The collapse of several projects has characterized the 2022 crypto market with different entities emerging as cusualities of the bearish environment. Therefore, there has been an increasing call for auditing existing projects on different elements such as security and finances.
Despite the bearish conditions, the market has continued to attract new projects that aim to win investor interest. In this line, a recognized smart contract auditing platform CertK has released the list of recently audited new crypto projects ranking them based on trust score as of December 30.
Below is a breakdown of the top five new crypto projects with the highest audit scores:
1. CryptoUnity
The crypto exchange platform ranks top with a trust score of 89. The project powered by the native token of CUT seeks to make it easier for individuals to participate in the cryptocurrency industry. Notably, the platform features a mobile application with a cold wallet, crypto exchange, and non-fungible tokens (NFT) marketplace. According to the security audit, CryptoUnity’s team identity was verified with the trust score placing the project in the top quartile among all projects.
2. Calimero Network
The privacy-preserving project recorded a trust score of 87, with the audit noting that the network is relatively decentralized. The network works as a privacy-preserving sharding solution on the Near blockchain, allowing scaling and privacy. Through the platform, users can connect to private or public blockchain applications like decentralized finance (DeFi), NFTs, and on-chain KYC without impacting their privacy.
3. Fintoch
The blockchain-centered financial services platform earned a rating of 87 from the security audit. The audit process that identified no glaring issues in the project also concluded the ecosystem is relatively decentralized. The network serves as peer-to-peer blockchain financial platform offering services such as loans and fund investments.
4. Core DAO
The Core DAO network received a score of 86, with auditors stating that 25% of identified security issues had been solved by the time of publishing. It’s worth noting that Core DAO is the official decentralized organization developing the Satoshi Plus Ecosystem. The Web3-focused system aims to build the infrastructure and promote public chains on Bitcoin’s Proof-of-Work (PoW) chain.
5. FintruX Network
The DeFi project built on the Ethereum (ETH) blockchain has a trust score of 83. The ecosystem powered by the FTX token works as an innovative smart contract solution for underserved startups and medium enterprises seeking to offer resources and solutions for business growth and sustainability.
Notably, despite recording high trust scores, new crypto projects still have a long way to go to establish themselves in the market. Like other projects, success for new entities is not guaranteed as they are susceptible to external factors like regulations and general market movement.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
