November 9, 2021 [LAS VEGAS] – In keeping with its core mission of transparency, NSUR Inc today published its first independent audit results.
The security assessment conducted by CertiK, a pioneer in blockchain security, was commissioned by NSUR to discover issues and vulnerabilities in the source code of the NSUR Coin project as well as any contract dependencies that were not part of an officially recognized library.
CertiK utilizes the best-in-class AI technology to secure and monitor blockchain protocols and smart contracts.
“We engaged CertiK to perform this audit not only to ensure we maintain the highest level of security standards and industry practices,” said Mark Peters, CEO of NSUR Inc. “but to also give our users the peace of mind that their engagement in our platform have yet another layer of protection.”
CertiK issued 14 findings in its audit of NSUR Coin’s test contract, all of which have since been addressed or acknowledged by NSUR in the final version of the contract. Half of the findings from CertiK were simply of an informational nature.
“We are very happy with the results of the CertiK audit, as it gave us an opportunity to have fresh eyes on our code, and many of the findings they shared were anticipated based on our business strategy,” said Jorge Arteaga, CTO of NSUR Inc. “Their commentary not only gives us confidence that NSUR Coin’s code is extremely secure, but their findings also provide confidence in the company’s overall strategy.”
The podcast covers everything from preventing over-regulation, to easing fears of new users and preparing for everything to be digitized. Bethel joined Mark Peters, NSUR Inc CEO and podcast host, this week to discuss how to ensure the future of Cryptocurrency.
“I think if you have a lot of speculation… and people lose a lot of money, it’s only going to encourage the regulators to take a ham-fisted approach, and…. Fix it by banning stuff.” Bethel declared.
He continued, “So I think… it’s incumbent upon the crypto community, to have products that make sense. That are not designed to be scams and, and to be speculative, but rather serve a real purpose.”
NSUR Tokenomics and Contract
There are four key aspects of NSUR Coin’s tokenomics that make it noteworthy.
First, NSUR Coin is a deflationary token. When NSUR Coin is used to complete a transaction through one of NSUR’s merchants, part of the total supply is erased, making the token scarcer as time goes on.
Second, NSUR Coin is a protected token. The Value Protection Program covers the initial NSUR Coin purchase value for two years.
Third, NSUR Coin is rewarding. NSUR Coin token holders will be rewarded simply for holding the token. Moreover, the whole community will be rewarded in the long-term as NSUR Coin’s reward tax will fuel NSUR’s Loyalty Reward Program.
Finally, to ensure transactions are smooth, fast, and secure, NSUR Coin’s liquidity pool will be replenished with every transaction.
NSUR Coin’s contract employs a static reward system — 10% of every transaction is split into multiple parts:
- 3% is used to fuel the liquidity pool
- 2% is used to reward token holders for behavior and given to charities decided by the community
- 3% is used to fund future Value Protection Program sales events
- 1% is distributed to all token holders
- 1% is erased forever
About NSUR Coin Value Protection Program
The Value Protection Program covers the initial NSUR Coin purchase value for two years. At the end of two years, any lost value can be reclaimed on the NSUR website. The program is built around transparency.
Funds backing the Value Protection Program will be managed by a third-party wealth management firm and audits will be performed by a separate third-party accounting firm and available for review on the NSUR website.
In addition to buying token, NSUR Coin is a reward token which allows community members to earn reward token through several options that include growing the community, gaming, taking surveys and other transactions in the market. ‘
CertiK’s full report about NSUR Coin has been published on their website. You can also find the report and additional comments from NSUR on www.nsurcoin.com/certiK.