Handewitt, Germany – (Newsfile Corp. – February 12, 2022) – Cryptographic project security remains a major consideration for DeFi developers. SolidProof, a German-based blockchain auditing company, specializes in protecting DeFi market participants with transformative security solutions.
SolidProof is now proud to serve more than 350 projects. Therefore, they adapted their business to changing market conditions and fine-tuned accordingly.
SolidProof addresses the lack of trust in DeFi
DeFi has attracted a significant percentage of scams due to the number of rug-pull cases that have been swarming in the industry many times. Developers can create liquidity pools using newly created fraud tokens and other legitimate ciphers such as Ether. Those who come in will start purchasing in exchange for ETH, which will be held for a certain period of time. The malicious founder then removes ETH from the liquidity pool, leaving only worthless tokens.
It can also occur during the vesting period. During this period, smart contracts typically lock a certain amount of funds until the terms and conditions are met. Vesting is the process of releasing them after the period has expired. The vesting indicates that the team is committed to the project and will continue development. With SolidProof, knowing the developer before investing increases reliability and reliability.
SolidProof also provides a reliable Know Your Customer (KYC) protocol that can increase the reliability of your project. Gather information about the project development team. Therefore, it reassures the user that he is legal and well-meaning. This process provides investors with a high level of trust. Investors trust that the founders of the project will not pull the rug with their money and try to escape, as it happened recently with Squid Token. Therefore, investors are free to participate in the pre-sale.
In addition, the company runs the KYC on the client to authenticate the user’s identity for owner analysis. It also analyzes whether there is a risk of money laundering. In addition, SolidProof helps potential investors determine if they are getting cash from a trusted source. As a result, both investors and creators can get a fair project launch.
SolidProof also addresses privacy issues by storing client data on a server with good encryption. Guarantees optimal security for sensitive data. As a result, new projects may rely on a risk-free approach to data storage optimization.
SolidProof Audit Service
Solidproof detects the problem and produces an auditable and detailed report. Detects protocol code problems and vulnerabilities. In addition, these mistakes are categorized and listed based on their severity level (severe, medium, low).
Second, it provides a lot of code improvements for crypto projects. SolidProof notifies developers of certain important changes. Therefore, it helps to increase the efficiency of the code.
SolidProof recently released a new feature called SolidProof Automated Auto Tool. SAAT uses pre-installed parameters to detect failures, mistakes, and inefficiencies in your DeFi project’s smart contracts. Skilled SolidProof teams can provide fast, accurate, and transparent audit reports without human error.
With audit automation, SolidProof can also evaluate highly complex smart contracts. It’s usually almost impossible to manually check the increasing security of a Decentralized project. SolidProof is a quality audit solution because of these audit characteristics. On the other hand, free and cheap audits are not so extensive. It does not contain any findings or suggestions that may help developers improve their code.
The future of DeFi looks bright
SolidProof is rapidly establishing itself as a prominent player in audit solutions. We are also expanding our services internationally. We are also working to permanently migrate the blockchain environment to improve the efficiency of auditing and KYC.
In addition to automating smart contact audits, the company offers the highest possible client security and privacy. Auditing blockchain can be difficult, but SolidProof gets off to a great start and ultimately dominates technology. You can request auditing and KYC services from the SolidProof website.
About SolidProof
SolidProof is a Decentralized Finance Auditor. In addition to auditing, Solidroof provides a KYC scanning service. The idea of KYC scan includes checking the risk of money laundering surrounding the project. Therefore, any project that requires a KYC scan will be thoroughly scrutinized by team members.
Contact: MAKE Solutions UG Mails Nielsen [email protected]
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