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re: GME (Gamecoin)
Posted on 11/3/21 at 1:00 pm to slackster
Posted on 11/3/21 at 1:00 pm to slackster
https://certik-public-assets.s3.amazonaws.com/REP-Game-Coin-2021-11-03.pdf
Certik’s Game Coin report.
Certik’s Game Coin report.
Posted on 11/3/21 at 2:31 pm to okietiger13
Certik is hired to do a security audit on behalf of the actual crypto company, not as a watchdog or guardian of the customers, albeit the report serves as one and the same purpose.
Concern #11 regarding centralization is of course major. A major issue due to potential hacking and or malfeasance of controlling owners. Acknowledge but no action taken.
Concern #16 While deemed informational, it's of course critical. Sandwich attacks allow for the simplest of bots to exploit, especially since this crypto uses a market making liquidity pool with 12% slippage. The higher the slippage the more leeway to front run and crush and one could speculate makes this a very lucrative target. If it can happen on leveraged btc futures contracts, it for sure can happen here.
Concern #19 Shazam. Initial token distribution. On it's face it is a reflection of the actual transparency of the owners. Reading into variables and tying it back to the first concerns, makes it ripe to say "F me I was hacked, you're all broke".
Think of it this way: A truly decentralized coin has a plethora of stakeholders, thus critical mass in a hack is hard to obtain. That's not the case here. When one bag has a controlling share of coins, it can be hacked and cause the entire ecosystem to collapse.
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