Home / Dogecoin News /Undeads Metaverse: Security Audit Completed By Certik

Undeads Metaverse: Security Audit Completed By Certik

06 Jan 2023

Recently, the cryptocurrency trading platform MEXC released two retrospective articles: Major Events in Cryptocurrency Market 2022,Which Affected You the Most? Blog-Top 10 Highlights of MEXC 2022, which respectively reviewed the cryptocurrency market in 2022 and the development of MEXC in one year.

2022 is the most dramatic year for the crypto industry. It has experienced many far-reaching black swan events, such as the LUNA crash and the FTX thunderstorm. For users, project parties or cryptocurrency trading platforms, capital institutions, etc., 2022 was a year of suffering.

Also, this year, MEXC Global continued to carry out in-depth optimization of the Futures, launched the second-level K-line function, launched NFT Index and other products at the same time, upgraded the brand color to “Ocean Blue” and other measures, not only withstood the crypto market In the second half of this year, but its global users also exceeded 10 million, its Futures liquidity reached the first place in the world. Its Futures business grew by 1200%.

The liquidity of the Futures ranks the first, and the business has increased by 1200%

In 2022, MEXC has been focusing on the optimization of Futures products, continue to optimize the basic liquidity according to the needs of users and provide second-level K-line functions, contract maker 0 rate activities, etc., for contract products.

Blockchain media Cointelegraph reported that as of September this year, MEXC‘s Futures liquidity had reached the world’s first. Liquidity indicators are crucial for contract trading. There are always many bids and offers in a liquid market, and traders can easily enter and exit. The better the liquidity, the smaller the spread and the lower the transaction cost. A market with poor liquidity may have a significant price difference, which increases the risk of being liquidated under extreme market conditions.

On October 25, MEXC upgraded the functions of Futures products and launched the second-level K-line function. MEXC is the first cryptocurrency trading platform in the world to launch the second-level K-line function of Futures. The added second-level K-line, which takes “1 second” as the period, generates a single candle chart, which is more timely and intuitive to reflect transaction information, such as real-time prices, trading volume, and market depth.

A few days ago, MEXC once again announced the growth of its contract business. Its average daily trading volume has increased by 1200%, and it also launched a zero-fee activity for Futures Maker. According to Cryptorank data, the daily futures trading volume of mainstream currencies BTC & ETH and MEXC ranks fourth globally.

Burn $246 million MX

In December 2021, MEXC launched the MX Token2.0 plan. Through the voting of the MX Token community, not only will one MX held by the MEXC Foundation be directly burned, but also, the passed rules will increase the intensity of repurchase and destruction of MX. 40% of all platform profits are used to buy back and burn MX.

The data shows that from December 7, 2021 to December 7, 2022, a total of about 110,332,145 MX were burned. Among them, 100 million MX will be burned directly in December 2021; in 2022, 2,266,655 MX will be burned by repurchase in Q1, 3,876,215 MX will be burned by repurchase in Q2, and 4,189,275 MX will be burned by repurchase in Q3. Worth around $246 million.

The first platform to launch blue-chip NFT Index

In the first half of this year, the NFT market was booming, but blue-chip NFTs often cost a few ETH or even dozens of ETH, which discouraged many people. MEXC launched the NFT Index for the first time in the world in April. By purchasing carefully selected blue-chip NFTs, such as Moonbirds, Clone X, Azuki, Meebits, Doodles, etc. as support, it splits them into a certain number of tokens and launches corresponding NFTs Index. The launch of NFT Index is mainly to reduce the threshold for users to enter NFT. Users can buy or sell a certain share of NFT Index at any time without buying a complete NFT. When the share of NFT Index holders reaches a complete NFT, they can exchange the corresponding NFT.

Leveraged ETFs lead the ETF market

It is understood that the MEXC leveraged ETF is an open-end ETF product launched in Q2019. Its characteristics are that the trading rules are as simple as spot products, no margin is required, no liquidation rules, and it has a compound interest effect. According to Cryptorank data, among similar products on the entire network, the trading volume of MEXC leveraged ETF ranks first.

