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How Audit and KYC Projects Build Trust in DeFi Industry

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The Decentralized Finance world is one of the most outstanding financial revolutions of the 21st century. Generally, with DeFi, everyone globally can take charge of their finances and investments while benefiting from other services like lending, gaming, etc. 

However, the trust in DeFi is still lagging; thus, the adoption is also lagging. The primary reason for the lagging confidence in DeFi has always been about its bad. Generally, as a product of the crypto world, DeFi is always blamed for the issues associated with cryptocurrency. Since some KOLs still view crypto as a scam, DeFi suffers the same fate. 

Fortunately, there are ways to help bolster the trust in DeFi, including audits and KYC procedures. 

How Audit and KYC strengthen DeFi Projects

How do KYC and Audit projects strengthen confidence in the DeFi world? Here is a short guide. 

  • Audit Proves That a DeFi Project is Genuine

One of the significant ways that KYC and Audits bolster trust in DeFi is by proving that a project is genuine. Scams connected to the crypto world have been soaring, with investors losing fortunes to fake schemes. However, how do these scams happen?

Some developers may introduce a project with the primary intention of stealing from unknowing investors. Generally, these kinds of projects promise to offer high yields and could easily attract investors. Due to such scams, some investors could easily lose trust in DeFi. 

However, by using the KYC and Audit procedures, investors will now start trusting DeFi-related projects. The auditor can know if a particular project is genuine or not. In some cases, the auditor may do deep research, including looking at the following; 

  • Project webpage
  • Coin Minting mechanism
  • Team behind project
  • Economic model

By doing thorough analytics of the above mentioned, the auditor can assure investors that the new DeFi project is genuine. 

  • Real Tests

Another reason why audit and KYC platforms contribute to bolstering trust in DeFi is the real tests done. Smart contracts involve codes that are very complex for a person with no coding knowledge to understand. Therefore, it may be impossible for any investor to do an audit of a project before investing. 

However, smart contract audits have for some time now been an industry standard. The smart contract system auditors include a group of people with coding experience. The auditors apply autonomous tests on the system to see how it reacts to different scenarios of transactions. 

Furthermore, the auditors include manual tests to see if the results are consistent with the autonomous ones. The applications of real tests make their reports more valid and dependable to the DeFi investors, thus increasing trust in the DeFi industry. 

  • Audit Projects Give Recommendations

Another thing that audit and KYC projects do to help in building trust for the DeFi world is offering recommendations. Developers of the projects are the primary beneficiaries of the recommendations given by the auditors. The auditors can tell the developers how to change some code for more efficiency. Since the audits are often done before the project launches to the public, the developers can take their time and make the necessary changes to achieve efficiency. 

Investors, on the other hand, can benefit vastly from the project. The recommendations given by the audit companies may include what an average investor should do. On some occasions, they may state the risk level involved in investing in the projects. As such, the average investor will benefit. 

  • KYC Details Boost Consumer Trust

The fact that KYC collects details is another aspect that makes investors have deep confidence in the DeFi space. An average investor often wants to know that their investment will remain safe from hackers.

As mentioned earlier, KYC helps eliminate fraudulent people who are planning to commit manipulations or financial fraud. As such, it’s safe to say that KYC procedures can help boost investors’ confidence.

  • SolidProof Helps Bolster Investor Trust

Solidproof’s primary intention was to help in auditing and providing KYC services for DeFi projects. It aimed to participate in bolstering the trust of investors in DeFi, thus speeding up DeFi adoption. 

Solidproof KYC standards target to protect the DeFi platforms from corruption, fraud, money laundering, and financing of terrorism. It does KYC by; 

  • Identifying project customers.
  • Understanding their nature of activities.
  • Assessing money laundering risks and offering their recommendations to the platform developers.

Auditing by the Solidproof network also takes a few straightforward steps to ensure that services are provided efficiently. The steps include:

  • Communication– The first step to getting an audit is communicating with the Solidproof network and submitting the code.
  • Auditing– The second step is Solidproof working on your project’s audit, searching for any vulnerabilities manually and algorithmically.
  • Fixes- Here, Soldiproof suggests recommendations to the developing team, which they will work on. Afterward, the Solidproof network takes a second audit. 
  • Reports- Finally, SolidProof releases its audit report. 

