Walletreum Bug bounty and Platform launch

Walletreum
3 min readSep 26, 2020

Dear Community,

On Wednesday, 30th September, Walletreum will open up registrations for the limited early-access to the Walletreum platform. Early testers and holders will have an opportunity to explore the various systems with test tokens, including Lending, SAFE Credit, and Zero Swap.

We will then open up a limited amount of deposits and withdrawals in the second phase to ensure that the funds and the system is efficient in tune with expectations. After reported bugs are fixed, the third version of the platform will be released, including improved performance and free of errors.

We will also be holding a bug-bounty event, where anyone who reports bugs in our system will get rewards and bounties.

If you are interested in early access and want to help us with more technical support, you are welcome to register early and take part in the bug-bounty campaign. The prize pool for the bounty will be announced within two days, along with complete details.

Platform Launch Phases

The launch of the Walt platform will be done in 3 separate phases.

Phase 1, part 1: Test token will be transferred to the registered platform participants

Phase 1, part2: Phase 1 will last 5–7 days, with reported bugs being fixed for the next phase.

Phase 2, part 1: Deposits and withdrawals will be open for all registered users. The registered user can take the benefits of Lending and borrowing of small amounts (10–100$) initially.

Phase 2, part 2, Phase 2 will end within 7–15 days, with reported bugs being fixed for the next phase.

Phase 3: Extended version with high deposits and withdrawals, and Zero Swap launch.

BUG BOUNTY

It is of the utmost importance for us to ensure security. The responsible notification of vulnerabilities found in Walletreum would be appreciated and rewarded by us.

General Provisions:

Only those security researchers who reliably follow the disclosure requirements will benefit from the Walletreum bug bounty program. The data about the vulnerability should also not be shared with the public. Please note that it will take us a few days to review and react after receipt of your report.

Rewards:

There are different types of rewards given depending on the technical severity of the bug reported during the beta testing phase.

Major Critical:

Rewards for this, we suggest doing $100 — $500 in WALT tokens.

Looking for critical errors, such as:

  • Bugs in system architecture,
  • Vulnerabilities in the back door (e.g., the possibility of DDOS)
  • Server backdoor vulnerabilities
  • Errors in the code
  • Wallets issues
  • Possibilities of any manipulation in the system or the features like LENDING, SAFE CREDIT, AND ZERO SWAP

In general, the highest severity is considered for any bug that has the potential to threaten a data breach or financial loss. In some situations, at our own discretion, we also entertain defense-in-depth reports or other best practices for the incentive.

Moderate:

Rewards for this, we suggest doing $50 — $100 in WALT tokens.

  • Looking for significant errors, such as:
  • Lending, safe credit overloading issue
  • Lending, safe credit calculation errors
  • Zero swap overloading issue while quick swapping
  • Orders calculation errors
  • Errors in profit calculation of Lending
  • Errors in safe credit repayments calculation etc

Low:

Rewards for this, we suggest doing $5 — $50 in WALT tokens

  • Looking for minor errors, such as:
  • Sign up and sign in problems
  • UI errors and bugs
  • 2FA captcha error

Within 1–2 weeks of obtaining the bug report, Walletreum will issue incentives. To receive rewards, please include your ERC-20 address.

NOTE:

  • We will add the bug bounty submission form before the bounty campaign starts.
  • We will credit the test tokens into each generated wallet within 24 hours. We will credit the tokens in 2 batches within 12 hours of difference; if someone account is not credited within 12 hours, users can contact any of the walletreum admins for the test tokens.

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