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How Launchpads and Defi Projects Can Use Solidproof’s Auto Audit Tool

Team Bitcoin Daily

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Solidproof is a network introduced to help in bolstering Defi trust. This platform launched in mid-2021 and has already been a major part of Defi audits.

Yet, Solidproof has been doing manual audits. Manual audits are auditing done with people, by bare hands. While manual audits are reliable, they are often too slow and sometimes inaccurate.

Solidproof began plans to launch an auto audit tool. So, what is an auto audit tool? How do they work? How will Launchpads use this platform? Keep reading for more.

The Auto-Audit Tool

The Solidproof auto audit tool is an algorithm feature created to ease Defi audits. Generally, the tool completes the audit services without requiring manual work.

Solidproof’s audit tool will be launching soon to improve the audit services in Defi. So, what are the benefits of the auto audit tool in Defi projects and launchpads? Here are a few pros;

  • Efficiency and effectiveness in audits. Generally, audits conducted only by hand can have massive human errors. Yet, since the auto tool is an algorithmic function, it does not contain human errors. Thus, Launchpads connected to this tool will have certainty in results.
  • Timely Audits. Every project using the auto audit feature will get timely audits. Generally, the autonomous tools take way less time to audit than the manual tools.

How Can Launchpad Networks Leverage This Tool?

Crypto launchpads and Defi projects have a huge chance of benefiting from the tool. But how? There are two major ways including;

Accepting Solidproof as Their Auditor

The primary most fundamental way is by accepting Solidproof as their auditor. Every launchpad has a list of Defi auditors whose audits they trust. All projects listed on the launchpad often get an audit from their trusted auditor. Hence, Launchpads should start accepting Solidproof as their trusted auditors. After obtaining Solidproof, they can propose the tool to upcoming Defi projects.

Projects Can Embed the Tool

Defi projects and launchpads can also embed the auto tool. Although this tool will be on Solidproof’s website, other projects can attach the tool. Embedding this tool means having a direct link.

A new project would have to visit Solidproof’s website to access the tool. For that to happen, the project must have heard about Solidproof from somewhere. Yet, once the launchpads attach the tool, a Defi project will just follow the link.

Due to the attached tool, Defi projects will have increased trust in the launchpad. The trust of presale participants will also increase. But, where can the projects put the auto tool link?

  • The first place is the lower end of the website home page. This lower end of the website’s homepage often contains tools used in the webpage. Website visitors will be able to see and use the auto tool.
  • Another place to add the link is on the IEO/IDO/ICO application forms. Most Defi launchpads have forms that developers must feel when applying for audits. Adding the tool/link in the form gives the developers an easier option.
  • Another place to link the auto tool is the page discussing audits. For instance, most launchpads websites have a section mentioning their accepted auditors. Adding the link in that section provides alternatives for audits.

How Will Upcoming Defi Projects Use the Auto Tool?

The auto audit tool is going to be the primary center of service provision in Solidproof. Yet, it begs the question of how upcoming Defi projects can use this service. The steps for anyone to use the auto audit tool are as follows;

  • Sending the smart contracts to the auto audit tool. Solidproof makes it easy for developers to leverage this platform. A user can send either a link or the entire smart contract file to the tool.
  • Immediately on receipt of the file, Solidproof’s auto tool audits the Defi contract. Since it’s an autonomous tool, it does not need manual support.
  • The tools look into the code for vulnerabilities. Its autonomous nature identifies all errors associated with smart contracts.
  • Finally, this project releases its first report, which comes in PDF format. Since the launchpad and project applied for the audit, they will receive a copy of the report.

As this auto tool launches, some may think that it replaces manual audits. Yet that is not at all the case with Solidproof.

After the auto audit, Solidproof will do manual checks if the project requests. Thus, this platform will strengthen the validity of its report by conducting two audits.

What the audit feature brings is the speed in auditing. Projects will not have to wait for weeks to get their audit report which could be negative. The tool works fast, releases the report, and developers can work on the changes.

Final Word

This guide has been looking into the process of auditing in Defi projects. Generally, it’s one of the most important steps before any project presale. Normally, many platforms have been providing solutions to effective Defi smart contract audits. Solidproof introduces its auto audit tool.

