Post
Topic
Board Tokens (Altcoins)
Re: [ANN]Venice Swap ICO - (VENICE) - One-Stop Experience Exchange and Swap
by
BitcoParty
on 31/01/2022, 22:58:56 UTC
Since there are just two days left which is not a lot, you should perhaps consider two things to increase your potential success in the public ICO:

  • Trust is a big deal, especially with all the scams around. You should make public the name of the auditor that reviewed your project. I know you mention in the whitepaper it is available on request if an NDA is signed, but still it would boost the trust factor. Auditors shouldn't have a problem with disclosing their name if they followed all the correct audit procedures as per the audit standards. There are enough disclaimers in audit reports to protect them. Hiding their name makes potential investors wonder why the audit firm does not want to be publicly associated with the project
  • If you have audited your smart contract you should also publish the results and who performed the audit.

Just a note, a lot of people cannot afford ETH anymore and are moving away from ETH to cheaper chains. ETH should always remain, but if you want volumes perhaps another cheaper platform would have been better, purely from a transaction fee perspective.

The mentioned audit was relative to the application framework used also in the development of our applications, but not only for that and we can’t disclose more than what we already published without breaching existing contract and privacy constraints. As regards the smart contract it was built on the base of Open Zeppelin contracts that are constantly and publicly audited. As regards cross-chain, VENICE is already available also on Polygon network and also will be our DeFi app in a reasonable time
If it is available on polygon then we do not worry for the transaction fees and do not worry that it is not available on any other platform because polygon is enough for all of us in this time when the transaction is high for ethereum and others.