HATS Finance, Decentralized Cybersecurity Gateway Built on Ethereum Launches Protocol Protection Mining Yield Farming

By October 13, 2021DeFi
Click here to view original web page at cryptomode.com
CryptoMode HATS Finance

Hats.Finance, a decentralized cybersecurity incentive protocol, announced plans to launch their first protocol protection mining yield farming operation (PPM). Hats Finance, a protocol built on Ethereum, the world’s largest blockchain, aims to create a base layer standard for the next generation of Defi projects, large and small, by providing these projects with the ability to secure their smart contracts by placing bounties with their native tokens.

The benefit of Hats Security bug bounty is that “it does not cost anything unless there is a disclosure that could have been a lot more costly if the program did not exist,” the Hats team explained.

Hats believes that incentivized security is the future of cybersecurity because it is consistent with the culture and development practices of Web3. According to the official announcement from the Hats team, “the unique scalability Hats offer is that as the project grows in success and value, so will the bounties offered by the protocol.” Furthermore, Hats believe that a decentralized ecosystem like theirs will attract those who can offer their services, such as white hat hackers, auditors, security experts, and even black hat hackers, if enough incentives are provided.

ethereum price rising Launchpad Tokens

Launchpads play a crucial role in the future of cryptocurrency and blockchain technology. Through these platforms, up-and-coming projects can raise funding, build their community, and unlock other benefits. The following five launchpad tokens noted substantial gains this week, hinting at a potentially brighter future.

Gamezone (GZONE)

No one can deny the popularity of blockchain gaming in the industry today. Players want an all-you-can-eat buffet of games and expansions across different blockchains. They can now achieve that goal through GameZone, a blockchain gaming-oriented launchpad by the BlueZilla team. As a result, the native GZONE token notes a 64% gain this past week, bringing its market cap to $54.8 million.

Starter.XYZ (START)

Starter.XYZ is a launchpad for projects across BSC, Polygon, Ethereum, Fantom, and Avalanche. All of these ecosystems offer numerous benefits to developers, making them worthwhile to explore. The incubator and investor network has helped several dozen projects raise money to date. START, the native token, notes a substantial 62% gain this past week, pushing the market cap to just below $8 million.

Velaspad (VLXPAD)

All Today's Crypto News In One Place