An auto audit feature is a smart tool for auditing smart contracts automatically. This tool does not need human support. Instead, it does the entire audit using algorithms. It introduces more accuracy and efficiency in auditing.

Solidproof makes it possible for projects to embed this tool in their sites. Attaching will simplify the works for Defi projects and launchpads.

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Press Release

Metarise: Unveiling the Future of Metaverse Interaction on M20Chain

Crypto Chain Wire

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Metarise is forging new paths in the metaverse landscape, building an immersive digital universe that blends high-quality, low-poly graphics with the robust capabilities of the M20 Chain blockchain, all powered by Unreal Engine. This innovative platform merges reality with virtual spaces to create an interactive environment where users can live, work, and play.

Vibrant Digital Ecosystems: Cityland and Funland 

At the heart of Metarise lies Cityland, the bustling urban core that serves as the central hub for commerce, art, and social interaction. With its vibrant streets lined with shops, showrooms, galleries, and more, Cityland is where creativity meets community. Not far from the urban excitement is Funland, a sanctuary of joy and entertainment, offering a retreat where users can engage in games, sports, and various leisure activities. Both these areas are anchored by the iconic Metarise Tower, a towering structure that stands as a testament to the possibilities of virtual architecture and the central node from which all activity in Metarise radiates.

The Role of Riser Token in Metarise 

The pulse of this digital universe is the Riser Token ($RIS), a metaverse utility token that facilitates not only commerce but also enables a variety of interactions and transactions within the Metarise ecosystem. From purchasing virtual land to trading goods and accessing exclusive services, the Riser Token is essential for navigating and leveraging the full potential of Metarise.

Empowering Users and Businesses 

Metarise is more than just a virtual space; it is a versatile platform designed to accommodate the diverse needs of individuals and businesses alike. Users can escape the monotony of traditional digital interactions and immerse themselves in a vibrant 3D environment that offers an enriched form of social connectivity. For businesses, Metarise provides a range of tools and spaces for virtual offices, allowing companies to maintain operations, host conferences, and interact with clients without geographical constraints.

Innovative Real Estate and Investment Opportunities 

One of the standout features of Metarise is its approach to virtual real estate. Through its Initial Land Offering (ILO), users have the opportunity to invest in virtual land, represented as unique NFTs on the M20 blockchain. This allows for the development of personalized real estate projects, from digital offices and private properties to commercial spaces, which can be further monetized through rentals or providing specialized services.

MetaRise is excited to announce the opening of our Initial Land Offering (ILO), a unique opportunity for early adopters to participate in the early stages of our expansive metaverse. This early phase of development offers potential for growth as the platform evolves, though it’s important to remember that all investments carry inherent risks and returns are not guaranteed. As you consider joining us in shaping the future of MetaRise, we encourage you to make informed decisions.

A Hub for Brands and Creators 

Metarise serves as a dynamic marketing tool for brands looking to enhance their identity and user engagement through immersive experiences. It’s a platform where brands can interact with their audience in meaningful ways, leveraging the unique capabilities of virtual reality, augmented reality, and AI to deliver memorable brand experiences.

Conclusion: The Future of Digital Connectivity 

Metarise envisions a world where digital and physical realities converge to create a seamless universe of endless possibilities. It’s not just about creating a space for users to interact; it’s about redefining the essence of community and connectivity. As Metarise continues to expand and evolve, it invites users from all corners of the globe to explore its myriad offerings, engage with its vibrant community, and contribute to the ever-growing expanse of this digital frontier.

Discover Metarise and step into a world where your digital life transcends boundaries, offering new ways to interact, explore, and impact the world around you. Join us on this journey to redefine the future of the metaverse.

Stay connected with us:

Metarise: https://metaarise.com/

Twitter: https://twitter.com/metariseworld

Instagram: https://www.instagram.com/metariseworld

M20 Chain Website: http://www.m20chain.com

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Press Release

Unizen Announces Deployment of Enhanced Ethereum Gas Optimization and ULDMv3, Transforming DeFi Trading

Crypto Chain Wire

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Unizen has successfully deployed two pivotal updates that are set to transform the decentralized finance (DeFi) industry: Enhanced Ethereum Gas Optimization and ULDMv3. These advancements redefine efficiency and cost-effectiveness, greatly enhancing the trading experience for DeFi users.

