With a security score of 93.

19 Sep 2023, 16:38

With a security score of 93.91, #Floki currently holds the 30th position out of 3,155 #crypto projects that are audited by @CertiK . With Certik being the world's leading smart contract auditor, this score is a significant deal that affirms Floki's long-term viability. But what does this score mean, and what criteria are considered in its calculation? Let's take a closer look! When we examine Floki's Certik page, we can see 6 categories, each with their own score: ✓ Code security — 91.40 ✓ Fundamental health — 86.65 ✓ Operational resilience — 93.20 ✓ Governance strength — 92.35 ✓ Market stability — 96.49 ✓ Community trust — 98 1. Code security Code security is an important aspect in any #blockchain project and should not be taken lightly. It's the foundation for building trust and making sure things run smoothly. Certik audits 15 smart contracts for Floki, most notably FLOKI.SOL. During an audit, Certik experts take into consideration how well the code follows best coding practices (e.g. DRY and SOLID), how the code is structured, and how prone it is to vulnerabilities. Floki scores a solid 91.40 out of 100 in this category, indicating that Floki's smart contracts are properly structured, secure, and compatible with the industry's best practices. 2. Fundamental health The fundamental health looks at how likely it is for Floki to succeed in the long run. It checks if the project is solving an important problem, and how good the solution is. With a score of 86.65 out of 100, Floki ranks in the top 10 percentile. It's fundamentally strong and will continue to get stronger, especially with the integration of projects such as "Project TL", "University of Floki", and the ever-evolving token locker @FlokiFi . 3. Operational resilience Operational resilience measures how well Floki can handle stress and problems that come with increased scaling and adoption. Floki lives on #Ethereum and the #BNB chain, which means that a part of this resilience (e.g. transaction speeds, network bandwidth, blockchain scalability) are reliant on the efficiency of these blockchains. Therefore, it's important to be a multi-chain token. Floki could potentially expand to even more blockchains in the future. Operational resilience does look into the Floki ecosystem as well. It indicates how well the subprojects, such as #FlokiFi and #Valhalla, are interconnected and how well they integrate the Floki token. Other than these, operational resilience overlaps with the categories "Governance strength" and "community trust". Floki scores a solid 93.20 out of 100 in this category and is therefore positioned strongly for increased adoption, scalability and further growth of the ecosystem. 4. Governance strength Strong governance is another crucial aspect for determining the success and trustworthiness of a crypto project. Floki scores an impressive 92.35 out of 100, indicating that it maintains transparency in its operations and decision-making processes. It also suggests strong engagement with the Floki community, efficient conflict resolution, and long-term planning! As Floki gradually shifts to a #DAO, transparency and community involvement will keep increasing, while governance will become more decentralized and automated. 5. Market stability Market stability evaluates how well Floki can survive in this highly volatile cryptocurrency market. This category examines factors like trading volume, liquidity, and market penetration. With a score of 96.49 out of 100, it signifies that Floki holds a robust standing in the market and is less susceptible to extreme volatility. It also implies a strong level of market adoption. 6. Community trust Community trust is where Floki shines even brighter. The trust and engagement level of the Floki community have always been the foundation upon which the ecosystem was built. Floki scores a nearly perfect 98 out of 100 in community trust, which is not surprising when looking at: ✓ The vibrant activity on Floki's social platforms ✓ Chats and vibe sessions on Telegram and Discord ✓ AMAs — /RealFlokiInu/status/1692084137920807123 ✓ "Goin' to Valhalla" Twitter Spaces — /RealFlokiInu/status/1691857153542291586 ✓ "Weekly Recap" Twitter Spaces — /RealFlokiInu/status/1703091140415610986 ✓ "Whale Watching" Twitter Spaces — /RealFlokiInu/status/1702728817205284922 ✓ Valhalla streams on Twitch — /RealFlokiInu/status/1703375863788540396 ✓ The charity initiatives, such as Earthquake relief efforts in Turkey — /RealFlokiInu/status/1651639978533814272 ✓ Singing competitions — /RealFlokiInu/status/1700796511603314710 ✓ Marbles on Streams competitions —/RealFlokiInu/status/1659536420824924162 ✓ Meme contests and quizzes — /RealFlokiInu/status/1653759475201785856?t=Go_bN6caLxhgJoiuo_GpCg&s=19 ✓ The Floki Ultras competitions —/RealFlokiInu/status/1648045508114501654 ✓ Valhalla Clans event — /RealFlokiInu/status/1702007296698761608 ✓ ... and so much more! These are a testament to how deeply the Floki project resonates with its community. It sets a high standard for what community engagement should look like in the crypto space. 7. Conclusion Floki is well-rounded in ALL categories of the Certik audit, positioning it strongly in an increasingly competitive crypto landscape. Floki isn't stopping at this point though; the project is committed to improve its score even further and is taking Certik's advice to heart! Mitigating and resolving any issues found are of high priority. The people will continue to be the backbone of Floki's success and long-term stability. The trust earned from the people provides a strong foundation upon which governance, operational resilience, and market stability can be built! #TeachMeTuesday

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Floki InuFLOKI #52

19 Sep 2023, 18:02

⚔️ Coming up in "Goin' to #Valhalla with #Floki": ✓ Valhalla Clans Assemble: logo rules ✓ Upcoming Valhalla trailer ✓ More Valhalla leaks ✓ Floki ecosystem updates ✓ Q&A ✓ ... and more ⏰ Join our Telegram on Wednesday, September 20th, at 5PM UTC:

Coming up in "Goin' to #Valhalla with #Floki":. ✓ Valhalla Clans Assemble: logo rules. ✓ Upcoming Valhalla trailer.