Online Fan Token Trading Zone

The 2022 World Cup in Qatar has promoted the interest of cryptocurrency traders in World Cup-themed fan tokens and set off an independent track market in the second half of the year. Top exchanges such as MEXC and Binance successfully launched fan token trading areas. Unlike other fan tokens, fan tokens are utility tokens associated with clubs, teams, or brands, granting holders special fan privileges and enhancing fan-club interaction. MEXC is the exchange with the largest number of online fan tokens, and 39 fan tokens have been launched, such as CHZ, POR, ARG, BFT, ACM, etc.

MEXC x Coinbase x Trust Framework

The TRUST network is an alliance of the world’s leading cryptocurrency exchanges that are designed to disclose necessary data & Privacy Prevention. MEXC has joined TRUST Network this year, committed to focusing on protecting customer privacy and information security with 62 top companies worldwide, including PayPal, Binance, etc.

Trust Network Solutions:

M-Ventures completes brand upgrade, capital scale reaches $200 million

On September 28, M-Ventures, a fund under MEXC, completed its brand upgrade, and its own funds reached $200 million. M-Ventures mainly focuses on three investment priorities in the primary market, namely Web3, new public chain ecology and infrastructure. In the past 3 years, M-Ventures’ investment portfolio includes dozens of outstanding projects, such as Polkadot, Avalanche, Manta, etc.

The brand color upgraded to “Ocean Blue”

On November 18, MEXC completed the brand color upgrade from “forest green” to “ocean blue.” It is understood that “Ocean Blue” was originally a brand color suggestion put forward by Korean-speaking users and was first upgraded at the Korean station after evaluation by MEXC. After receiving wide acclaim from Korean users, user surveys were conducted in several key countries and regions. Following the suggestions of the vast majority of users, it was finally decided to upgrade the brand color of the entire site to “Ocean Blue.”

“Ocean Blue” means “All the rivers run into the sea.” The upgrade of the brand color “Ocean Blue” not only conforms to the concept of “Users first, MEXC’s Changing for you” but also better interprets the platform’s characteristics – secure and professional, open and inclusive, keeping exploring, and the future of hope.

 

 

 

This is a sponsored post. Learn how to reach our audience here. Read disclaimer below.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Tony Hawk's Latest NFTs to Come With Signed Physical Skateboards

Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.

Recently, the cryptocurrency trading platform MEXC released two retrospective articles: Major Events in Cryptocurrency Market 2022,Which Affected You the Most? Blog-Top 10 Highlights of MEXC 2022, which respectively reviewed the cryptocurrency market in 2022 and the development of MEXC in one year.

2022 is the most dramatic year for the crypto industry. It has experienced many far-reaching black swan events, such as the LUNA crash and the FTX thunderstorm. For users, project parties or cryptocurrency trading platforms, capital institutions, etc., 2022 was a year of suffering.

Also, this year, MEXC Global continued to carry out in-depth optimization of the Futures, launched the second-level K-line function, launched NFT Index and other products at the same time, upgraded the brand color to “Ocean Blue” and other measures, not only withstood the crypto market In the second half of this year, but its global users also exceeded 10 million, its Futures liquidity reached the first place in the world. Its Futures business grew by 1200%.

The liquidity of the Futures ranks the first, and the business has increased by 1200%

In 2022, MEXC has been focusing on the optimization of Futures products, continue to optimize the basic liquidity according to the needs of users and provide second-level K-line functions, contract maker 0 rate activities, etc., for contract products.

Blockchain media Cointelegraph reported that as of September this year, MEXC‘s Futures liquidity had reached the world’s first. Liquidity indicators are crucial for contract trading. There are always many bids and offers in a liquid market, and traders can easily enter and exit. The better the liquidity, the smaller the spread and the lower the transaction cost. A market with poor liquidity may have a significant price difference, which increases the risk of being liquidated under extreme market conditions.

On October 25, MEXC upgraded the functions of Futures products and launched the second-level K-line function. MEXC is the first cryptocurrency trading platform in the world to launch the second-level K-line function of Futures. The added second-level K-line, which takes “1 second” as the period, generates a single candle chart, which is more timely and intuitive to reflect transaction information, such as real-time prices, trading volume, and market depth.

