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Case study: Hacken provides protection of Ambit's ICO — smart contract audit and anti-phishing service


Case study: Hacken provides protection of Ambit's ICO — smart contract audit and anti-phishing service

 

Imagine lush green valleys spread with vineyards, old churches, and watchtowers with fantastic Caucasus Mountains views. Isn’t it great to at least imagine that hardware for mining cryptocurrency is located in such marvelous scenery that can be found in Georgia? FYI: Georgia has an abundance of water resources and green electricity. So, if you are a Greenpeace-miner, you will be satisfied by the fact that mining units are supplied by the green power at only 5 cents per kW/h.

Why are we telling you this? Hacken has become a security partner of Ambit, an already operating Georgian mining infrastructure that launches their token sale in several days. The main thing is that Ambit cares about the security of its crowdsale.

What is Ambit?

The primary goal of the company is to allow professionals to perform efficient and profitable mining operations in the full-sized proprietary mining facility. Ambit is the project that will enable one to avoid all the disadvantages of mining at home and/(or?) cloud-mining.

Ambit has already constructed 1 MW diversified mining facility in Tbilisi Free Economic Zone and 5 MW hosting facility, which has achieved 100% ROI in just 5 months. Building on this successful project, Ambit now aims to scale up its operations to 20 MW and invites mining enthusiasts to join its mining family.

Having grandiose plans, Ambit is soon launching the ICO. The token is called AMBT. It is a dividend token that entitles the token holders to the percentage share of the total profit of the mining and hosting operations, which will be paid out on a bi-weekly basis, allowing every mining enthusiast to become a part and enjoy the benefits of the massive mining operation.

Protection by Hacken

Aiming to be transparent and suit the needs of the token sale, Ambit has created its smart contract. The terms are somewhat strict and specific; however, to avoid the sad experience of other 34,200 smart contracts Ambit ordered Hacken’s smart contract audit as well as other security services to ensure the best experience for the investors and members.

Our technical specialists have performed

Our technical specialists have performed an audit and specified what improvements should be implemented. They have consulted the client on the ways of amending the code. Then additional audit has been done based on the latest changes. Furthermore, researchers have ensured that the smart contract corresponds to the intended logic.

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Finally, the Hacken Team has launched anti-phishing monitoring to protect investors from fraudulent ads and fake social media accounts.

Summing Up

In several days every cryptoenthusiast will be able to enter the mining operation and share the profits of the future process. We wish all the best and good luck to our new cybersecurity partner! In turn, Hacken will guard the safety of the project. All in all, in light of the aggressively increasing activity of scammers, all the blockchain, crypto, and IT projects need a reliable security partner to grow and develop.

About Hacken
At Hacken, we take security extremely seriously, and all the checks are performed according to the highest standards. If you have any questions about the topic or need a consultation, feel free to contact our Team!
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Hacken Ecosystem

It’s a community-driven business organization, consisting of the HackenHub, HackIT cybersecurity forum, HackenProof bug bounty platform, and Crypto Exchange Ranks.

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