general

ApeCoin community approves $4.4 million bug bounty program

ApeCoin community approves $4.4 million bug bounty program

The content site is one of the sites that provide the service of answering general questions and solving puzzles and crossword puzzles

Where the content site is primarily interested in answering your questions in all areas, including solving puzzles and crossword puzzles

Answer ApeCoin community approves $4.4 million bug bounty program

ApeCoin DAO, the independent decentralized organization responsible for overseeing the development of APE, the digital currency of the Bored Ape Yacht Club (BAYC) ecosystem, has agreed to allocate $4.4 million to conduct a bug bounty program on ImmuneFi.

According to the snapshots from the votes cast that ended today, as many as 3.9 million APEs were cast in favor of the proposal, which has been dubbed AIP-134.

The support vote ended with 57.92% compared to 42.08% for those who pledged 2.9 million APE against the proposal.

The core of the bug bounty is creating an additional security layer for the long-awaited staking ApeCoin service, which is billed to go live in December.

ApeCoin DAO wants white-hat hackers and experienced developers to help find vulnerabilities or any other easy-to-crack ways in staking smart contracts.

Read:Venezuela Creates a Decentralized Trading Platform Built on the Ethereum Blockchain

The reward, after it is approved, can be released to “ImmuneFi” with 1 million APE allocated to the reward that will be forged from the protocol locker.

The DeFi ecosystem has been subject to a lot of hacker squabbles and harassment this year.

As one of the most prestigious NFT pools, Bored Ape users have been a prime target for cybercriminals, and the company hopes the proposed bounty will help it identify bugs and vulnerabilities before launching its staking service.

Read:The CEO of Binance stated: Crypto winter is a buying opportunity

Read also:

After the adoption of the Polygon blockchain from the Instagram platform … the price of the digital currency MATIC increased

Bakkt acquires crypto company Apex…Details here


And you can ask questions on the content site through the word “Ask a question” at the top of the site, where we answer your questions in a short time

Previous post
Coinbase reports a net loss of $545 million in the third quarter of 2022
Next post
After the adoption of the Polygon blockchain from the Instagram platform … the price of the digital currency MATIC increased