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

Team Bitcoin Daily

Published

3 years ago

on

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

Memecoin Madness: Eddie Seal Team Insults Investors and Returns Money from Presale

Crypto Chain Wire

Published

1 day ago

on

May 17, 2024

By

Two weeks ago, the Eddie Seal memecoin project ($EDSE) began raising funds for development through a presale event. On Wednesday, a controversial post appeared on the project’s Twitter, where the team labeled the presale investors as ‘morons’.

“You morons. You invest in a presale of a new memecoin and then cry when someone runs off with the money. Get a grip and be careful because 99% of presales are scams. We have returned all the payments to the wallets from which they were sent. Eddie will proceed without a presale!” reads the tweet from Eddie Seal profile.

This incident is quite unusual, given market norms. Memecoins are not financial instruments, hence funds raised through presales are not regulated in any way. It is unprecedented for a project team to refund all investments made by individuals.

The refund might have been an attempt by the Eddie Seal team to build credibility within the crypto community, especially as Eddie Seal has announced six marketing rounds aimed at reaching a $1 billion marketcap. The campaign will culminate in an Eddie Seal cartoon, in the style of Rick and Morty or Family Guy. The six marketing rounds include sponsoring a Formula 1 team, a Harry Styles (or another top tier star) concert at Wembley with tickets for $1EDSE, a ‘spending money competition’ with 10,000 credit cards linked to one account, and a $3 million donation to MrBeast for spending in one of his videos.

It was also announced that the team plans to distribute part of the $EDSE tokens to the community gathered around the project in the form of an AirDrop. Sign-ups are expected to start soon.

The price of the $EDSE token in the coming days will reveal how the market has reacted. The token contract address for price tracking is available at eddieseal.org or listed here: 2Zvo6bnwJtyXhsPgbcfajTrEtB7NwrJhK8mMmtEXvHHc

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Press Release

WEMADE and WEMIX Win “Best Web3 Gaming” at MENA Games Industry Awards 2024

Crypto Chain Wire

Published

1 week ago

on

May 8, 2024

By

WEMADE and WEMIX were honored with the prestigious “BEST WEB3 GAMING ” award at the MENA Games Industry Awards 2024. The awards celebrate the best of the region’s thriving gaming sector, and as the sole web3-focused award, the “BEST WEB3 GAMING” category spotlights companies championing the integration of web3 technologies into gaming.

“We are honored to receive this prestigious award. It validates Wemade’s commitment to fostering growth and collaboration within the global web3 gaming landscape,” Wemade said in a statement. “This award motivates us to continue empowering developers and driving innovation in game design & development.

Wemade would like to congratulate all of the finalists and winners at this year’s MENA Games Industry Awards. Their dedication and passion for innovation are shaping the future of gaming.

About Wemade

Wemade is at the forefront of the next wave of Web3 game developers that are innovating with blockchain technology. Based on the WEMIX3.0 mainnet, the WEMIX PLAY blockchain game platform is the world’s biggest with millions of users and a wide range of game genres from card, puzzle, simulation and strategy games; to first-person shooters, battle royale, MOBA, MMORPG, SNG, sports games and more. Visit www.wemix.com/communication for more information. 

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Press Release

Metarise: Unveiling the Future of Metaverse Interaction on M20Chain

Crypto Chain Wire

Published

2 weeks ago

on

May 3, 2024

By

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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