CertiK Downgrades Shiba Inu (SHIB) Security Score, Sparklo (SPRK) Completes KYC and Smart Contracts Audit

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Since the collapse of several cryptocurrency projects in 2022, security and transparency have become focal points of the industry. After a recent audit, the blockchain security firm CertiK has downgraded its Shiba Inu (SHIB) ranking by 2%. On the other hand, Sparklo has passed its KYC audit to add a successful smart contract audit conducted by the InterFi network ahead of its launch.


Sparklo (SPRK) team completes KYC audit, presale builds momentum

Sparklo (SPRK) is one of the most unique projects to be unveiled in blockchain since the launch of Bitcoin in 2009. Sparklo is creating a marketplace that will democratize the precious metals industry, allowing investors with as little as $100 to purchase gold, silver, and platinum using fractionalized NFTs. Sparklo will also collaborate with jewelry stores from around the world to give users access to real luxury investments in real-world platinum, gold, and silver bars.

Because transparency and trust are an important part of every successful crypto project, the smart contracts of Sparklo have passed an audit conducted by the InterFi Network while the team has undergone a KYC verification process performed by Block Audit. To further foster trust, the Sparklo team has announced an AMA session with community members on June 5.

Currently, investors are eagerly accumulating the SPRK token, which is in the second phase of its token presale. You can buy the SPRK token for $0.026 and get up to a 50% bonus on daily purchases until May 25. Many experts have identified Sparklo as a potential blue-chip crypto project, and the current support the project has amassed while in presale has given the token a projected one-year gain of 4,000%.


Certik downgrades Shiba Inu (SHIB) rating

CertiK, the blockchain security firm, has downgraded its rating for the popular meme coin, Shiba Inu (SHIB) by 2%. At this time, CertiK gives Shiba Inu (SHIB) a trust score of 93.67% but will be conducting another audit on the meme coin. Following the announcement, the price of Shiba Inu (SHIB) has been rejected at the $0.000009 critical support. At the time of this writing, Shiba Inu (SHIB) now trades at $0.000008905.

Regardless of its declining trust score and prices, the Shiba Inu (SHIB) team has continued with developments in the ecosystem. Developers of the Shibi Inu (SHIB) layer 2 scaling solution have released more information on Shibswap 2.0 – a decentralized exchange that will be launched in Shibarium. The team also disclosed that the Shiba Inu (SHIB) layer 2 scaling solution will trade on cheaper gas fees than the Ethereum network.

Find out about the Sparklo (SPRK) presale using the links below:

Website: https://sparklo.finance

Presale: https://invest.sparklo.finance

Twitter: https://twitter.com/sparklo_finance

Telegram: https://t.me/sparklofinance

Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

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