Hacken, the blockchain and crypto safety platform, right now introduced it has established a partnership with Bubblemaps, a provide auditing device for DeFi tokens & NFTs, to permit traders to make better-informed selections using easy-to-read on-chain knowledge infographics and sensible contract audits.
Bubblemaps produces multicolor bubbles for customers to see connections between completely different crypto wallets. If the wallets holding the most important shares of a undertaking’s tokens are carefully linked to one another, it’s thought-about a suspicious signal. Particularly, there’s a threat {that a} whale investor splits its tokens between linked wallets to cover its standing. Bubblemaps use-cases embrace the struggle in opposition to 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 convey further security to DeFi traders. By appropriately 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.
In consequence, 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 a giant 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 best moral requirements. Utilizing the infographics offered by Bubblemaps, our group can attempt to assess the chance {that a} specific undertaking might make a rug pull or rip-off exit. Don’t neglect to research token provide earlier than making any main funding selections!”
– The Hacken Workforce