A few days ago, MEXC once again announced the growth of its contract business. Its average daily trading volume has increased by 1200%, and it also launched a zero-fee activity for Futures Maker. According to Cryptorank data, the daily futures trading volume of mainstream currencies BTC & ETH and MEXC ranks fourth globally.

Burn $246 million MX

In December 2021, MEXC launched the MX Token2.0 plan. Through the voting of the MX Token community, not only will one MX held by the MEXC Foundation be directly burned, but also, the passed rules will increase the intensity of repurchase and destruction of MX. 40% of all platform profits are used to buy back and burn MX.

The data shows that from December 7, 2021 to December 7, 2022, a total of about 110,332,145 MX were burned. Among them, 100 million MX will be burned directly in December 2021; in 2022, 2,266,655 MX will be burned by repurchase in Q1, 3,876,215 MX will be burned by repurchase in Q2, and 4,189,275 MX will be burned by repurchase in Q3. Worth around $246 million.

The first platform to launch blue-chip NFT Index

In the first half of this year, the NFT market was booming, but blue-chip NFTs often cost a few ETH or even dozens of ETH, which discouraged many people. MEXC launched the NFT Index for the first time in the world in April. By purchasing carefully selected blue-chip NFTs, such as Moonbirds, Clone X, Azuki, Meebits, Doodles, etc. as support, it splits them into a certain number of tokens and launches corresponding NFTs Index. The launch of NFT Index is mainly to reduce the threshold for users to enter NFT. Users can buy or sell a certain share of NFT Index at any time without buying a complete NFT. When the share of NFT Index holders reaches a complete NFT, they can exchange the corresponding NFT.

Leveraged ETFs lead the ETF market

It is understood that the MEXC leveraged ETF is an open-end ETF product launched in Q2019. Its characteristics are that the trading rules are as simple as spot products, no margin is required, no liquidation rules, and it has a compound interest effect. According to Cryptorank data, among similar products on the entire network, the trading volume of MEXC leveraged ETF ranks first.

Online Fan Token Trading Zone

The 2022 World Cup in Qatar has promoted the interest of cryptocurrency traders in World Cup-themed fan tokens and set off an independent track market in the second half of the year. Top exchanges such as MEXC and Binance successfully launched fan token trading areas. Unlike other fan tokens, fan tokens are utility tokens associated with clubs, teams, or brands, granting holders special fan privileges and enhancing fan-club interaction. MEXC is the exchange with the largest number of online fan tokens, and 39 fan tokens have been launched, such as CHZ, POR, ARG, BFT, ACM, etc.

MEXC x Coinbase x Trust Framework

The TRUST network is an alliance of the world’s leading cryptocurrency exchanges that are designed to disclose necessary data & Privacy Prevention. MEXC has joined TRUST Network this year, committed to focusing on protecting customer privacy and information security with 62 top companies worldwide, including PayPal, Binance, etc.

Trust Network Solutions:

M-Ventures completes brand upgrade, capital scale reaches $200 million

On September 28, M-Ventures, a fund under MEXC, completed its brand upgrade, and its own funds reached $200 million. M-Ventures mainly focuses on three investment priorities in the primary market, namely Web3, new public chain ecology and infrastructure. In the past 3 years, M-Ventures’ investment portfolio includes dozens of outstanding projects, such as Polkadot, Avalanche, Manta, etc.

The brand color upgraded to “Ocean Blue”

On November 18, MEXC completed the brand color upgrade from “forest green” to “ocean blue.” It is understood that “Ocean Blue” was originally a brand color suggestion put forward by Korean-speaking users and was first upgraded at the Korean station after evaluation by MEXC. After receiving wide acclaim from Korean users, user surveys were conducted in several key countries and regions. Following the suggestions of the vast majority of users, it was finally decided to upgrade the brand color of the entire site to “Ocean Blue.”

