Our analysts, at the request of a potential private investor who wants to invest in the xchng.io project (Kochava), have ordered an audit. The audit revealed numerous problems and technical errors, suspicions of technical fraud, poor quality of ICO preparation and project readiness. All statements in the White paper, mostly unfounded, without detail, contain the abstract reasoning “How everything should work”. The audit mainly analyzed White paper. A careful analysis of the smart contract was not possible due to its terribly low quality (nothing to analyze). In case of loss / change of the White paper from the XCHNG website, a copy is made: goo.gl/bErzza
While reading this document: we offer the reader to open the White paper of the project in parallel in the browser – the document constantly refers to the specific pages of the White paper in order to avoid extreme copying of the text. The website xchng.io and the methods of organizing ICO were also partially analyzed. The audit was conducted from 10 to 19 November 2018. The author of the document, the auditor: Dmitry Borodin.