What's the next big crypto project coming up? In this video, we're going to talk about PulseFinity, one of our favorite projects with a 1000X potential.
For those of you who don't know, PulseFinity is an incubator and launchpad launching on PulseChain, and today we're going to talk about some exciting news that has just been announced by the PulseFinity team and how it will impact the project in the future.
But be warned, this is not your average crypto video, as we dig deep into the inner workings of PulseFinity and its mission to revolutionize the industry. Keep in mind, as always, do your own research and always consult a financial advisor before making any investment decisions. So sit back, relax, and let's discover the true potential of PulseFinity.
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Now, let's get started.
As we have just said, PulseFinity offers a world-class Launchpad for promising PulseChain projects. This platform will only feature innovative and secure projects that have huge potential on a global scale. We have talked about this project multiple times in our previous videos.
So today we're going to focus on this great news that was officially announced by the PulseFinity team and the impact it will have on the project going forward.
Nevertheless, before we review the news, we would like to say that PulseFinity is a legitimate project. The development team is extremely passionate. They want to find a way to grow and expand the entire PulseChain ecosystem and allow project developers to launch their own token on PulseChain in an easy and accessible way, so that these developers can build communities extremely quickly and also struggle in the web3 and decentralized finance space. Ultimately, Pulsefinity's goal is to help project developers, help its community, and encourage investors to quickly commit to these projects and build a great ecosystem of projects.
We are very bullish on PulseFinity. And the development team wants this project to be a success.
Actually, the good news is that they have done 2 audits, one with Interfi and one with Solidproof.
Let's dive into the world of PulseFinity by visiting their website at Pulsefinity.net. Once you're on the site, scroll down to the bottom of the page to find the various social media links. PulseFinity announces big news on these platforms, so we'll be clicking on Twitter. Once on the Twitter page, scroll down to find the exciting announcement of PulseFinity's successful audit by SolidProof. The audit confirms that the token contract and sacrifice contract have passed all security checks with zero issues in the code. Additionally, we also have the same great news from InterFiNetwork, who has also undergone and passed a successful audit, ensuring the security of their contract code.
PulseFinity has a history of using questionable methods such as using shared DeFI to KYC their team and offering a special NFT that would reveal the identities of the development team if any issues arose with the code. However, it seems that the team is now working towards improving their verification process. While it's uncertain if this is true, it's not uncommon to see KYC companies fall short. To provide transparency and security, the PulseFinity team has undergone audits from reputable firms like SolidProof and InterFiNetwork, in addition to their previous KYC process.
The audits conducted on PulseFinity were made publicly available on GitHub, an open-source platform that contains blockchain coding for various projects and serves as a repository for open-source research. Let's take a closer look at the audit performed by SolidProof, but keep in mind that PulseFinity also underwent an audit with InterFiNetwork. We will guide you through the key elements to look for in the audit report. The full report can be found in the PDF provided by SolidProof.
Another important aspect we want to delve into is the fact that PulseFinity also conducted an audit on their Sacrifice contract. This is a significant step as it demonstrates PulseFinity's commitment to transparency and the proper handling of funds within the project. This is noteworthy, as many projects in the crypto space do not audit their Sacrifice contract, leaving the handling of funds and accessibility of the Sacrifice portfolio uncertain. PulseFinity, however, is determined to establish transparency between the project and its community.
As we look at the audit report provided by SolidProof, a reputable company based in Germany, we can see that they have assessed the vulnerability and risk level of PulseFinity's contracts. Let's take a closer look by scrolling down and reading the description of what PulseFinity is.
The audit is a thorough examination of the code, ensuring that no hidden backdoors or nefarious activities are happening. In addition to that, they also search for vulnerabilities. They conduct a simulated hackathon where they attempt to exploit the code and discover potential entry points for hackers to manipulate it. This allows the audit team to report any weaknesses or issues to the development team, giving them the chance to fix them and strengthen the security of the code.
The purpose of the audit is to serve as a report card for the project, highlighting areas that need improvement. By fixing any issues identified in the audit, the project can be re-evaluated and approved. It's important to review the audit report each time a project is audited, even if it's just the first phase. The audit report will indicate the level of issues found, including critical, high, medium, low, and informational issues. It's important to note that while critical issues may have a significant impact on the project, there may also be low informational issues that have less impact on the project.
The audit report uses a color-coding system to indicate the severity of issues found. Critical issues will be flagged in red, while low or informational issues will be highlighted in green or blue. By scrolling down, you'll find the methodology section, which explains the approach taken during the audit, the specific areas that were examined, and the criteria used to evaluate the code. The audit process is designed to ensure that there are no exploitable vulnerabilities present in the code. Further down in the report, you'll find metrics, which provide an overview of the level of risk for all the code, including interface risk, documentation, and more. Overall, the report indicates that the code has passed the audit with minimal issues found.
So, in summary, the callGraph feature provided by SolidProof is a visual representation of the flow of the code and how the different functions and interactions of the token work within the contract. It allows for an easy way to understand and review the code without having to go through lines of technical terms, making it accessible for non-developers.
Now, as we delve deeper, we come across the scope of the audit and the claims made by the auditors. They examine key features such as deployment, new tokens, the ability to deploy burner funds or lock user accounts, past contract deployment, fee settings, blacklisting or anti-sniper address capabilities, and overall control. These are the key areas that investors want to know about when considering investing in a project. As we scroll down further, we see that the rolling contract is not mutable and this is generally a positive sign. A scalable contract means that the developers can add new rules in the future, which can be a potential problem.
Then, just below, you have the result. And everything has been successfully audited.
So, this is the big news we wanted to share with you today. We encourage you to take a look at the audit conducted by InterFiNetwork. It is also quite informative and adds credibility to the PulseFinity project. We believe that after this, the interest in the project will only continue to grow. As you can see, this is a solid project and they are currently in the sacrifice phase, providing an opportunity for early investors.
Now, what are your thoughts on this project? Do you think it has the potential to make a significant impact? Share your thoughts and opinions with us in the comments section below.
And if you have any questions or concerns, leave them in the comment section below and we will come back with another video.