Tough issues faced by security service providers in the market
According to blockchain data platform Chainanalysis, crypto scams stole $14 billion in 2021, amounting to 6%-7% of the total value locked in DeFi. Not to mention that many assaults and scams targeting regular consumers went uncounted. As security risks remain, hackers are flocking into web 3.0 to exploit vulnerabilities at a fairly low cost. More importantly, the most serious and common type of attacks are those targeting regular consumers, such as private key theft, airdrop scam, Rug Pull, phishing website/dapp, and authorization attack. However, there is no security service available to them across the crypto industry.
There is a shortage of effective security resources in the crypto scene, while existing resources are not distributed in a fair way. In addition, the handful of crypto security providers offer a limited scope of services and inefficient models.
What does Go+ look at?
Unlike audit firms and security tools, Go+ Security looks at users’ actual scenarios and needs to provide fast, precise, cost-efficient and optional security services, which are unavailable at existing crypto security providers. And that’s where opportunities lie.
The Go+ Security Engine is a brand-new security infrastructure. It has an automated detection platform to process standardized data and builds a DAO to process non-standardized data. In addition, Go+ opens its security database for users to interact with and makes each user a security information source. On top of this, it organizes and allocates security resources as needed by users to match demand and supply, maximizing the efficiency of security information exchange and creating the largest security database and security startegy database in the crypto world.
What does Go+ offer?
The service portfolio of Go+ covers all sorts of security risks that users might experience.
- Token security detection
- Smart contract detection
- On-chain data monitoring
- Risk detection during users’ interaction process
Go+ supports smart contracts built with Solidity and Rust. The token detection function has covered ETH, BSC, Arbitrum, AVAX, Polygon, and HECO, with 10,000+ projects detected. Users submit 200+ pieces of risk information on a daily basis.
•Security detection for complex smart contracts
Go+ can directly detect complex smart contracts, nested smart contracts, non-standard smart contracts, contract fragments, and non-open-source smart contracts. It provides multiple ways for user submission. Detection is fully automated, which saves time on deployment.
•Security detection for smart contracts in different sectors
Go+ has established more targeted detection strategies for smart contracts serving DeFi, NFT, GameFi, and other sectors. For example, for GameFi projects, by bridging the database and random numbers, Go+ provides alerts on possible attacks on the contract operation.
•User-oriented security detection
Go+ provides users with one-click risk token submission and subscription services to get updated risk information, providing security at every step of user transactions and operations. It also supports concurrent detection of different risks in multiple contracts and can provide security services to a large number of users at the same time.
•The most comprehensive security database
It supports a fully automated, hot-swapping detection platform and risk data submission and analysis system. The system can sensitively identify hot risks and the latest attack models to establish new security platform-oriented by user needs, which covers the complete lifecycle of the detected project.
How to ensure the functioning of Go+’s products and services
Our powerful security engine is backed by proven security experience and R&D capabilities. These are the known factors of Go+.
Aggregrating security service resources through a DAO is an innovative model and brand-new attempt. We spent a long time designing and testing the Security DAO with real users.
According to the data at hand, it is still impossible to accurately estimate the processing capacity and profitability of the DAO. A core challenge is to ensure accurate processing of non-standard data and a sufficiently attractive reward model for security providers while providing quick responses. The process testing of the DAO will start in Q2 2021.
The Go+Security Token API has been integrated into AveDex (one of the largest decentralized on-chain data platforms in China) and running at its mobile app for nearly two weeks, showing good results.
The Go+Security API has been integrated into AveDex. A summary of risky tokens detected is as follows.**
Below are the numbers of the most common types of risky tokens detected.
1）Tokens identified as scamcoin (coins that cannot be sold): 846
2）Coins with whale prevention (trade size is limited, potential scamcoin risks): 10,728
3）Coins with trading suspension (trading disabled, scamcoin in a broad sense): 1,723
4）Coins with arbitary transaction fees (scammers may arbitrarily set super high transaction fees to prevent trading and make the coin a scamcoin): 12,002
5）Token supply subject to increase
6）Tokens whose total supply are subject to increase (token supply can be modified in the contract): 10,012
7）Address blacklisting and whitelisting
8）Tokens with address blacklisting (selected addresses blocked from trading): 3,418
9）Tokens with address whitelisting (only whitelisted addresses are able to trade): 693
Go+ Twitter : linktr.ee/goplussecurity