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Why DeFi Projects Should Choose Solidproof’s Auditing Services

Team Bitcoin Daily

Published

2 years ago

on

Defi smart contract auditing is a system that was introduced in crypto to help ensure the safety of the Defi space. Ethical hackers, or people with top developing experience, audit the contracts to ensure they are safe for the average investor. One such auditing platform is Solidproof. 

Solidproof is a Defi and smart contract auditing network introduced in mid-2021. This german-based platform aims to provide smart auditing services and bolster trust in the Defi space. 

When Solidproof launched, several other platforms were providing similar auditing services. Some of them have been in the industry longer and have done much more audits. So, what should make developers choose Solidproof over the other competitors?  Here are a few reasons. 

The Solidproof AutoTool Bolsters Efficiency

One of the significant reasons why Defi projects should use Solidproof is the auto tool. Yet to launch in full, this tool will help in streamlining the auditing activities. Standard auditing platforms use manual systems to scan for bugs and vulnerabilities.

Manual audits can help protect the security of the Defi contract and investors. But, they face one problem, lack of accuracy due to human errors.  Solidproof aims to change the course of Defi auditing completely. How? By using the auto tool.

The auto audit tool helps to automate the entire process of smart auditing contracts. It has pre-installed parameters that look into any errors connected to smart contracts. The idea is to enhance the speed of the audit process. More so, the auto tool will help provide more accurate audits. Every Defi project using Solidproof will enjoy fast, accurate, and efficient audits.

Accordingly, the auto tool will provide convenience for developers. Standard Defi auditing often involves very long processes. By using the auto tool, everything is easy for the average developer. The developer can send their smart contract files directly to the auto tool. After sending, the auto tool works on the rest and releases the report.

The Auditors Provides Fixes

A good auditor does not only identify bugs and errors; they give recommendations. That is one of the main tasks of Solidpoof auditors. In their auditing process, the network conducts two rounds of audits. The first round involves checking for flaws and bugs.

The auditor releases a PDF list of all the bugs identified in the project. This list shows the extent of damage the bug or vulnerability can cause.  It goes to the developers of the smart contract to give them a chance to make changes.

The auditor gives the developing team possible ways to fix the problems. These recommendations ensure that the developer can make all the changes before the final report. By using the fixes given, developers will secure the contract entirely.

Solidproof Has Gained User Trust

Solidproof as a Defi auditor gained massive user trust. The most primary purpose of auditing projects is to improve confidence in projects. Today, due to the many security issues, Defi has been losing investor trust.

But, auditing projects can return trust to Defi. First, Solidproof itself has user trust. They have over 60 thousand followers on Twitter and 39 thousand on telegram. These numbers increase every other day, increasing confidence.

Solidproof partners with several top launchpads like Unicrypt and Pathfund to increase the levels of trust. Solidproof’s trust levels increase because of their openness with audit reports. They post each report on the medium page for easy access. So, how can trust in Solidproof impact Defi projects?

Once Defi projects accept Solidproof’s auditing, they enjoy increased trust levels. The trust increases since investors realize that the project has no flaws. Since Solidproof is a trusted auditor, its report will increase trust in a project. Moreover, the partner launchpads can easily list any project audited by the Solidproof network. 

Good Customer Feedback

Of course, before engaging with any online service provided, it’s vital to look at what the customers are saying. What do the customers say about this project?

On their home webpage, Solidproof shows some feedback from their already audited projects. The feedback praises the platform for providing quality and professional services. 

You can get other feedback and reviews from social networks like Twitter. Visit the audited projects and see what they say about the services. The positive customer feedback is good for Solidproof and its clients.

Data Security Regulations

Solidproof is a reliable auditing network owing to its adherence to regulations. Based in Germany, Solidproof is subject to regulatory requirements in Germany and Europe. Among the regulators include, DGSVO which is the agency for Data privacy. Developers and users do not fear exposure to their data. 

Final Word

Solidproof is proving to be a unique Defi contract auditor owing to the features and services it provides. The auto tool is, of course, the most crucial element of this network. It automates the entire audit process. Generally, based on the reasons provided above, Solidproof is a good choice for the Defi project. 

On top of auditing, Solidroof provides KYC scanning services. The idea of KYC scanning involves checking for any money laundering risk surrounding the project. Hence, any project that asks for a KYC scan will undergo thorough scrutiny of the team members. 

