BitKeep has completed a security audit of the exchange protocol and launched a secure asset fund with an initial capital of $1 million

The company promises to allocate 10% of monthly Swap revenue to the fund.

BitKeep, the leading web 3.0 multi-chain crypto wallet, serves over seven million users in 168 countries.

Supporting 76 major networks and over 220,000 tokens, BitKeep Wallet is more than just a decentralized wallet – IIt also integrates major DEXs, holds an NFT marketplace, and provides a versatile DApp browser.

On December 1, 2022, BitKeep launched its second version of the exchange protocol, which is now open source with the security audit carried out by the SlowMist team.

Additionally, BitKeep announced the launch of its Secured Asset Fund with an initial capital of $1 million and promised to distribute 10% of monthly Swap revenue to the fund. This fund is designed to cover user losses caused by BitKeep.

Switch audit version 2

For the Swap Protocol audit, the SlowMist team relied primarily on white-box testing and combined black-box and gray-box testing. He simulated real-world attacks and performed a comprehensive security analysis covering all Swap version two code.

SlowMist concluded,

“No major vulnerabilities were found during the audit. An enhanced security plan has been developed jointly with the BitKeep technical team.

BitKeep has enhanced relevant contingency plans and configured multi-dimensional and in-depth defensive strategies such as one-click suspend, timelock, and multisig. Additionally, BitKeep builds a more refined on-chain risk early warning and control mechanism.

After the audit, BitKeep made version two of the exchange protocol open source. More protocol codes coming soon like the base code of Swap version one and the NFT market. View the open source codebase and audit report here.

BitKeep Secure Asset Fund

With an initial capital of $1 million, the BitKeep Secure Asset Fund aims to keep user assets safe and protect users from security incidents. The BitKeep security fund will be used to cover the loss of user assets caused by BitKeep, which it says will only happen in extremely rare cases.

The company promised to distribute 10% of monthly Swap earnings to the fund to ensure continued growth of the reserve.

A BitKeep executive said:

“Transparency plays a big role in building trust. Knowing this, BitKeep published the fund addresses to show its ability and commitment to user protection.

Check the fund’s on-chain addresses here.

About BitKeep

BitKeep is the first web 3.0 multi-chain crypto wallet. Thanks to its security, ease of use and inclusiveness, BitKeep Wallet has become a long-standing solution for more than seven million users worldwide in 168 countries.

BitKeep is now the wallet partner of the top 30 global networks such as Ethereum, Polygon, Solana and BNB Chain.

Integrating five core modules of “wallet”, “swap”, “NFT market”, “DApp” and “discovery”, BitKeep supports over 76 major networks, over 15,000 DApps, over 1,000,000 NFTs and more of 250,000 tokens.

It also offers popular features including advanced DEX price charts, instant gas trading, and NFT trading dividends. It is BitKeep’s vision to provide the most secure and convenient one-stop service for global crypto investors.

This content is sponsored and should be considered promotional material. The opinions and statements expressed herein are those of the author and do not reflect the views of The Daily Hodl. The Daily Hodl is not an affiliate or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making high-risk investments in ICOs, blockchain startups, or cryptocurrencies. Please note that your investments are at your own risk and any loss you may suffer is your responsibility.

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