Daniel from Improve Press
Hacken, the blockchain and crypto safety platform, immediately introduced it has established a partnership with Bubblemaps, a provide auditing instrument for DeFi tokens & NFTs, to permit buyers to make better-informed choices using easy-to-read on-chain information infographics and sensible contract audits.
Bubblemaps produces multicolor bubbles for customers to see connections between totally different crypto wallets. If the wallets holding the largest shares of a undertaking’s tokens are intently linked to one another, it’s thought-about a suspicious signal. Particularly, there’s a danger {that a} whale investor splits its tokens between related wallets to cover its standing. Bubblemaps use-cases embrace the battle towards wash buying and selling, wallet-splitting, and manipulations with voting energy.
Advantages of partnership for customers of Bubblemaps
For Bubblemaps.io, a partnership with Hacken is a mechanism to deliver extra security to DeFi buyers. By accurately analyzing the undertaking’s token provide and the outcomes of a wise contract audit, customers can conclude whether or not investing on this enterprise is an opportune resolution and what are the related dangers.
Because of this, the initiatives that neglect assembly important safety necessities with seen token provide manipulations will be unable to acquire new financing.
“For Hacken, this partnership is an enormous step towards implementing our mission – making Net 3.0 a safer place. The supply of a wise contract audit and different types of safety testing doesn’t assure {that a} undertaking meets the very best moral requirements. Utilizing the infographics offered by Bubblemaps, our group can attempt to assess the chance {that a} explicit undertaking could make a rug pull or rip-off exit. Don’t neglect to research token provide earlier than making any main funding choices!”
– The Hacken Crew