 Enhanced Ethereum Gas Optimization is Now Live 

This update significantly reduces Ethereum transaction costs by 40-50% for all users and by 60-70% for integrators. By streamlining transaction processes, this optimization not only makes decentralized trading more accessible but also significantly reduces overhead costs, allowing traders to operate more freely and cost-effectively.

 ULDMv3: A Revolutionary Upgrade in Liquidity Distribution 

ULDMv3, the third iteration of the Unizen Liquidity Distribution Mechanism, marks a monumental shift in the way trades are executed on the platform. This isn’t merely an incremental improvement; it’s a complete transformation designed to enhance the trading framework significantly. Unizen CTO, Martin Granström, describes ULDMv3 as a “revolution in liquidity sourcing that sets new industry benchmarks.”

 Key Enhancements in ULDMv3 Include: 

Key Enhancements in ULDMv3:

  • Faster Quote Speeds: With ULDMv3, Unizen has dramatically increased the speed at which quotes are retrieved and trades are executed. This enhancement ensures that users experience minimal latency, making real-time trading more efficient and responsive. The ability to quickly process quotes is crucial in the fast-paced world of DeFi, where market conditions can change in seconds. 
  • Reduced Gas Costs: ULDMv3 builds upon Unizen’s already competitive gas fee structure by optimizing the underlying algorithms to further reduce costs. This is achieved through smarter contract interactions and streamlined transactions that minimize the gas required for each trade. This reduction in gas costs makes trading more affordable and sustainable, especially beneficial during high network congestion periods. 
  • Cross-chain Trade Splitting: A standout feature of ULDMv3 is its ability to facilitate cross-chain trade splitting. This functionality enables the mechanism to split trades across different blockchains, maximizing token output on the receiving chain. This is done through seamless token swaps that leverage the unique strengths of multiple blockchains, thereby optimizing trade value and efficiency. 
  • Enhanced Token Routing: The routing mechanism in ULDMv3 has been upgraded to select the most optimal paths for token transfers automatically. This ensures that users receive the best possible rates and outputs by navigating through the complex landscape of liquidity pools and trading pairs. This smarter routing translates to better returns and reduced slippage for users. 
  • Machine Learning Integration: At the core of ULDMv3’s advanced capabilities is its integration of machine learning technologies. These systems continuously analyze market conditions and liquidity pool interactions to refine and optimize trading strategies. By learning from each transaction, ULDMv3 adapts and evolves, offering increasingly efficient trade executions.

The development of ULDMv3, which spanned nearly a year, reflects Unizen’s commitment to innovation and quality. This upgrade not only optimizes the technical mechanics of trading but also introduces adaptive, self-improving algorithms that dynamically adjust to real-time market conditions.

With these updates, Unizen solidifies its leadership in the DeFi space, empowering its community with the very best tools available. These enhancements promise to deliver unprecedented value to Unizen’s users and set new standards in decentralized trading efficiency.

Experience these upgrades via our web-based application at www.zcx.com, or our recently released mobile app available on the google play store here: https://play.google.com/store/apps/details?id=com.unizen_mobile_dapp

The ZCX Token:

$ZCX, as the core token of Unizen, significantly enhances the trading experience by maximizing profitability. It acts not only as a facilitator in this process but also offers users the chance to earn passive income through the platform’s Earn feature. This feature allows token holders to stake their $ZCX and receive rewards, adding an attractive layer of utility to the token. The integration of $ZCX into Unizen’s upcoming Layer 1 solution marks a significant leap forward. This integration is designed to elevate the functionality of $ZCX by embedding it deeper within the ecosystem, where it can play an even more central role in transaction processes and governance mechanisms.

