Secured Ledger

What is Secured Ledger

The Problem Secured Ledger Solves

Current smart contract auditing mediums within the blockchain community represent a centralized process in which one or more entities are charging for their services to complete an audit. This runs counter to the spirit of decentralization which is the heart of blockchain technology and core belief of the community.

Moreover, from a sheer technical security standpoint, having a single centralized assessor results in lesser security outcomes. It’s more secure to have multiple assessors reviewing the same scripts, each looking for and potentially finding core problems that any one assessor may have missed.

Finally, single assessments are a private process, and we believe that security flaws should be made public, thus helping the overall community better understand and prevent future, similar flaws.

The Solution

Secured Ledger aims to build a platform to allow a multi-faceted auditing process to take place in a public forum made up of both smart contract developers and security assessors.

Our platform will have a a few critical features:

Furthermore, we aim to implement a new framework into blockchain security audits, a community-verifiable proof of security system

Secured Ledger Token (SLRT)

The Secured Ledger token will be released in a crowdsale for prospective community members on September 7th, 2018. As an organization we have chosen to release a set amount of tokens, in hopes that the assets will have tangible value for community members and bounty hunters alike. Once the crowdsale event has concluded, Secured Ledger Tokens will be listed on various exchanges in order to provide liquidity for our community (First wave of exchanges are Cryptopia and Bitfinex).

The Secured Ledger token will be sold in exchange for ETH, with a maximum of 10,000 ETH to be exchanged. This will also serve as the hard limit for how many SLRT will exist. For the first 15 days (and to support our early adopters), it will be traded at a rate of 20,000 SLRT to 1 ETH. After the initial period, it will be exchanged at 10,000 SLRT to 1 ETH until 90 total days have been reached.

For each SLRT that is minted, 40% will be also generated (at the end of the crowdsale) as a reserve for the purposes of Secured Ledger.

Our goal is to mint at least 100,000,000 SLRT during the crowdsale