Compensation
The compensation for auditors is based on the received payment by a project which ultimately depends on the codebase's size, complexity, and programming language. On average, three auditors participate in an audit (+1 smart contract triager being paid by the AuditOne treasury). For example, we assume a project is quoted 12,000€ for 2,500 nSLOC.
9,000€ (75%) of the payment is allocated to the auditors. 3,000€ (25%) is allocated to the treasury of AuditOne (used for operations, development, marketing, and sales). 4,500€ (50%) of the payment (37.5% of the total) is the base salary for the auditors. 4,500€ (50%) will be used as bounty distributed as follows:
| Category | Amount | % |
|---|---|---|
High issues | 2,475€ | 0.55 |
Medium issues | 1,350€ | 0.3 |
Low issues / QA | 675€ | 0.15 |
The bounties will be awarded and split between all the auditors that find high/medium/low issues. If we assume that the following issues were identified and validated: 1 H, 3 M, and 8 L. The auditor who found 1 H, 1 M, and 1 L would receive the following:
| Type | Amount |
|---|---|
Base payment | 1,500€ |
High issue bounty | 2,475€ |
Medium issue bounty | 450€ |
Low issue bounty | 84.4€ |
Total payment | 4,509.4€ |
Key takeaways:
• The Auditors gain most of the revenue as opposed to working for an audit firm.
• More auditors look through the code compared to traditional audit firms.
• The project pays less for an audit if fewer or no issues are found.
• The Auditors are rewarded for finding issues while receiving a base income.
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