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:
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:
• 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.