Inspiration

we are from the decheck team. We are building a decentralized community for auditing and reviewing cryptocurrency contracts. We call it decheck.

The cryptocurrency industry is growing rapidly, and we are facing a growing crisis of trust, which is called “ge jiu cai" in Chinese and "RUG" in English. So both in the Chinese community and in the English community, we can see that the demand for token contract checking is getting stronger and stronger. That's why we developed this project. We hope we can push the cryptocurrency towards a more transparent and healthy direction through the combination of token contract code auditing and human review.

What it does

1.DeCheck DAO

Establish DAO, complete the lightweight audit of other projects in the form of DAO, and present it to product users in the form of reviews. Meanwhile, the reviewer can get rewards and help visitors to have more accurate analysis of the project

2.Role review

We determine DAO membership by whether or not we hold a specific NFT, and community members with different identities have different functions and reward bases. They can review on many aspects of a project.

For example:

Auditor —— Performs a lightweight audit of token contracts and reviews potential risks at the code level

Researchers —— analyze token prices and data, and review on the future value of tokens, suggestions and other information

Producer —— Analyze competitive products of token projects, analyze the advantages and disadvantages of similar projects, and review on them.

DeCheck will also increase some community identities through the community voting mechanism, such as community police, community volunteers, etc

3.Self-service contract check The user can self-detect the standard ERC20 token contract interface and feedback the detection takeover to the user

How we built it

step1——Gather smart contract developers and build a developer community

step2——Gather professional project researchers and record popular projects

step3——Airdrop NFT used to verify the identity of community roles

step4——Optimize and iterate product features and launched DID reviews

step5——Launch community reward mechanism, open the community Treasury

Challenges we ran into

Resolved:

1.The process of review mechanism——whether each person can make more than one review for a project.

2.Reward mechanism combined with VRF——Add VRF into the lucky box mechanism, and users will not only get basic comment reward after each comment, but also get random reward according to the base number.

3.Attract professionals——It's hard to engage them in the community, whether they're auditors or researchers; Community incentives and airdrops are being used to address the low conversion rate.

Unresolved:

1.Timeliness of data——It will takes a long time to improve the timeliness of data

2.Tokenomics——We can't design Tokenomics arbitrarily

Accomplishments that we're proud of

1.DeCheck is well received by many WEB3 OG

2.DeCheck participated in the BNB Hackathon and won 3rd place on the SocialFi track

https://twitter.com/BNBCHAIN/status/1665729048339726336

https://twitter.com/BNBCHAIN/status/1664319123029999628

What we learned

Too many to speak of

What's next for DeCheck

1.Add chainlink build

2.Design a token economic model and issue tokens

3.Try testing chainlink CCIP

4.Increased product functions, such as K chart, transaction history, etc

5.Global marketing

6.Irregularly organize meetings of community professionals

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