Trusted Transparency
Commitment to Transparency
Last updated
Commitment to Transparency
Last updated
Transparency is a fundamental principle of the ShimaNest ecosystem. To build trust and credibility with the community, the core team behind ShimaNest has undergone a Know Your Customer (KYC) verification process. KYC is a process that involves verifying the identities of individuals or entities.
By undergoing KYC verification, the ShimaNest team demonstrates its commitment to accountability and reduces the risk of anonymity or malicious intent. This process provides a layer of assurance to the community that the team is composed of identifiable individuals who are willing to be held responsible for their actions.
This commitment to transparency helps to establish a foundation of trust between the ShimaNest team and the community, which is crucial for the long-term success of the project.
The security of the smart contract that governs the SHIM token and its associated functions is paramount. To ensure the integrity and reliability of the smart contract, ShimaNest is committed to undergoing smart contract audits.
A smart contract audit is a rigorous review of the smart contract code by an independent third-party security firm. The audit aims to identify any potential vulnerabilities, bugs, or security flaws in the code. This process helps to mitigate the risk of exploits, hacks, or other security breaches that could compromise the integrity of the ShimaNest ecosystem.
The whitepaper will clearly state the current status of smart contract audits. This will include information such as:
Whether an audit has been completed.
The name of the auditing firm.
A summary of the audit findings.
Links to the full audit report.
Providing this information allows the community to assess the security of the smart contract and make informed decisions about their participation in the ShimaNest ecosystem. Transparency regarding smart contract audits demonstrates ShimaNest's commitment to security and building a robust and trustworthy platform.
