Klaystar Luanches Fundsafe Solution to Prevent Blockchain Rug-pull
Blockchain Escrow Service FundSafe
Blockchain project builder Klaystar announced on the 21st that it will launch a ‘FundSafe’ blockchain escrow solution.
SEOUL, SOUTH KOREA , Dec. 28, 2022 /EINPresswire.com/ — Blockchain project builder Klaystar announced on the 21st that it will launch a ‘FundSafe’ blockchain escrow solution.
Fundsafe has a structure where the project group’s funds, tokens and token rights are transferred to a third party, the Fundsafe Contract, and each project holder (DAO) must approve it through voting in order to use it. Klaystar explained that this is a combination of custody and management functions in the escrow service.
By using Klaystar’s FundSafe Escrow service, the project group’s △ Disappearance △ Sale of tokens at market price △ Token security loan △ Unilateral and unreasonable liquidation △ Other embezzlement, embezzlement and reckless management can be solved.
The regulatory method, such as requiring only the IEO method to be allowed, rather centralizes authority, causing new problems such as DAXA in this Wemix crisis to decentralize authority. so it is
The platform only helps in the process of achieving consensus between the project team and the DAO, protects investors, and further, with the continuous supply of project funds, FundSafe is a solid and robust De-Fi and blockchain bank, and through the combination of voting functions, so-called ‘global governance’ It means realization of ‘.
Ahn Young-dae, CEO of Klaystar, said, “Currently, all projects are conscience-based and there is no safety device, so breach of trust and embezzlement are possible, so conscience soon turns to greed.” The project started.”
Klaystar was selected as a resident company in the second Seoul Fintech (Blockchain) Lab and plans to trial Fund Safe within the next month.
In addition, FundSafe is conducting an airdrop to commemorate the launch. Anyone can participate in the airdrop event on Gleam.
Luna Jeong
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