Solidproof’s commitment to trust and security in Defi makes them the best Defi auditors today.

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Press Release

Limoverse’s Vision for Web3: Token Burn, Roadmap, and Leading the Wellness Frontier

Crypto Chain Wire

Published

3 days ago

on

September 26, 2023

By

In an electrifying move in an otherwise quiet crypto market, Limoverse successfully completed its much-anticipated Token Burn Event! 

The buzz surrounding this event is palpable, and for good reason. It all starts with Limoverse’s unwavering commitment to transparency and its thriving community. Limoverse places its community at the core of its mission, emphasizing transparency, empowerment, and token appreciation for its dedicated users and token holders.

But what exactly is a token burn, and why is it generating such excitement? The answers to these questions are pivotal to understanding the magnitude of this event. Token burns are akin to enchantments in the realm of cryptocurrency. When tokens are subjected to a burn, they are permanently removed from circulation. This action not only diminishes the overall token supply but also heightens its scarcity, elevating the value of each remaining token. 

Limoverse is taking token burns to the next level by introducing a pioneering algorithm that links token burns to real-world achievements. For every kilometer run and every calorie burned within the Limoverse app, an equivalent quantity of Limoverse tokens will be incinerated. Yes, you read that correctly! As users stay active and embrace a healthier lifestyle, the token supply shrinks, thereby augmenting the value of Limoverse tokens. This innovative approach ensures that your journey to improved health and fitness also translates into the growth of your investment. A true win-win!

$LIMO Tokens have a total supply of 10 Billion tokens and the burn event saw 86,494,575 LIMO tokens being burnt and taken out of supply.

Limoverse’s commitment extends even further. “We are delighted to declare that all unredeemed rewards from our HealthFi Rewards Pool have also been subjected to a burn. This strategic move firmly underscores our dedication to forging a sustainable token economy, guaranteeing that each Limoverse token serves its utmost purpose” says Sajeev Nair, founder and chairman of Limoverse.

Talking about what the future holds for Limoverse, he further added. “Shortly, we are set to launch our most awaited projects: ModiFi and CreatFi, which will solidify our position as the most comprehensive health and wellness ecosystem in the web3 world. ModiFi is designed to empower users to flourish in all dimensions of wellness, from physical and mental health to spiritual well-being. The core focus lies in uniting top-tier wellness practitioners with advanced health tracking and AI capabilities, enabling users to take charge of their holistic wellness journey like never before.

Through self-paced courses and personal coaching, CreatFi will offer a gateway to personal growth and holistic well-being, cementing Limoverse’s reputation as a leader in the Health and Wellness space.

About Limoverse

With a vision to become the largest digital health economy in the world, Limoverse’s LIMO tokens are currently trading on Poloniex, Bitmart, and Pancakeswap exchanges. As the token expands its presence, Limoverse continues to break new ground in the health and wellness industry, leveraging Web 3 technology to empower individuals and communities alike.

Currently, the Limoverse ecosystem provides users with the option of earning rewards when they walk, jog or run and also when they burn calories thus keeping them motivated and incentivized to stay healthy through the HealthFi program. 

You can download the Limoverse App from both Google Play and App Store. Be sure to visit the official website and join our Twitter, Telegram, and Instagram to stay updated with all the latest news and developments.

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Press Release

Wemade launches Drops NFT auction service on WEMIX PLAY 

Crypto Chain Wire

Published

4 days ago

on

September 25, 2023

By

  • Game NFTs and special NFTs will be available through English Auction on Drops 
  • NFT auctions for new games Melting Earth, Ballies and Yield KingZ, will be held sequentially until Thursday, October 12th

Leading South Korean game developer Wemade today launched the new Drops NFT auction service on its WEMIX PLAY global blockchain gaming platform. 

Drops will auction off game NFTs and special NFTs minted by various games available on WEMIX PLAY. Players can use WEMIX$ to participate in the auctions which uses the same English auction method as the WEMIX3.0-based DAO & NFT platform NILE (the highest bid is determined as the final winning price). 

To commemorate the launch of Drops, NFT auctions for three new games – Melting Earth, Ballies and Yield KingZ – will be held sequentially until Thursday, October 12th.