“Ocean Blue” means “All the rivers run into the sea.” The upgrade of the brand color “Ocean Blue” not only conforms to the concept of “Users first, MEXC’s Changing for you” but also better interprets the platform’s characteristics – secure and professional, open and inclusive, keeping exploring, and the future of hope.

 

 

 

This is a sponsored post. Learn how to reach our audience here. Read disclaimer below.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year

The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.

After the all-time cryptocurrency price highs in 2021, suffering through the Luna implosion of 2022 and watching countless crypto businesses go belly up, we’ve got a new entrant to the meme coin scene that launched on the Solana network. The crypto asset bonk inu (BONK) has a circulating token supply of around 41.5 trillion and it has managed to gather a market capitalization of around $63 million.

The cryptocurrency community has been discussing a new meme token called bonk inu (BONK), a dogecoin (DOGE) and shiba inu (SHIB) wannabe that is now the sixth-largest meme coin asset today. According to the BONK development team and its “one pager,” Bonk is “the first Solana dog coin for the people, by the people with 50% of the total supply airdropped to the Solana community.”

The airdrop boosted the price of solana (SOL) in recent times after the project has been dealing with negativity stemming from its former relationships with Sam Bankman-Fried, Alameda Research, and FTX. “The Bonk contributors were tired of toxic ‘Alameda’ tokenomics and wanted to make a fun memecoin where everyone gets a fair shot,” Bonk’s one pager further explains.

BONK Meme Coin Sees Wild Price Fluctuations and Massive Holder Concentration

The 50% of BONK distribution was split into fractions and 20% went to Solana-based non-fungible token (NFT) collectors. 15% was distributed to early openbook traders, 10% to Solana artists and collectors, and 5% to Solana developers. BONK started to see real-world value on Dec. 29, 2022, when it was trading for $0.000000086142 per token. By Jan. 5, 2023, it jumped to an all-time high (ATH) at $0.00000487 per BONK. But 24 hours later, on Jan. 6, BONK was down 67.9% since the token’s ATH.

The crypto asset’s market capitalization reached more than $204 million down to the Jan. 6 market valuation of around $63 million. While BONK has a circulating supply today of around 41.5 trillion, it once was around 56.02 trillion according to an archive.org snapshot. According to the BONK team, much like shiba inu (SHIB), BONK tokens are burned to create scarcity.

BONK Meme Coin Sees Wild Price Fluctuations and Massive Holder Concentration
Coincarp.com data recorded on Jan. 6, 2023.

On Jan. 5, the BONK team said 5 trillion of the meme tokens were destroyed. Furthermore, there are 110,017 BONK holders and coincarp.com data indicates that the top ten holders control 36.81% of the supply. 20 BONK holders command 46.31% of the supply and 58.32% of BONK is held by 100 of the richest bonk inu addresses.

What do you think about the Solana meme coin called BONK? Let us know your thoughts about this subject in the comments section below.

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year

The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.

After the all-time cryptocurrency price highs in 2021, suffering through the Luna implosion of 2022 and watching countless crypto businesses go belly up, we’ve got a new entrant to the meme coin scene that launched on the Solana network. The crypto asset bonk inu (BONK) has a circulating token supply of around 41.5 trillion and it has managed to gather a market capitalization of around $63 million.

The cryptocurrency community has been discussing a new meme token called bonk inu (BONK), a dogecoin (DOGE) and shiba inu (SHIB) wannabe that is now the sixth-largest meme coin asset today. According to the BONK development team and its “one pager,” Bonk is “the first Solana dog coin for the people, by the people with 50% of the total supply airdropped to the Solana community.”

The airdrop boosted the price of solana (SOL) in recent times after the project has been dealing with negativity stemming from its former relationships with Sam Bankman-Fried, Alameda Research, and FTX. “The Bonk contributors were tired of toxic ‘Alameda’ tokenomics and wanted to make a fun memecoin where everyone gets a fair shot,” Bonk’s one pager further explains.

