Notifications
Clear all

Assessment (Tick the appropriate box) * Poll is created on May 28, 2021

  
  
  
  
  

CTK


cryptoquestion
Posts: 16
Topic starter
(@cryptoquestion)
Active Member
Joined: 2 months ago

CertiK (CTK)

 

Overview

CettiK is a  pioneering blockchain security firm that uses a cross-chain protocol with security scoring and decentralized reimbursements for building secure dApps.

 

Blockchain projects can receive security insights from its Security Oracle, which provides real-time guards of on-chain transactions and identifying and flagging a wide range of malicious vulnerabilities before they occur. 

 

Depending on the level of the security score, audited blockchain projects of any protocol may be eligible for a CertiKShield membership, which is a flexible, decentralized reimbursement system for any crypto asset that is irretrievably lost or stolen due to security issues. CertiKShield memberships are open to all community members of these eligible blockchain projects, providing a safety net to holders of crypto assets in case anything unexpected happens.

 

Our Opinion

Price: $1,42

Fully Diluted Market Cap:$141 million

Risk Score: 6 

Target Price: $5.00

CertiK has been at the forefront of crypto investor interest recently after auditing the memecoin SafeMoon. CertiK and Quantstamp are the two leaders in this field, although Quantstamp focuses more on non DeFi projects. With the exponential growth of DeFi on BSC and DeFi in general there is going to be a continued demand for projects to be audited and as importantly, insurance cover.

 

We analyzed the crypto insurance space in a previous report highlighting its massive potential and the key players. CertiK wasn't part of that analysis but it should have been. CertiK is in a prime position to build a significant share of this market competing directly with the likes of Nexus Mutual which has a $740 million market cap. 

 

The main risk is the unregulated nature of DeFi and the possibility governments will start coming down hard on projects which claim to be decentralized but still have an element of central control. On that basis we have scored Certik a 6 for risk. The beauty of CertiK is how its native currency is critical to its platform.  That is a major tick in the box for the investor. With a fully diluted market value of $141 million we believe this substantially undervalues its dominance in their market and its potential to grow in the insurance space. We have set a price target of $5.00 which compares to an ATH of $3.94  

Name

CertiK

About Crypto Moonshots

CryptoQuestion’s Crypto Moonshots is the place to go to find undervalued or undiscovered cryptocurrencies. It is a list generated by the community for the community! Whilst this community’s purpose is to find undervalued cryptocurrencies it is also a platform to flag up concerns about tokens so that investors are kept fully informed and avoid scams and other sharp practises. If a project team hasn’t been communicating to its community, flag this up, if there is talk of scam coins let the community know. This way we can make the crypto community a safer place to invest for everyone.

How it works

You are free to add comments and new ‘threads’ (cryptocurrencies). To add comments simply hover over the ticker and double click, that will allow you to review all the comments and add your own. Before your post goes live you first must make an assessment of the coin/token under review – is it: Undervalued, Overvalued, Warning, No Comment. Secondly you must confirm your email. Utilize the search function to look for specific cryptocurrencies before posting about new cryptocurrencies you wish to bring to the communities attention.

 

There is no need to register to review the Crypto Moonshot platform however if you want to receive an update every time there is a comment on a certain coin/token you are following register here for an update. 

A few key points:

 

  • No moderator – the community moderates

  • Anyone can view without registering

  • Community driven

  • We welcome feedback to improve the community 

  • App coming soon

  • A few basic guidelines

     

    Unlike other communities we are not here to monitor you. We want the community to do the talking. In saying that, there are no rules, only a few friendly guidelines. As a community, if you feel we need to add to these let us know. This platform is for you. CryptoQuestion will not interfere in your lively debate unless compelled to by law obviously. We trust that won’t be necessary!

     

    1. If you want to promote your own project please do so but make it clear

    2. Be respectful of each other, no one likes to be called a ‘dick head’ it stops the free flow of ideas which is what we want here

    3. Always do your own research

    4. Remember the power of the crowd – don’t be swept along by it, make your own decisions

    5. Research the exchange that is making a market in the cryptocurrency you are interested in, especially the smaller cryptos. Check online for user feedback

    6. Remember always investing in cryptocurrencies is high risk

WARNING: Moonshots are generated by the crypto community. It is important that you always do your own research. Never invest more than you can afford to lose. The moonshots that appear on this forum are not a recommendation to buy or sell in any way and do not represent financial advice.