The usability of cryptocurrencies is growing despite market challenges in recent months; many projects have come up with new use cases in NFT, DAO and DeFi. Despite this development, the crypto market has recently suffered many attacks, which is scary because no investor will want to invest in technology and lose their money to hackers.
Cryptocurrency investors lost $2 billion due to attacks in 2022. The figure is expected to grow rapidly because crypto investors have lost more funds in recent months compared to the beginning of the year. Blockchain companies need to address security issues if cryptocurrency adoption is to grow in the coming years.
Companies are working on ways to protect users' investments from attack; one of the companies that work on that is the BIB exchange. The company is aware that the codes have to be secure despite the many features that allow users to earn DEX and CEX profits, capital gains from asset appreciation, NFT minting, and virtual entertainment utilities.
Smart Contract Auditing is one of the ways that cryptocurrency-based companies can ensure that hackers do not detect vulnerability in the code in front of them. BIB exchange token contracts have recently passed the audit of one of the most trusted blockchain security firms, Armors Labs. Armors Labs tested the BIB token smart contract for common vulnerabilities such as Denial of Service, Trademark Tampering, block time and Short Address Attack.
The contracts had been approved as clean by the Armors Labs team and safe for users to deposit, stake, and trade their tokens seamlessly. A one-way BIB Exchange that protects its consumers' money is Armors Labs Audit.
The company has also employed other measures to ensure user funds are safe. One of the methods is that all users go through an extra layer of security before they can withdraw their funds, ensuring that hackers who gain access to your dashboard cannot withdraw funds. The company also ensures that all users have access to 24/7 support on Telegram, where they can report suspicious activity, which will be reviewed by its security team.
BIB Exchange has also hired the best security team that constantly monitors the network to ensure that user funds are safe. The company is also aware of attacks such as social engineering where hackers can obtain your information by posing as BIB support agents. The company has moved to prevent such attacks by educating users on best practices to protect their wallets. They provide educational tools to enable you best practices to secure your wallets.
The BIB token is issued by the BIB exchange, which trades under the symbol BIB. The corporation initially distributed the token during the BSC network's ICO launch. The numerous benefits of the BIB token include holding BIB in CEX and DEX wallets, delegating to the node, and retaining the token dividend.
BIB also offers many use cases, including the minting of NFTs for entertainment purposes, allowing staking, which means that $BIB can enjoy dividends in BUSD. $BIB holders can also mine tokens through delegation, and a significant benefit is that $BIB holders can participate in GameFi in the BIB Meta ecosystem.
BIB is great because as well as ensuring that user funds are safe from hackers, it also ensures that investors benefit from holding and staking the tokens. Today is the best time to invest in the future of cryptocurrencies by buying BIB tokens.
