What Is Token Vesting?

Token vesting is a process by which the distribution of tokens is delayed over a certain period. This is often used to align the interests of token holders with those of the project by ensuring that the individuals or entities granted tokens are incentivized to work toward the project's long-term success. A practical example of token vesting would be a startup issuing tokens to its employees. Instead of allowing the employees to sell their tokens on the open market immediately,…

What are Token Standards?

Token standards are protocols for representing digital assets on the blockchain. Some examples of token standards include ERC-20, BEP-20, ERC-721, TRC-20, and OMNI. These standards define a token contract's functions and characteristics, such as how the tokens can be transferred and what information they transfer. In addition, different blockchain platform applications allow different tokens to be easily exchanged and understood. The Difference Between Coins and Tokens Coins and tokens are both types of digital assets that are built on top…

What are Smart Contracts?

Smart contracts are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code. The code and the agreements contained therein are stored and replicated on a blockchain network. Smart contracts allow for the automation of contract execution and enforcement, enabling the creation of trust between parties without the need for intermediaries. In addition, they can be used to facilitate, verify, and enforce the negotiation or performance of a contract. Here's how…

How Smart Contract Audit Protect Users’ Wealth

As the crypto industry grows, so does the need for reliable and secure smart contracts. As a result, smart contract audits are becoming increasingly crucial in crypto, as they protect users' wealth by identifying and correcting contract errors. Of course, anyone can perform audits, but choosing a reputable auditor who understands the blockchain sector well is essential. Timing is also critical - audits should always be a priority for crypto projects.  The Purpose of a Smart Contract Audit The first…