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Binance Launchpool, a new initiative designed to bring the decentralized finance (DeFi) experience to Binance users, is pleased to announce its new project: CertiK Chain - a cross-chain protocol that includes security scoring and decentralized refunds for those who create secure dApps and blockchains.
CertiK Chain is a Delegated Proof-of-Stake (DPoS) blockchain built with Cosmos SDK. It aims to create a foundation on which blockchain infrastructure and decentralized applications can be built securely.
With its local on-chain features, including Security Oracle, the CertiKShield Refund Pool, and a highly secure programming language (DeepSEA), CertiK Chain was created to secure a variety of blockchain products from development to post-deployment.
CTK token; It is the main network service token used in payment of smart contract transaction fees, staking for network consensus, rewards distributed for participation in the Security Oracle network, collateral and repayments for CertiKShield, as well as community voting for decentralized network governance.
In addition to the Launchpool announcement, CertiK and Binance allocated 1,000,000 CTK to fund the CertiKShield Refund Pool on Binance Smart Chain; This way, audited BSC projects can participate and protect against hacking and software errors.
The project raised $ 39.43 million from two rounds of private token sale, where 38.00% of the total CTK token supply was sold at prices of 0.77 USD / CTK and 1.90 USD / CTK.
During the CertiK Chain Launchpool engagement period, users will be able to stake BNB, BUSD and CTK tokens in separate pools to earn CTK tokens by farming as of 03:00 (TSI) on 23/10/2020. Binance will list CTK and open trading pairs CTK / BTC, CTK / BNB, CTK / BUSD and CTK / USDT on 27/10/2020 at 11:00 (TSI).
CertiK Co-Founder and Professor of Computer Science at Yale University, Professor Zhong Shao, said, "By developing CertiK Chain, a high-security, cross-chain solution with security at its center, we hope to raise security standards across this entire area. It is of paramount importance to ensure that large-scale innovations achieve sustainable growth so that they can actually thrive in the future. " found in the description.
"Binance and CertiK are committed to improving the adoption and quality of security in the DeFi space. We are excited to support Certik Chain through Launchpool and bring their protocols to Binance Smart Chain (BSC)," said CZ (Changpeng Zhao), CEO and Founder of Binance. said.
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