IQeon Team: "Emphasis on security is the key to a reliable crypto economy"

Jul 22, 2020 at 19:19 // PR
Guest Author

In 2019, according to the analytic company Chainalysis, hackers stole more than $4.3 billion in cryptocurrency assets. Founders of the Estonian blockchain project IQeon believe that strict following of European legal norms for assets management by start-ups will help to resist the attacks of criminals.

IQeon ecosystem is working on several projects that support transactions with IQN digital asset. One of them is a gaming PvP platform with more than 70 thousand audience. While playing games of different genres, users can compete with each other and receive in-game currency for victory. At the same time, IQeon platform provides an open transaction history for registered participants and a free exchange of assets between players. 

Developers forge ahead and improve the ecosystem, paying great attention to protection of user data and security issues. In this regard the team takes various measures regarding the platform architecture itself. 

So, recently, IQeon team entered into partnership with the German company Fractal, developing customer identification solutions, and has already agreed on the coming implementation of Fractal ID technology in the gaming platform. The innovation will allow to introduce AML and KYC mechanisms on the platform, which will facilitate the process of confirming the identity of users during operations with the digital asset IQN. 

“IQeon is a space of freedom and opportunities for monetizing achievements, and we do our best to meet the requirements of the international legal field, in particular GDPR, and to prevent illegal activities on the platform,” comment project members.  

The project team also constantly seeks recommendations and assessment of its security system from reputable organizations. In 2019, a high-quality and comprehensive security audit of IQN smart contract was carried out. In order to get an objective evaluation, certified specialists from the well-known company with expertise in cybersecurity Knownsec were involved. According to the report, critical or serious vulnerabilities in the code of digital asset smart contract were not found. Later IQN received FCAS rating from the international analytical company Flipside Crypto, available on the project page on CoinMarketCap. 

The developers plan to improve IQeon ecosystem, develop existing and create new products that will support transactions with IQN digital asset.
IQN is a digital asset released in 2017 on Ethereum blockchain. IQN has been added to the listing of such large exchanges as Yobit, Exrates, TokenStore, ForkDelta. You can store the asset on the majority of wallets that support ERC-20 standard tokens. Since its launch, the popularity of IQN digital asset has shown steady growth, and over the past year IQN/ETH exchange rate has grown more than 3 times.

Disclaimer. This press release is paid and provided by a third-party source. This press release is for informational purposes only and should not be viewed as an endorsement by CoinIdol. We take no responsibility and give no guarantees, warranties or representations, implied or otherwise, for the content or accuracy. Readers should do their own research before investing funds in any company.

Show comments(0 comments)