Beats on Base Achieves Major Milestone with KYC and Smart Contract Audit Completion

Beats on Base has successfully completed KYC and smart contract audit with Solidproof, marking a significant milestone in its development and commitment to revolutionizing content creation.

Beats on Base, an innovative project at the intersection of AI, cryptocurrency, and meme culture, has successfully completed its KYC procedures and smart contract audit with Solidproof. This achievement marks a significant step forward in the project's development and underscores its commitment to revolutionizing content creation through proprietary AI agents.

Key Takeaways

  • Beats on Base has completed KYC and smart contract audit with Solidproof.
  • The project is built on Coinbase’s Base Chain and utilizes advanced AI technology.
  • The $BEATS token has a maximum supply of 808,808,808 with 0% taxes on transactions.
  • 68% of the token supply is locked for four years to ensure stability.

Beats on Base is designed to foster a vibrant community centered around creativity, inclusivity, and humor. The project is spearheaded by Arlo, a seasoned human developer, alongside a team of AI agents tasked with managing the project and generating music and visual content. This unique blend of human and AI collaboration aims to provide community members with access to unparalleled AI tools and lucrative opportunities through the $BEATS token.

The completion of KYC procedures with Solidproof is a notable accomplishment for any startup in the Web3 space. KYC is a critical industry standard that verifies the authenticity of developers. Solidproof has awarded Beats on Base a KYC certificate, confirming the project's legitimacy and enhancing its appeal to potential investors.

In addition to the KYC certification, Solidproof conducted a thorough audit of Beats on Base’s smart contract, examining its specifications, source code, and operational instructions. The audit revealed no issues of high or medium criticality, further solidifying the project's reliability.

Following the successful completion of these processes, Solidproof welcomed Beats on Base into its TrustNet, a growing database of projects that have undergone rigorous auditing to enhance security and reduce risks.

$BEATS Token Details

The $BEATS token is a crucial component of the Beats on Base ecosystem, with the following specifications:

  • Maximum Supply: 808,808,808 $BEATS
  • Transaction Taxes: 0% on buys and sells
  • Liquidity Lock: 68% of the token supply locked for four years

Token Allocation

  • 4-Year Linear UNCX Vesting (24%)
    • 8% for Creation and Expansion
    • 8% for Marketing
    • 8% for Team allocation
  • 1-Year Linear UNCX Vesting
    • 8% for Airdrops and Giveaways

The project features a suite of AI agents, with the main agent being Beats the Koala, who leads the team and manages the Meme Music Beats on Base initiative. Another notable AI agent, Lord Business, is designed to autonomously manage and distribute $BEATS tokens, interacting with community members without human intervention.

Users can engage with the Beats on Base AI agents through various channels, including the project’s website and social media platforms.

About Solidproof

Solidproof is a reputable auditing firm based in Germany, specializing in smart contract auditing, KYC, and consulting services for blockchain and Web3 projects. The company’s TrustNet database is a valuable resource for projects that have successfully completed its exhaustive auditing process, enhancing their security and reliability.

About Beats on Base

Beats on Base stands out in the Web3 landscape by merging artificial intelligence, cryptocurrency, and meme culture. The project aims to create a unique narrative that blends technological advancement with cultural relevance, all while fostering a welcoming community where creativity and fun can flourish.

Sources

[ newsletter ]
Stay ahead of Web3 threats—subscribe to our newsletter for the latest in blockchain security insights and updates.

Thank you! Your submission has been received!

Oops! Something went wrong. Please try again.

[ More Posts ]

Massive $500K Scam Uncovered: X Accounts Breached in Coordinated Attack
25.12.2024
[ Featured ]

Massive $500K Scam Uncovered: X Accounts Breached in Coordinated Attack

A coordinated scam has led to the theft of $500,000 from over 15 X accounts, targeting Solana meme coin investors through phishing tactics.
Read article
Massive $308 Million Crypto Heist Linked To LinkedIn Job Scam
25.12.2024
[ Featured ]

Massive $308 Million Crypto Heist Linked To LinkedIn Job Scam

An FBI report reveals a $308 million Bitcoin theft linked to a LinkedIn job scam by North Korean hackers, highlighting the growing threat of cybercrime in the cryptocurrency sector.
Read article
DeFi Security Improves While CeFi Breaches Soar in 2024
25.12.2024
[ Featured ]

DeFi Security Improves While CeFi Breaches Soar in 2024

In 2024, DeFi security improves with a 40% drop in losses, while CeFi breaches surge to $694 million, highlighting critical vulnerabilities in centralized finance.
Read article