Cocos-BCX Ecological DeFi+NFT project CROSWAP has passed the security audit of Knownsec

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News:

On September 26th(UTC +8),2020,the CROSWAP smart contract, the first DeFi+NFT project in the Cocos-BCX ecosystem developed by Cocos-BCX ecological Builders and Angels CROSWAP Team, passed the Knownsec security audit, and the security status was five-star security.

CROSWAP is the first DeFi+NFT decentralized AMM token exchange protocol of Cocos-BCX Ecological Investment. It was launched on September 22nd(UTC+8),2020.CROSWAP.COM pioneered the LP NFT decomposition synthesis model. The LP Token obtained by users will be upgraded from FT to LP NFT based on the COCOS-1808 non-homogeneous digital asset standard. LP NFT supports decomposition and synthesis, and can be linked with DApps, giving DeFi and NFT more usage scenarios and imagination.

Knownsec was founded in 2007 and received a large-scale strategic investment from Tencent in 2015. It has nearly a hundred domestic first-line security talents, including China Merchants Bank, CITIC Securities, GF Securities, Tencent, JD.com, Toutiao, Sina Weibo, TikTok, Bitmain, Huobi.com, Hexun.com, Yunnan Satellite TV, etc. are all customers of well-Knowing。

Article:

On September 26th(UTC+8),2020,the CROSWAP smart contract, the first DeFi+NFT project invested by Cocos-BCX Ecosystem, passed the Knownsec security audit, and the security status was five-star security.

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CROSWAP knows knownsec’s comprehensive analysis of common vulnerabilities in smart contracts

In the security audit of knownsec,CROSWAP passed the comprehensive analysis of common vulnerabilities of smart contracts by knownsec engineers, including non-null verification, coding standard detection, numerical overflow detection, access control defect detection, return value call detection, error in tests such as the use of random number detection, transaction sequence dependency detection, denial of service attack detection, logic design defect detection, false recharge vulnerability detection, additional token issuance vulnerability detection, and frozen account bypass detection, the comprehensive evaluation is passed.

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Knownsec was founded in 2007 and received a large-scale strategic investment from Tencent in 2015. It has nearly a hundred domestic first-line security talents, including China Merchants Bank, CITIC Securities, GF Securities, Tencent, JD.com, Toutiao, Sina Weibo, TikTok, Bitmain, Huobi.com, Hexun.com, Yunnan Satellite TV, etc. are all customers of well-Knowing.

CROSWAP: The industry’s first to upgrade LP Token to LP NFT

CROSWAP is the first DeFi+NFT concept project on the chain game head project Cocos-BCX. In addition to the functions that can be supported by conventional Swap projects, the biggest innovative feature is to support the upgrade of LP Token to LP NFT and conduct “NFT liquidity mining”.

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Based on the COCOS-1808 standard, after LP Token is upgraded to LP NFT, in addition to the pledge function, it also supports decomposition and synthesis, and can also be linked with DApp, so that DApp, NFT, and DeFi can mutually confer usage scenarios and liquidity.

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The above picture shows the LP NFT of the COCOS-LWT trading pair. LWT is one of the CROSWAP projects and the first token to inject liquidity into CROSWAP. The main body of the project is the development team of “Crypto Knights” and “The Dragon Must Die” Chainplay, and LWT is also the “dividend token” in “Crypto Knights” and “The Dragon Must Die”.

Cocos-BCX “Initial Mine” CFS: Combination of Lossy Mining and Zero Luck

The CROSWAP project that was launched at the same time as LWT is CFS, which is known as the “initial mine” of Cocos-BCX. The full name of CFS is Cocos Financial Share, 1,2096,000, no over-issued, no pre-mining. At present, 2 blocks are issued every second, and each block is issued with 1 coin. 95% of the tokens enter the mining pool, and 5% of the tokens are reserved for the foundation. CFS reduces production by 10% every 1,209,600 blocks and once a week.

The project team is boom.game, an early eco-partner of COCOS, and is the winner of the 2019 Dora Hacks blockchain application COCOS competition field award. The representative work “crypto tank”, etc., the team’s developers have an Ali background.

There are two main features of the CFS project. One is to use NFT as a collateral for mining, and it also supports Token single mining.

The second is to manually set the handling fee. For every 1% of the handling fee, the pledge amount can be increased by 10 times and the mining weight can be increased.

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It should be noted that the handling fee is calculated by the second every day. When withdrawing or redeeming, it is settled once. The handling fee will be credited to the coswap-moon account. Coswap-moon will purchase CFS from croswap and destroy it from time to time.

About Cocos-BCX

Next-Gen Digital Game Economy. Game engine, IDE and blockchain for decentralized game development. Website: cocosbcx.io

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