A third party security audit on the token sale smart contract has been conducted.

The security audit revealed one potential security issue, which does not affect the token sale itself, but rather the future use of the token. The Flaw has been fixed during the audit review process.

Due to the simplicity of the token sale smart contract, the smart contract did not consist of zeppelin-solidity, a commonly used library, which was recommended for functionality. Audit suggested not to reinvent the wheel and use the aforementioned library instead. Additionally, the audit suggested to avoid human error by hard coding the parameters in to the smart contract. Without such hard coding, extra attention should be maintained during the deployment of the smart contract to the main-net.

Overall, the auditor stated:

"All these issues did not affect the security of the ICO contract directly” and “The ICO contract is safe for use in production”.

As the security audit has taken place and no security issues are holding the token sale, we are comfortable to proceed in deploying the contract to the Kovan test-net and later on Ethereum main-net. More details and instructions on how to participate on the pre-sale on 25 September are published during the ongoing week.

More details about the security audit:
https://github.com/ETHLend/ICO_SmartContract/blob/maste/ETHLend%20Token%20Sale%20Smart%20Contract%20Security%20Audit%20Report.pdf