AnonyDoxx is creating security in DeFi with Vault-Verification
United States - January 2, 2022 —
Despite the lack of transparency and prominence of pseudonymity in DeFi the industry continues to grow at a rapid pace. The awareness and practice of using caution for investors is simply not adequate enough for building decentralized financial markets.
As increased awareness of fraud, security risks, self-dealing and corruption are common equations within the world of DeFi the prevalence for structural security is inherent. In order to prevent fraud AnonyDoxx built a Vault-Verification Protocol aimed to protect business entities and investors alike. Through a set of conduct expectations and a functional enforcement protocol they virtually eliminate human, structure, and KYC risk from potentially profitable investments.
AnonyDoxx provides a platform and portal that jump-starts projects whether they’re verified currently or using the $ADXX Vault Verification Protocol.
DeFi continues to see an influx of not only money but overall interest. Security is a common concern as DeFi is designed to replace exchanges, investment firms and banks. The market growth has been so substantial that fraud has become more common and can be abundant if not addressed in a secure manner. Blockchain forensics entity CipherTrace, has contributed evidence around the security risks of DeFi.
By the end of July 2021, major crypto thefts, hacks, and frauds totaled $681 million. While this number continues to be dwarfed by previous years’ highs, a breakdown of the types of thefts and fraud confirms a trend observed at the beginning of last quarter—DeFi-related crimes continue to grow quarter over quarter, with Q2 2021 netting criminals new highs in DeFi-related proceeds. - Ciphertrace
Using the AnonyDoxx launch-pad project owners will have access to investors through Vault Verification. For investors, they certify the project ultimately mitigating the risk of fraud.
The AnonyDoxx novel token launches on 1/3/2022. To learn more about $ADXX, visit their website.
About AnonyDoxx
At AnonyDoxx, they thrive on releasing industry-standard protocols that protect companies and investors alike. Their United States based team has experience across industries and platforms bringing security and peace of mind across an ever-growing industry. Their passion for security and confidential data, building consumer-centric software solutions and providing a strong vault-like protocol drives shareholders and investors.
For updates visit their website: www.anonydoxx.io and follow them on Reddit and Telegram.
“AnonyDoxx is creating structure around otherwise decentralized projects and has built a security protocol to secure investors. They provide a new security standard giving projects access to savvy investors who want security. The AnonyDoxx roadmap includes a blockchain identity verification protocol for global companies to run background checks.” Dr. Kiebahls
Twitter: https://twitter.com/AnonyDoxx
Contact Info:
Name: J. Cubb
Email: Send Email
Organization: AnonyDoxx
Address: United States
Website: https://www.anonydoxx.io
Release ID: 89058606
