/biz/ - Business & Finance

New DeFi project audited by Consensys Diligence today.

https://consensys.net/diligence/audits/2020/12/growth-defi-v1/

Built on AAVE and Compound with the following features:

- No presale
- Deflationary token (started at 1,000,000 max supply, burned down to 996,000,000 already)
- 60% of circulating supply locked in staking (10% fee to unstake, half of which goes back to the holders)
- High Liquidity on Uniswap ( https://uniswap.info/token/0x09e64c2b61a5f1690ee6fbed9baf5d6990f8dfd0))
- Multiple Autistic devs...

Only $2.5 mil Microcap

Here's your moonshot anon, Merry Christmas

A long post on a project that will tie all of Decentralized Finance in the way that is sustainable, profitable, flexible, and safe.

TLDR; There really isn’t one, sorry.

I’ll start with the important part: SAFE.
This project has had an open bug bounty since late October this year, with no critical bugs or faults found to date.
There have been some minor UI issues that have been quickly updated after the team was notified.
Not only that, but this week the Consensys Diligence audit division is wrapping up their audit of gToken contracts and PMTs (more on those later).
The Team is partially anon, and that has scared some people away, but they have a proven track record with two successful projects on IOST (PowerMine and PowerDeFi).
The non-anon team members are the UI developer, Irvollo, and the gToken contract dev Rodrigo Ferreira. If you want to learn more about them, I found out quite about just by googling.
The team has done 0 airdrops, and if they wanted to have stake in the project they bought GRO tokens on the open market with their own money like the rest of us. The dev funds are used for just that… developing the ecosystem as necessary, not for the personal gain of the developers.
There was no pre-token sale, the GRO tokens (more on that later) were first initially released in GRO/ETH liquidity pairs on Mooniswap and Uniswap.

nothing, im poor :(