The Germany-based auditing firm SolidProof has just started a free auditing program for DeFi projects. The company wants to show its supporters its appreciation by launching a free exam tournament.
The community will have the opportunity to vote on the projects they think are best suited for a free review and report. The announcement comes after Solidproof has successfully examined the BSC-based CyberRacing project.
Protecting project investors and users
The DeFi market has been hit hard by many challenges, but fraud cases are the most obvious. The space has seen new inventions and innovative companies trying to curb this problem.
Solidproof uses auditing and KYC procedures to build trustworthy blockchain-based DeFi projects, unlike other companies that only offer one of them. The auditing process makes a project real and thus the investor is safe.
The accounting firm determines a user’s identity and determines that the sources of their funds are legitimate KYC services. However, you should note that the GDPR regulation protects the data from unauthorized access so that there is little to no leakage.
Project coordination details
To vote for the projects you need to follow SolidProof on their Telegram and subscribe to all of their social networks. Twitter and Facebook.
After you have ticked all the boxes, you can apply to participate. You need to submit an application using this Google form. After submission, everyone who has applied to participate will vote for a week via Twitter and Telegram. During the week, various project users will vote or vote on projects. Those who voted will receive a free exam and the confirmations posted on Twitter. More details about the tournament can be found here.
To motivate more people to vote for their project, there is a 5 x 100 USDT competition. In addition, the participants will receive random prizes after the tournament has ended.
SolidProof Auditing Services are top notch
SolidProof undoubtedly provides trustworthy and seamless auditing with minimal errors. Defi providers get the chance to secure their smart contracts.
The first step in auditing a project is the communication phase. Here the exciting project sends a non-binding request and code to SolidProof. The company then evaluates the project and invoices the customer for a personalized offer.
Once approved, the auditing team reviews the code a few times to identify any weaknesses that could make the project vulnerable to hackers or other attacks. The weak points are classified between critical, medium and low and sent back for correction.
The SolidProof team makes sure they work with the project developer to make sure any issues are fixed. Another audit then takes place. As soon as the code is satisfactory, the audit company offers an audit certificate that shows that the project has been audited and is free from attacks.
Get in touch
To participate in the auditing vote, be sure to follow Solid Proof on the following social media pages. You can also browse more information in the survey as you update the information.