Local Traders
Local Traders is a network that facilitates P2P exchange between buyers and sellers of cryptocurrency and other people interested in the market's many possibilities. Using their native token, LCT, customers may make cheaper purchases, engage in trade, receive Legal/tax assistance, and stake for future gains.
PoC required
Rewards by Threat Level
Rewards are distributed according to the impact the vulnerability could otherwise cause based on the Impacts in Scope table further below.
Reward Calculation for Critical Level Reports
For critical web/apps bug reports will be rewarded with USD $10,000, only if the impact leads to:
- A loss of funds involving an attack that does not require any user action
- Private key or private key generation leakage leading to unauthorized access to user funds
All other impacts that would be classified as Critical would be rewarded a flat amount of USD 5 000. The rest of the severity levels are paid out according to the Impact in Scope table.
Proof of Concept (PoC) Requirements
A PoC is required for the following severity levels:
- Web-App - Critical - PoC Required
- Web-App - High - PoC Required
- Web-App - Medium - PoC Required
- Web-App - Low - PoC Required
All PoCs submitted must comply with the Immunefi-wide PoC Guidelines and Rules. Bug report submissions without a PoC, when a PoC is required, will not be provided with a reward.
Reward Payment Terms
Payouts are handled by the Local Traders team directly and are denominated in USD. The payment scheme involves two forms of currency: Tether (USDT) and LCT Token (LCT). 80% of the total payout is made in Tether, while the remaining 20% is made in LCT Token.
The calculation of the net amount rewarded is based on the average price between CoinMarketCap.com and CoinGecko.com at the time the bug report was submitted. No adjustments are made based on liquidity availability. For the avoidance of doubt, if the reward amount is USD 5 000 and the average price is USD 1.75 per token, then the reward will be 2857.142857 units of that token.
Payouts will be paid in up to 10 working days after the validation has been completed.
Program Overview
Local Traders is a network that facilitates P2P exchange between buyers and sellers of cryptocurrency and other people interested in the market's many possibilities. Using their native token, LCT, customers may make cheaper purchases, engage in trade, receive Legal/tax assistance, and stake for future gains.
For more information about Local Traders, please visit https://www.localtraders.finance/bug-bounty
Local Traders provide rewards combining Tether (USDT) in 80% of the payout and LCT Token (LCT) in 20% of the payout. For more details about the payment process, please view the Rewards by Threat Level section further below.
Responsible Publication
Local Traders adhere to category 3. This Policy determines what information whitehats are allowed to make public from their submitted bug reports. For more information about the category selected, please refer to our Responsible Publication page.
Primacy of Impact vs Primacy of Rules
Local Traders adheres to the Primacy of Rules, which means that the whole bug bounty program is run strictly under the terms stated in this page.
Known Issue Assurance
Local Traders commit to providing Known Issue Assurance to bug submissions through their program. This means that Local Traders will either disclose known issues publicly or at the very least privately via a self-reported bug submission in order to allow for a more objective and streamlined mediation process to prove that an issue is known. Otherwise, assuming the bug report itself is valid, it would result in the bug report being considered in-scope and due 100% of the reward with respect to the bug bounty program terms.
Previous Audits
Local Traders’ completed audit reports can be found at https://github.com/localtradersteam/Certik-Audit-report. Any unfixed vulnerabilities mentioned in these reports are not eligible for a reward.
Feasibility Limitations
The project may receive reports that are valid (the bug and attack vector are real) and cite assets and impacts that are in scope, but there may be obstacles or barriers to executing the attack in the real world. In other words, there is a question about how feasible the attack really is. Conversely, there may also be mitigation measures that projects can take to prevent the impact of the bug, which are not feasible or would require unconventional action and hence, should not be used as reasons for downgrading a bug's severity.
Therefore, Immunefi has developed a set of feasibility limitation standards which by default states what security researchers, as well as projects, can or cannot cite when reviewing a bug report.
Immunefi Standard Badge
Local Traders has satisfied the requirements for the Immunefi Standard Badge, which is given to projects that adhere to our best practices.
KYC not required
No KYC information is required for payout processing.
Prohibited Activities
- Any testing on mainnet or public testnet deployed code; all testing should be done on local-forks of either public testnet or mainnet
- Any testing with pricing oracles or third-party smart contracts
- Attempting phishing or other social engineering attacks against our employees and/or customers
- Any testing with third-party systems and applications (e.g. browser extensions) as well as websites (e.g. SSO providers, advertising networks)
- Any denial of service attacks that are executed against project assets
- Automated testing of services that generates significant amounts of traffic
- Public disclosure of an unpatched vulnerability in an embargoed bounty
- Any other actions prohibited by the Immunefi Rules
Feasibility Limitations
The project may be receiving reports that are valid (the bug and attack vector are real) and cite assets and impacts that are in scope, but there may be obstacles or barriers to executing the attack in the real world. In other words, there is a question about how feasible the attack really is. Conversely, there may also be mitigation measures that projects can take to prevent the impact of the bug, which are not feasible or would require unconventional action and hence, should not be used as reasons for downgrading a bug's severity. Therefore, Immunefi has developed a set of feasibility limitation standards which by default states what security researchers, as well as projects, can or cannot cite when reviewing a bug report.