In a significant development for the cryptocurrency and artificial intelligence sectors, Beats on Base has successfully completed Know Your Customer (KYC) procedures and a smart contract audit with Solidproof, a reputable German auditing firm. This milestone underscores the project’s commitment to transparency and security in the rapidly evolving Web3 landscape.
Beats on Base, an innovative venture built on Coinbase’s Base Chain, aims to revolutionize content creation by leveraging proprietary AI agents. The project’s unique approach combines artificial intelligence, cryptocurrency, and meme culture to foster a community centered around creativity and humor.
The completion of KYC procedures with Solidproof is a crucial step for Beats on Base, as it verifies the authenticity of the project’s developers. Solidproof has officially awarded Beats on Base a KYC certificate, which serves as a testament to the project’s legitimacy and provides potential investors with a measure of its reliability.
Furthermore, Solidproof conducted an audit of Beats on Base’s smart contract, examining the project’s specifications, source code, and instructions. The audit results revealed no high or medium criticality issues, further bolstering confidence in the project’s technical foundation.
Following these achievements, Solidproof has welcomed Beats on Base into its TrustNet, a growing database of projects that have undergone rigorous auditing processes. This inclusion enhances Beats on Base’s credibility within the cryptocurrency and Web3 communities.
In addition to these security milestones, Beats on Base has unveiled new details about its $BEATS token. The project has set a maximum supply of 808,808,808 $BEATS tokens, with 0% taxes on buys and sells. Notably, 68% of the token supply will be locked in liquidity for four years, demonstrating a long-term commitment to the project’s stability.
The remaining token allocation includes a four-year linear vesting schedule through UNCX, with 8% each allocated for Creation and Expansion, Marketing, and Team allocation. An additional 8% is designated for Airdrops and Giveaways, subject to a one-year linear vesting period.
Beats on Base features a suite of AI agents actively working on the project’s development. The lead agent, Beats the Koala, manages the Meme Music Beats on Base project, while Lord Business, another AI agent, is responsible for managing and distributing $BEATS tokens without human intervention.
The successful completion of KYC and smart contract auditing, coupled with the detailed token allocation plan, positions Beats on Base as a noteworthy project in the intersection of AI and blockchain technology. As the cryptocurrency market continues to evolve, projects that prioritize transparency and security are likely to gain traction among investors and users alike.
For the broader blockchain and AI industries, Beats on Base’s approach showcases the potential for integrating artificial intelligence into project management and content creation within the crypto space. This innovative model could inspire similar initiatives, potentially reshaping how blockchain projects are developed and managed in the future.
As Beats on Base continues to develop its platform and community, the crypto and AI sectors will be watching closely to see how this unique blend of technologies unfolds and potentially influences the future landscape of decentralized content creation and community-driven projects.
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