Final Word

It’s true that with the increasing cases of scams, DeFi institutions are vulnerable to related financial frauds. Frauds contribute vastly to slacking investor trust in the Decentralized finance space. 

Audits help assure investors that the underlying project is genuine and the people behind it are not malicious. Moreover, auditors do real tests and give recommendations to the developers and, in some instances, the investors. KYC details collected and analysis done helps in protecting the projects.

Any platform offering DeFi services can try to use Solidproof’s auditing and KYC services to bolster efficiency. 

The Bitcoin Daily is one of the most reliable and leading portal about Technology News, Latest Updates, Financial News, Business and any all subjects related to technology and blockchain.

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Camp Network, the Autonomous IP Layer 1 Blockchain, Launches its K2 Public Testnet

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Following a Successful $30M Fundraise, Camp Launches K2 Public Testnet and Summit Series Campaign

Camp Network today announced the launch of its K2 public testnet for its Autonomous IP Layer 1 blockchain, alongside the Summit Series ecosystem campaign where users can traverse through live applications on Camp.

Summit Series offers users the unique chance to explore and engage with Camp’s growing ecosystem by completing onchain quests through a customized campsite frontend experience. The first set of decentralized apps are live for its Phase 1 launch, with dozens more rolling out in the coming months leading up to Camp’s anticipated mainnet release later this year. Camp’s ecosystem partners collectively reach over 5 million users and creative works, offering contributors a pathway to shape the future of onchain IP.

“We invite the community to join us as we hike toward the mainnet summit,” said James Chi, Co-Founder of Camp Network. “This is a chance to help shape the future of AI-native creativity and onchain IP provenance via live applications on Camp.”

The public testnet follows Camp’s recent $30M in total fundraising, including a Series A round co-led by 1kx and Blockchain Capital. Powered by its Proof of Provenance protocol, Camp enables users to register and tokenize their intellectual property onchain, train and deploy AI agents, and earn transparent, enforceable royalties from downstream usage. Camp’s architecture supports gasless IP registration, automated licensing and isolated execution environments optimized for agent-based workflows. It’s built to serve a new class of developers, creators and AI-native applications.

“The Summit Series kicks off a pivotal first step for our ecosystem partners. Each team has invested an incredible amount of work, and I’m excited for them to showcase what they’ve built to our community and beyond,” said Drew Rasansky, Head of Ecosystem at Camp Network

Camp Network is more than a blockchain — it’s a foundation for a more equitable internet, where creative work is protected, attributed and monetized transparently. Across any form of IP including art, music, film, data and videos, Camp enables collaboration between human creativity and intelligent systems, all backed by verifiable provenance.

To learn more about Camp Network, visit campnetwork.xyz. To join the Summit Series, visit testnet.campnetwork.xyz 

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Limoverse Skyrockets 68% After Revealing MAIA, the AI Agent Redefining Wellness Tech

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Limoverse, the leading Web3-powered health and wellness ecosystem, is riding a strong wave of momentum. With a 47% price increase in just seven days and nearly 70% growth over the past month, the $LIMO token is making its mark — fueled by strategic product rollouts, rising adoption, and the global launch of MAIA, the AI health agent that’s already shifting how people engage with their wellness.

Precision Wellness Goes Mainstream: MAIA’s Public Debut

At the center of this surge is MAIA — Limoverse’s AI-powered health agent designed to interpret blood and genetic data into personalized, actionable insights. After a month in early access, MAIA launched for public on April 30, allowing anyone to experience its advanced capabilities for the first time. For users, it brings health optimization down to earth — translating complex bio-reports into simple, human conversations.

“MAIA makes precision wellness as simple as chatting with a friend — and it’s already transforming user engagement,” said Dr. Sajeev Nair, Founder of Limoverse.

