ChainGPT: A Top Contender in CertiK Security and DEX Liquidity Excellence

ChainGPT, a leader in the AI and Web3 arena, has made an impressive mark by securing a place in the top 50 out of thousands of Web3 projects in CertiK’s Skynet comprehensive security evaluations. This distinction highlights ChainGPT’s steadfast commitment to security and operational excellence in the blockchain sector, with scores consistently landing it in the top 10% across various critical categories. Adding to this achievement is ChainGPT’s outstanding liquidity health on DEXs like ApeSwap and PancakeSwap, a key factor that further solidifies its position in the blockchain ecosystem.

SOURCE: HTTPS://SKYNET.CERTIK.COM/PROJECTS/CHAINGPT

‍CertiK’s evaluation of ChainGPT includes a comprehensive analysis across multiple categories:

1. Code Security: Scored 90.77, placing it in the top 10% of projects evaluated.

2. Fundamental Health: Achieved a score of 93.85, indicating strong underlying health and also in the top 10%.

3. Operational Resilience: Scored 92.76, reflecting robustness in operational aspects, again in the top 10%.

4. Governance Strength: Rated at 91.10, placing it in the top 20%.

5. Market Stability: Achieved a score of 89.30, in the top 15%.

6. Community Trust: Scored 91.84, underlining strong community confidence and in the top 15%

CertiK, is a leading provider of blockchain and smart contract security solutions. It’s known for being the first Web3 security auditing firm to achieve SOC II certification, a rigorous standard defined by the American Institute of Certified Public Accountants (AICPA) for the security of customer data. CertiK leverages AI technology to protect and monitor blockchain protocols and smart contracts, having secured over $360 billion worth of digital assets and detected nearly 70,000 vulnerabilities in blockchain code. Its clients include major projects like Aave, Polygon and BNB Chain.

Impressive Liquidity Health on DEXs:

ChainGPT’s outstanding performance in CertiK’s security evaluation not only highlights its commitment to robust security measures but also lays a solid foundation for its financial health, as evidenced by its liquidity status on DEXs like ApeSwap. The confidence instilled by its top tier security ratings directly translates into its strong presence and reliability in decentralized exchanges, ensuring a stable and trustworthy environment for liquidity providers and traders alike.

On ApeSwap, the liquidity health of ChainGPT is particularly impressive, as it maintains control over 98.5% of its liquidity. This amounts to more than $1.84 million, underscoring the project’s strong financial foundation and trust within the community.

SOURCE: APESWAP FINANCE — CGPT

‍The Importance of Majority Ownership in Liquidity Pools

Having majority ownership in a token’s liquidity pool is crucial for several reasons. It ensures sufficient liquidity for smooth trading, thus reducing price volatility and slippage. This makes the token more appealing to traders. Furthermore, it allows the project to incentivize liquidity providers, enhancing the token’s liquidity and the efficiency of the DEX. This ownership also mitigates the risk of impermanent loss and enables the project to participate in governance decisions, empowering the community.

Positive Implications of Majority Ownership

Majority ownership in the liquidity pool brings several benefits:

Market Stability: It allows the project to manage token price and curb excessive volatility, especially crucial during market uncertainties.
User Confidence: A substantial liquidity pool indicates the project’s long term commitment, boosting investor and user confidence.
Reduced Reliance on Third Parties: This independence from external market makers and exchanges can lead to lower fees and better control over token distribution.
Enhanced Governance: It gives the project greater influence in token governance, facilitating effective implementation of changes.

Conclusion: The Significance for ChainGPT and $CGPT Holders

ChainGPT’s high ranking and positive stats on CertiK, coupled with the excellent health of its liquidity pools on ApeSwap and PancakeSwap signify its commitment to security, stability, and reliability in the world of Web3 and decentralized finance. For ChainGPT and holders of its token, $CGPT, these achievements are of paramount importance, reinforcing their confidence in the project’s long term potential and trustworthiness. As the blockchain industry continues to evolve, ChainGPT stands as a promising and trustworthy choice for those navigating the dynamic landscape of Web3, AI and DeFi.

About ChainGPT

ChainGPT is the leading provider of AI-powered Infrastructure for the crypto, blockchain, and Web3 industry. From automated smart contract generation and auditing, to autonomous community management, advanced Web3 AI chatbot, AI-powered news aggregation, AI Trading Assistant and NFT generation, ChainGPT is the most sophisticated, end-to-end AI solution on the market.
To learn more about ChainGPT AI Tools, we invite you to visit the ChainGPT use-case page.
‍

Disclaimer

Source:
https://www.chaingpt.org/blog/chaingpt-a-top-contender-in-certik-security-and-dex-liquidity-excellence