BONK Meme Coin Sees Wild Price Fluctuations and Massive Holder Concentration

The 50% of BONK distribution was split into fractions and 20% went to Solana-based non-fungible token (NFT) collectors. 15% was distributed to early openbook traders, 10% to Solana artists and collectors, and 5% to Solana developers. BONK started to see real-world value on Dec. 29, 2022, when it was trading for $0.000000086142 per token. By Jan. 5, 2023, it jumped to an all-time high (ATH) at $0.00000487 per BONK. But 24 hours later, on Jan. 6, BONK was down 67.9% since the token’s ATH.

The crypto asset’s market capitalization reached more than $204 million down to the Jan. 6 market valuation of around $63 million. While BONK has a circulating supply today of around 41.5 trillion, it once was around 56.02 trillion according to an archive.org snapshot. According to the BONK team, much like shiba inu (SHIB), BONK tokens are burned to create scarcity.

BONK Meme Coin Sees Wild Price Fluctuations and Massive Holder Concentration
Coincarp.com data recorded on Jan. 6, 2023.

On Jan. 5, the BONK team said 5 trillion of the meme tokens were destroyed. Furthermore, there are 110,017 BONK holders and coincarp.com data indicates that the top ten holders control 36.81% of the supply. 20 BONK holders command 46.31% of the supply and 58.32% of BONK is held by 100 of the richest bonk inu addresses.

What do you think about the Solana meme coin called BONK? Let us know your thoughts about this subject in the comments section below.

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'

The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.

PRESS RELEASE. Dubai, UNITED ARAB EMIRATES, January 2023, Undeads Metaverse announces the completion of its smart contracts’ security audit conducted by Certik, which included a comprehensive multi-level assessment of Undeads Metaverse in-game smart contracts and product functionality. The focus of the audit was to verify that the smart contract system is secure, resilient and working according to its specifications.

Certik is considered one of the top auditors in the world and is a pioneer in blockchain security, utilizing best-in-class Formal Verification and AI technology to secure and monitor blockchains, smart contracts, and Web3 apps.

“Undeads Metaverse reaches another significant milestone with the affirmation that all 23 in-game smart contracts have been verified secure,” said Leo Kahn, CEO of Undeads Metaverse. “The Certik audit is part of our 360-degree cybersecurity strategy, which works in concert with our partner RedScan, the cybersecurity division of Kroll, in delivering a safe and secure environment”

Overall, CertiK found Undead’s smart contracts in good practices and has concluded that their smart contracts are not vulnerable to any known anti-pattern or security issues.

The full audit report can be viewed here.

About Certik

CertiK is the leading global blockchain security company. By leveraging cutting-edge technology and expertise, CertiK has performed more than 400 audits and secured over $10 billion in digital asset value. It has conducted audits for top cryptocurrency exchanges Binance, Huobi, OKEx, and other blockchains and DeFi protocols.

About Undeads Metaverse

Undeads is a next-generation survival MMORPG with a large selection of play-to-earn mechanics and over 10 types of playable NFT assets. Undeads is built to allow players to earn cryptocurrency while playing the game and interacting with others. Ultimately, Undeads aims to build a Web3 gamers community and player-driven economy full of engaging activities designed to create an ecosystem of engaged players and deliver the ultimate gaming experience that will exceed community expectations.

Undeads Web3 game has an isometric model with action-combat that takes place in a post-apocalyptic metaverse. The conflict focuses on a struggle for resources between two opposing factions: humans and zombies. Players are tasked with venturing into uncharted regions, establishing and guarding their own settlements, grinding for resources, constructing and enhancing their own gear, engaging in commerce, becoming skilled in trading, and developing their NFT characters. Undeads is also loaded with built-in entertaining VR games for true metaverse and virtual reality fans.

About Undead FZE LLC

Undeads was founded by Undeads FZE LLC, in February 2022. With over 60 industry veterans from the United States, Canada, Australia, Europe & Asia and a wide network of world-class partners.

Watch the trailer on YouTube now: https://youtu.be/LzAjMJ10qJ0
Website: https://undeads.com/

Contact details: Ash Hodgetts
Email: press@undeads.com
Location: Dubai, United Arab Emirates

 

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Tony Hawk's Latest NFTs to Come With Signed Physical Skateboards

Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.

Source From : News

© CoinJoker 2019 | All Rights Reserved.