Finance platform successfully undergoes auditing process; announces $50k bug reward program
Mutuum Finance, a promising DeFi project, is making headlines with its ongoing presale and exciting developments. The project, which prioritizes credibility and long-term utility, has recorded consistent progress in development and security.
The presale of Mutuum Finance's MUTM token has been a resounding success, raising over $16 million. The sale commenced at $0.1 per token and, as of the sixth stage, has reached 40% completion. The next stage will see a price increase to $0.04. To date, 45.5% of the total supply of 4 billion MUTM tokens has been claimed during the presale, with the remaining tokens still available.
Mutuum Finance has also introduced a $50,000 bug bounty program to encourage ethical hackers to report potential vulnerabilities. The rewards for this program are determined by the severity of the issue reported, with the organization responsible being CertiK, a well-known blockchain security firm that also conducted an audit of Mutuum Finance's smart contracts.
The audit, conducted by CertiK, resulted in a Token Scan rating of 90 out of 100, indicating a high level of security for the project. Mutuum Finance has passed this audit with flying colours, further bolstering investor confidence.
As for the project's development, the second stage is currently underway. This stage focuses on smart contracts, front-end development, and risk parameters, setting the stage for the launch of Mutuum Finance alongside the exchange listing of the MUTM token.
Looking ahead, Mutuum Finance's roadmap includes the development of a stablecoin and Layer-2 scaling solutions. The project is also offering community incentives and giveaways, with 5% of the total supply (200,000,000 MUTM) allocated for these purposes. The details of the ongoing giveaway, including rules and how to participate, can be found on the project's website.
With its successful presale, robust security measures, and exciting plans for the future, Mutuum Finance is a project to watch in the rapidly evolving DeFi landscape.