Token Utility Strengthens as Ecosystem Expands

With MAIA now available and the Limoverse SuperApp ecosystem gaining traction, the $LIMO token is evolving into a true utility asset. It unlocks premium features, advanced biomarker tracking, and a growing suite of AI-driven tools within the Limoverse platform. The user journey is no longer passive — it’s interactive, rewarding, and driven by meaningful, daily health inputs.

“Our community doesn’t just trade the token — they run, lift, meditate, and share biomarkers every day. That real-world utility is finally being priced in,” said Mohit Ahuja, Chief Strategy Officer.

Three‑Month Scorecard: February to April 2025

Limoverse’s growth over the past quarter highlights the power of consistent execution and strategic focus. Below are some of the key milestones achieved between February and April 2025:

  • 200k+ SuperApp downloads — Fastest quarter-to-quarter growth to date
  • 86M $LIMO burned — Sustained deflation via Move-to-Earn
  • 7 new CEX listings — Global liquidity expansion
  • Global Community Meet (Apr 29) — MAIA demo + roadmap unveiled
  • Crypto Debit Card beta announced — Health-driven crypto spending now a reality

Community-Driven Growth and Consistent Execution

Beyond tech, what sets Limoverse apart is the consistency in communication and commitment to its user base. Regular product updates, live events, and transparent dialogue have built trust across global users. As the platform evolves, the people who fuel it remain front and center — actively contributing to both product feedback and ecosystem growth.

Roadmap: What’s Next

With the recent wins laying a solid foundation, Limoverse is gearing up for its next chapter of growth:

  • iOS SuperApp Launch (Q2) — Includes face-scan vitals, AI fitness coach, and in-app $LIMO top-ups
  • Regional Expansion — Targeting 25k paid subscribers across North America, Southeast Asia, and Africa
  • Token Utility Expansion — Introducing subscription bundles, debit card rewards, and partner integrations
  • MAIA v2 Rollout — Enhanced wearable sync, multilingual voice support, and longevity-focused intelligence

A Future That’s Already in Motion

The surge in $LIMO isn’t just market noise — it reflects a project hitting its stride. With AI-driven health tools, real-world token utility, and a community-first approach, Limoverse is delivering on the promise of personalized, decentralized wellness. The past month was just the beginning. The next phase is about scaling that vision to every corner of the globe.

Official Website: https://limoverse.io

X: https://x.com/limoverseglobal

Telegram: https://t.me/limoverse

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PeerGame Launches Seamless Wallet Integration with HandCash

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Leading cryptocurrency gaming company PeerGame has announced its exclusive integration with HandCash, which enables players to connect their crypto wallets and begin playing quickly and easily. 

HandCash is a digital wallet designed for seamless management of Bitcoin Satoshi Vision (BSV) and other digital assets. It allows users to make quick, secure transactions, store tokens, and interact with decentralised applications, all through a user-friendly interface. The integration with the PeerGame platform means no lengthy sign-up process is needed, and players can immediately enjoy PeerGame’s wide range of games. By streamlining the process, the platform ensures a frictionless entry into the gaming world.

This innovative partnership emphasises PeerGame’s commitment to offering a smooth, user-centric experience that puts control in the hands of the player. This is an example of one of the easiest and fastest ways to start playing, enhancing both convenience and speed for all players. BSV Blockchain’s fast transactions and low fees play a key role in this, providing instant deposits and withdrawals that further improve the overall experience. Transactions are seamless, ensuring that players retain full control of their funds at all times while offering greater security and transparency.

Margie Dobrowolski, Project Lead at PeerGame, commented: 

“This is an exciting new prospect for our clients as they will be able to instantly connect their wallets and begin playing, bypassing the traditional and lengthy account registration process. The unique wallet connection and integration with HandCash is exclusive to PeerGame, making it a standout feature within the iGaming industry. While other services may utilise the same connection, none integrate it within the gaming sector in the same way.”

For more information about PeerGame visit https://peergame.com/

About PeerGame

PeerGame is a leading technology company that aims to revolutionise Casino 2.0, leveraging the power of Bitcoin SV to build a frictionless, fast and easy-to-use gaming platform. 

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