compiler warnings

oracle calls

Timestamp dependence

Economy Model etc.

Having satisfied all TechRate’s standards..it can be said that Hummingbird Finance is very safe.

See infographics below to learn how to buy $HMNG

Aniel Essien

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Aniel Essien

A realist | a Blockchain Enthusiast | iWriteCoolShit