Unizen’s strategic development of its own Layer 1 blockchain, which is currently in stealth mode, is a pivotal part of its expansion. This blockchain is tailored to support both programmable and non-programmable chains, thereby broadening its applicability and potential user base. The design aims to boost interoperability among different blockchain technologies within Unizen’s ecosystem, facilitating smoother and more efficient cross-chain transactions. This enhancement is crucial for driving wider adoption and easier access to web3 technologies, making them more user-friendly and integrated.

The introduction of Unizen’s Layer 1 blockchain is poised to redefine the way users interact with the platform, offering them more seamless, secure, and swift transactions. It promises to leverage the inherent strengths of $ZCX, ensuring that the token not only increases in utility but also in value, as it becomes an integral part of a larger, more interconnected ecosystem. This development aims to attract a diverse group of users, from seasoned traders to those new to the web3 space, enhancing their overall experience and engagement with decentralized finance.

About Unizen:

Unizen is an entirely new category of DEX Aggregator with comprehensive omni-chain access and UTXO support. We offer unparalleled returns on decentralized trades industry-wide. Even compared to leading DEX Aggregators like 1inch, Paraswap, and Matcha.

Our platform boasts a seamless experience with zero bridging, no sign-ups, no fees, and no KYC requirements, all while maintaining complete decentralization. We’ve created an entirely new class of DEX Aggregator, distinguished by an industry-leading Unizen Liquidity Distribution Mechanism (ULDM), Unizen Interoperability Protocol (UIP), and comprehensive omni-chain access, and UTXO support (starting with native Bitcoin). 

Our industry-leading innovations give us the ability to provide the highest returns on decentralized trades in the world: access to more than 20,000+ assets across 9 chains and over 170 decentralized exchanges.

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Press Release

Blockchain Life 2024 Thunderstruck in Dubai

Crypto Chain Wire

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The 12th edition of the Blockchain Life Forum, known as the leading gathering for global cryptocurrency leaders, concluded with an impressive turnout of 10,162 attendees despite the unprecedented storm that happened in Dubai.

Representatives of the crypto industry have always stood apart, largely due to their unique character and the nature of their activities. After all, they are pioneers. And the most massive flood in Dubai in the last century did not prevent 10,162 people from meeting at the long-awaited Blockchain Life 2024, even despite the postponement of the second day of the forum. Needless to say, the atmosphere on the site was indescribable – a very special unity saturated the air.

Throughout the event, the crypto community engaged in insightful discussions, made valuable connections, and struck important deals. Forum stages featured over 160 renowned speakers and industry leaders, including heads and management of Binance, Chainlink, Tron, Bybit, OKX, DFINITY, Ledger, Animoca Brands, Ton, Cardano, Singularity Net, LayerZero, Tether, Ripple, Trust Wallet and more.

The exhibition of crypto companies featured 133 booths, which makes it the largest web3 expo in 2024. Such giants as OKX, HTX, Bybit, Bitget, BingX, Listing.Help, and Uminers presented their services, products and teams. This offered attendees a firsthand look at the latest technologies and innovations shaping the ecosystem.

“This year, we reached a milestone with 10,162 attendees. They know that the current market growth is just the beginning of a real explosion. The next wave is coming, which is why top projects, insiders, and funds gathered at Blockchain Life to finalize their preparations. Now, we are gearing up for a historic bull run that will be remembered for years.” commented the organizer of Blockchain Life, Sergei Khitrov.

As a grand conclusion to the forum, participants were treated to the celebrated Legendary AfterParty at one of the world’s premier clubs. Hours of informal networking with the cream of the industry took place in an all-inclusive format. The highlight of the event was an incredible live concert by the internationally acclaimed hitmaker, Alan Walker. With his chart-topping songs, Alan Walker captivated over 1,400 participants, showcasing the event’s impressive global reach.

Looking ahead, the 13th edition of Blockchain Life is scheduled to be held on October 22-23, 2024, providing participants with an opportunity to highlight their accomplishments and set the groundwork for future success. 

Presale tickets and sponsorship applications for the upcoming Blockchain Life event are currently available – please visit https://blockchain-life.com for more information.

The organizers of Blockchain Life 2024 – Listing.Help and Jets.Capital.

General Sponsor of Blockchain Life 2024 and the Official AfterParty – Uminers.

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