Melting Earth is a Metaverse real estate game to restore polluted earth and become the owner of new land; Ballies is an original strategy card game that combines basketball and fantasy elements into a new experience; and Yield KingZ is a Social Casino Game-Fi leveraging benefits of WEB 3.0 based on blockchain.

WEMIX PLAY is the top global blockchain gaming platform with more than 9 million cumulative users. It offers everything from card, puzzle, simulation and strategy games; to first-person shooters, battle royale, multiplayer online battle arena (MOBA), and massively multiplayer online role-playing games (MMORPG); to casual, social networking (SNG) and sports games. 

For more information about the NFT auction service Drops and WEMIX PLAY: https://wemixplay.com/nft/drops/all.

About WEMADE

A renowned industry leader in game development with over 20 years of experience, Korea-based WEMADE is leading a once-in-a-generation shift as the gaming industry pivots to blockchain technology. Through its WEMIX subsidiary, WEMADE aims to accelerate the mass adoption of blockchain technology by building an experience-based, platform-driven, and service-oriented mega-ecosystem to offer a wide spectrum of intuitive, convenient, and easy-to-use Web3 services. Visit www.wemix.com/communication for more information.

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Press Release

Chooky Becomes Official Racing Sponsor of Meadowlands Sports Complex

Crypto Chain Wire

Published

7 days ago

on

September 22, 2023

By

Chooky, the pioneering cryptocurrency platform, is thrilled to announce a groundbreaking partnership as the Official Racing Sponsor of the Meadowlands Sports Complex. This historic collaboration cements Chooky’s position as the very first cryptocurrency to sponsor this iconic sports and entertainment venue, ushering in a new era of crypto adoption and engagement.

Meadowlands Sports Complex: Nestled in East Rutherford, Bergen County, New Jersey, the Meadowlands Sports Complex is a renowned sports and entertainment destination, overseen by the New Jersey Sports and Exposition Authority (NJSEA). The expansive complex encompasses several world-class facilities, including:

MetLife Stadium: The hallowed ground of the New York Giants and New York Jets of the National Football League (NFL).

Meadowlands Racetrack: A prestigious harness racing circuit renowned for hosting the annual Hambletonian Stakes.

Quest Diagnostics Training Center: The dedicated practice facility for the New York Giants.

American Dream: An innovative retail and entertainment destination, housing the Metropolitan Riveters of the Premier Hockey Federation (PHF).

Meadowlands Arena: A storied venue, once home to the New Jersey Devils of the National Hockey League (NHL), Seton Hall University’s men’s basketball team, and the now-Brooklyn Nets of the National Basketball Association (NBA).

Additionally, the Meadowlands Sports Complex proudly houses the largest sportsbook in the world – FanDuel Sports.

Chooky’s status as the Official Racing Sponsor of the Meadowlands Sports Complex marks a significant milestone in the world of sports sponsorship and cryptocurrency. As part of this historic partnership, Chooky will be prominently featured in commercials during the complex’s live stream, which boasts a daily viewership of millions of users. This presents a unique opportunity to connect with sports enthusiasts and crypto advocates alike. The first commercial of Chooky is set to air on September 30. 

But that’s not all. Chooky’s presence will be felt even more tangibly as a full-page advertisement graces all racing forms and Meadowlands media. This means that every visitor to the Meadowlands, whether drawn by the allure of horse racing or other electrifying entertainment, will be greeted by the captivating $CHOO ad. It’s an invitation to explore the world of Chooky, offering an enticing way to invest and be part of this vibrant cryptocurrency community.

In celebration of this monumental partnership, the Meadowlands Racetrack will host the “Chooky Inu – $CHOO” race on September 30, 2023. Following the race, an official presentation honoring Chooky will be held in the winner’s circle, marking the beginning of an exciting journey together.

Papi, CEO of Chooky, enthusiastically remarked, “This sponsorship of the Meadowlands Sports Complex is groundbreaking for the simple fact that we are the first and only crypto sponsor of theirs. We believe in the potential of cryptocurrencies to reshape industries, and this partnership exemplifies our commitment to innovation and community engagement.”

This sponsorship marks the beginning of Chooky’s comprehensive web2 marketing plan, with more exciting initiatives and engagement opportunities on the horizon. Stay tuned as Chooky’s journey with the Meadowlands Sports Complex unfolds, promising a fusion of sports, entertainment, and cryptocurrency like never before.

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