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Advertise Your Stuff / Re: Amulet protocol | AmuNation APP | Web 3 Cover |
« on: September 28, 2022, 12:29:38 PM »
Amulet Protocol
Preparations for the launch of Amulet Mainnet are well underway, and the launch date has been announced
The official launch of Amulet Mainnet is set for September 29, 2022. The team introduced Amulet back in April, along with the announcement of a $6 million seed funding round.
In August, the team successfully launched the AmuNation app, a gamified bounty, a test network, and then an audit report was released. After this initial success, preparations are now underway for a mainnet launch, as mentioned above, which coincided with a launch party on token 2049 in Singapore.
What you need to know.
Amulet is focused on providing simple and reliable coverage for everyone in Web3, which comes with maximum protection and returns that are also fully protected with protocol-controlled reserves (PCR). In fact, less than 5% of digital assets in this industry are protected. Therefore, Amulet Protocol provides additional security for digital assets with various solutions such as smart contract vulnerability, de peg stable coins, and is also preparing to provide NFT coverage.
Moreover, users can bet with confidence through Amulet. The Amulet protocol has three layers of protection — between claims and assets. Betting is simple and, more importantly, it comes with a very high level of security. The Amulet protocol is additionally based on the innovative use of the latest and most relevant advanced technology. Hybrid claim management provides full automation in situations such as the stable coin cancellation trigger, resulting in payouts. The DAO Amulet Protocol model also handles claims payouts.
Past achievements and future goals
Amulet has achieved many notable accomplishments to date. For example, it has a very active and engaged community that has grown to 25,000+ people. This community, known as AmuNation, is also largely responsible for the success of the testnet. Other accomplishments include Amulet’s unique coverage model, the audit, the announcement that it was the first coverage protocol on Solana, and the aforementioned $6 million raised through seed funding led by Gumi Cryptos Capital.
As for future goals, the team will focus on launching and then becoming a multi-chain with the hope of becoming the largest coverage protocol in all of Web3 by this time next year. The full plan is available at any time via the official roadmap.
About Amulet.
Amulet is a decentralized risk protection protocol for the Rust-based ecosystem that was first implemented on Solana. Decentralized risk protection protocols provide financial security for all users of Web3 financial products. They include smart-contract risk, de-peg stablecoin risk, slashing risk, oracle failures, economic exploits, and so on. The risk of smart contract exploits is particularly high, with more than $3 billion lost in smart contract hacks in 2021 alone. Amulet provides protection against these most common types of DeFi risks, as well as NFT and meta-universe offerings, allowing users and developers to enjoy a more secure and relatively risk-free Web3.
Currently, risk management solutions are still relatively uncommon on Solana and Rust-based ecosystems in general, giving Amulet a unique market opportunity. Therefore, Amulet is actively developing the industry’s first PCR risk management approach. This represents a significant departure from the previous underwriting capital lease model.
Preparations for the launch of Amulet Mainnet are well underway, and the launch date has been announced
The official launch of Amulet Mainnet is set for September 29, 2022. The team introduced Amulet back in April, along with the announcement of a $6 million seed funding round.
In August, the team successfully launched the AmuNation app, a gamified bounty, a test network, and then an audit report was released. After this initial success, preparations are now underway for a mainnet launch, as mentioned above, which coincided with a launch party on token 2049 in Singapore.
What you need to know.
Amulet is focused on providing simple and reliable coverage for everyone in Web3, which comes with maximum protection and returns that are also fully protected with protocol-controlled reserves (PCR). In fact, less than 5% of digital assets in this industry are protected. Therefore, Amulet Protocol provides additional security for digital assets with various solutions such as smart contract vulnerability, de peg stable coins, and is also preparing to provide NFT coverage.
Moreover, users can bet with confidence through Amulet. The Amulet protocol has three layers of protection — between claims and assets. Betting is simple and, more importantly, it comes with a very high level of security. The Amulet protocol is additionally based on the innovative use of the latest and most relevant advanced technology. Hybrid claim management provides full automation in situations such as the stable coin cancellation trigger, resulting in payouts. The DAO Amulet Protocol model also handles claims payouts.
Past achievements and future goals
Amulet has achieved many notable accomplishments to date. For example, it has a very active and engaged community that has grown to 25,000+ people. This community, known as AmuNation, is also largely responsible for the success of the testnet. Other accomplishments include Amulet’s unique coverage model, the audit, the announcement that it was the first coverage protocol on Solana, and the aforementioned $6 million raised through seed funding led by Gumi Cryptos Capital.
As for future goals, the team will focus on launching and then becoming a multi-chain with the hope of becoming the largest coverage protocol in all of Web3 by this time next year. The full plan is available at any time via the official roadmap.
About Amulet.
Amulet is a decentralized risk protection protocol for the Rust-based ecosystem that was first implemented on Solana. Decentralized risk protection protocols provide financial security for all users of Web3 financial products. They include smart-contract risk, de-peg stablecoin risk, slashing risk, oracle failures, economic exploits, and so on. The risk of smart contract exploits is particularly high, with more than $3 billion lost in smart contract hacks in 2021 alone. Amulet provides protection against these most common types of DeFi risks, as well as NFT and meta-universe offerings, allowing users and developers to enjoy a more secure and relatively risk-free Web3.
Currently, risk management solutions are still relatively uncommon on Solana and Rust-based ecosystems in general, giving Amulet a unique market opportunity. Therefore, Amulet is actively developing the industry’s first PCR risk management approach. This represents a significant departure from the previous underwriting capital lease model.