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Gnox (GNOX), a reflection token coming to the Binance Smart Chain this week, has had its smart contracts audited by SolidProof. This successful audit has added a further layer of security and confidence for early investors. The audit results show Gnox’s smart contracts are secure, will not be exploited, and it joins other top-ranking tokens in terms of safety, such as Tron (TRX) and Cro (CRO).
Why are Audits Important?
It is no secret that crypto, specifically DeFi (decentralised finance), is full of bad actors. Many investors cannot read or understand code, meaning they are allocating funds to a smart contract they do not fully understand. This is why smart contract audits have become so prominent for legitimate protocols. Experts analyse the code, search for exploits, and provide suggestions for optimisation. These audits can be viewed by investors and have played a crucial role in removing the role of trust in investment.
By viewing the public audit, investors can see potential vulnerabilities and project developers can fix these bugs/issues before the protocol launches. This lets investors purchase tokens and interact with these contracts in good faith, knowing experts have already scrutinised them.
Gnox (GNOX)
Gnox has employed the SolidProof team to do an overview of the smart contracts, and the results have been published: Gnox Smart Contract Audit. This has allowed the protocol to implement changes where necessary and allow investors to analyse data instead of relying on trust.
Gnox is changing the face of DeFi by making it accessible to all investors. Utilising buy and sell taxes the protocol accumulates a treasury which is deployed within DeFi to earn for investors. Every month the generated proceeds are split amongst GNOX holders in stablecoin. Gnox represents a secure and low-touch solution to DeFi earning, allowing all investors to benefit from the spheres rapid growth.
Tron (TRX)
Tron is another protocol with top-tier security. This layer one protocol aims to decentralise the future of the web. Created in 2017 by the Tron Foundation, Tron eliminates the middle man between consumers and creators, allowing for actual ownership. Tron has seen rapid global adoption due to its staggering throughput and nominal transaction cost.
Cro (CRO)
Cro, the native and utility token for Crypto.com, is another top-rated token for security. CRO powers the Crypto.com rewards system and allows investors access to many special perks, including its massively popular visa cards and other staking rewards. Designed to normalise cryptocurrency for a wider audience, CRO has helped consistently drive adoption forwards.
Find Out More Here:
Website: https://Gnox.io
Telegram: https://t.me/gnoxfinancial
Discord: https://discord.com/invite/mnWbweQRJB
Twitter: https://twitter.com/gnox_io
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