LABEL Foundation’s BSC Smart Contract Successfully Audited by Certik!

Dear Label Community,

We are excited to announce that the LABEL’s BEP-20 version LBL Binance Smart Chain-based contract’s code was successfully audited by CertiK security team. CertiK is a pioneer in blockchain security, utilizing best-in-class AI technology to secure and monitor blockchain protocols and smart contracts. The audit was conducted to ensure the safety and security of our smart contract code. The review by CertiK provides assurance to our users and community that Label’s infrastructure on the Binance Smart Chain is secure. Undoubtedly it was another milestone for our team in building the top MOOC NFT infrastructure which will be broadly used by musicians/ creators/ artists and investors. Thus, we strive to make our platform as safe as possible.

LABEL Audit by Certik

It should be noted that LABEL Foundation has a full grasp and astute understanding of the necessity to ensure the user’s security and the absence of vulnerabilities in the smart contract. To ensure the safety and guarantee it, we have conducted a thorough audit of our BEP-20 version LBL token, with the leading security-focused blockchain firm, CertiK.

According to the security analysis conducted by CertiK audit team, Label Foundation BSC smart contract does not have any critical or major issues, which implies to the fact that the LBL’s contract cannot be compromised, hence secure. The findings were on the low to medium levels on the basis of informational (coding style) and the bridge centralization (handled by multisig, hence non-compromised), which do not possess any potential threat to the LBL contract.

We are fully committed to further ensuring the safety and protection of our users. We will continue to provide security checks from the leading blockchain security companies to further enhance the decentralized future NFT-infrastructure.

Full report link: Audit Report

About CertiK

Founded in 2017 by leading academics in the field of Computer Science from both Yale and Columbia University, CertiK is a leading blockchain security company that serves to verify the security and correctness of smart contracts and blockchain-based protocols. Through the utilization of our world-class technical expertise, alongside our proprietary, innovative tech, we’re able to support the success of our clients with best-in-class security, all whilst realizing our overarching vision; provable trust for all throughout all facets of blockchain.