The collapse of several projects has characterized the 2022 crypto market with different assets emerging as the anomalies of the bearish environment. Therefore, there has been a growing call for existing projects to be audited on different aspects such as security and finance.
Five new crypto projects with the highest audit trust scores in 2023!
Despite the bearish conditions, the market continued to attract new projects aimed at attracting investors. Accordingly, CertK, a well-known smart contract auditing platform, has published a list of recently audited new crypto projects, sorted by trust score, as of December 30.
Top five new crypto projects with the highest audit trust scores. Source: CertK
Below is a breakdown of the top five new crypto projects with the highest audit scores:
1. Crypto Union
The crypto exchange platform ranks first with a trust score of 89. Supported by native token CUT, the project aims to make it easier for individuals to join the cryptocurrency industry. The platform has a mobile application, especially with a cold wallet, crypto exchange and non-fiscal token (NFT) market. According to the security audit, CryptoUnity’s team identity was verified with its trust score, which placed the project in the first quarter among all projects.
2. Calimero Network
The privacy-preserving project recorded a trust score of 87, and the audit noted that the network is relatively decentralized. The network works as a privacy-preserving sharding solution on the Near blockchain, enabling scaling and privacy. Through the platform, users can connect to private or public blockchain applications such as decentralized finance (DeFi), NFTs, and on-chain KYC without affecting their privacy.
The blockchain-based financial services platform received 87 points from the security audit. The audit process, which did not identify any glaring problems with the project, also concluded that the ecosystem was relatively decentralized. The network serves as a peer-to-peer blockchain financial platform that offers services such as loans and funds investments.
4. Core DAO
The core DAO network scored 86, with auditors stating that 25% of identified security issues had been resolved by the release date. It is worth noting that Core DAO is the official decentralized organization that developed the Satoshi Plus Ecosystem. The Web3-oriented system aims to build the infrastructure and support public chains in Bitcoin’s Proof-of-Work (PoW) chain.
5. FintruX Network
Built on the Ethereum (ETH) blockchain, the DeFi project has a trust score of 83. The ecosystem powered by the FTX token works as an innovative smart contract solution for underserved startups and midsize businesses looking to provide resources and solutions for business growth and sustainability.
Notably, despite registering high trust scores, new crypto projects still have a long way to go to establish themselves in the market. As with other projects, success is not guaranteed for new organizations as they are sensitive to external factors such as regulations and general market movement.
Disclaimer: The content on this site should not be considered as investment advice. Investment is speculative. When investing, your capital is at risk.