GIBXSwap, a DeFi lead project, recently released an audit report on the smart contract technology code. CertiK conducted this code audit, the world’s leading blockchain security audit organization.
CertiK employs dynamic analysis, static analysis, and manual review to identify potential security risks and production vulnerabilities and has thoroughly reviewed GIBXSwap.
CertiK examined, analyzed, and deduced the structure, implementation, and general best practices of the GIBXSwap smart contract technology code. The CertiK team analyzed the entire code base based on the system, then launched the overall audit process, adhering strictly to the high standardization requirements throughout.
CertiK also used dynamic analysis, static analysis, and manual review techniques to inspect the project agreement during the audit process thoroughly. During the audit, special attention was paid to the following items:
- Evaluate all common and uncommon attack vectors against smart contracts.
- Determine whether the code base complies with current industry best practices and standards.
- Ensure that the contract logic is consistent with the design specification and design purpose.
- Refer to and compare similar industry-established structures.
- Conduct a manual review of the entire code baseline, line by line.
Following the audit, CertiK confirmed that the technical code delivered by GIBXSwap has a very high level of security and affirmed GIBXSwap’s initiative to perform security tests.
The GIBXSwap team received optimization suggestions from CERTIK, and these suggestions have been implemented in improving the codebase.
GIBXSwap is dedicated to providing the best-decentralized trading platform on the market, focusing on mainstream cryptocurrencies. The newly launched GIBXSwap will also enable liquidity mining, single currency mining, transaction mining, asset cross-chain functions, and the board of directors’ mechanism implementation.
The multi-chain DEX model will be implemented following the launch of GIBXSwap. Following the Binance Smart Chain deployment, the Huobi Ecological Chain (HECO) and Ethereum will be deployed, combining the Huobi Ecological Chain and the Binance Smart Chain with low transaction fees and ether.
The advantage of the Fang ecosystem’s prosperity is that it will support the “dual mining mechanism” of liquid mining and transaction mining, allowing it to achieve the maximum drainage effect and high-quality user experience.
Simultaneously, it will promote the benefits of low slippage, high speed, safe funds, and optimal prices to seize the market quickly.
Binance Labs has invested millions of dollars in CERTIK, a US blockchain security audit company. It was founded by scientific research teams from Yale University and Columbia University. It offers code security audit services for blockchain applications and smart contracts using “deeply standardized” formal verification technology.
It also uses formal verification technology to provide the highest level of code security for smart contracts, blockchain applications, and protocols. It has performed security audits for well-known projects like Binance.
GIBXSwap places a high value on blockchain security protection. While strengthening the project’s security, it has introduced CertiK to entrust it with conducting security code audits on smart contracts to ensure the project’s smooth operation.
GIBXSwap is dedicated to removing security risks from every link. Their ambition is to become the DEX platform’s gold standard. They hope to become the leading DEX platform in the token exchange market through high-quality products and services, providing real value and fairness for decentralized finance.
