A Safe DeFi Funding Process Made Possible With These Steps
- Today, investors struggle with the possibility of becoming a victim to DeFi exploits
- To overcome these struggles, companies need to amp their efforts
- To start, they need to address a few important issues regarding security, regulation, and choose the right platform.
Blockchain technology, with its smart contract features, has simplified funding for companies and amplified accessibility to investors. But still, a majority of token offerings plummet in a short period. They either fall short in attracting more investors or end up being a victim to one of many DeFi exploits.
To overcome these struggles, companies need to amp up their efforts in securing smart contracts and gaining investor confidence. It starts with addressing a few important issues regarding security, regulation, and choosing the right platform.
Need for Pre-ICO Audit of Smart Contracts
Moreover, as a smart contract is only deemed effective when it has a robust design with zero vulnerabilities in the code, the need for a pre-ICO audit is more crucial now more than ever.
So to avoid a smar ...
Read more: https://coinquora.com/a-safe-defi-funding-process-made-possible-with-these-steps/
Text source: News – CoinQuora – Latest Cryptocurrency and Block
