JinDAO
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  • Welcome to JinDAO
  • Introduction to JinDAO
    • What is JinDAO?
    • Why JinDAO?
    • How to interact with the JinDAO platform?
    • What are the costs associated with using JinDAO platform?
    • Which network(s) will JinDAO be built on?
    • Source of Revenue for JinDAO
    • Are there any risks?
    • Security and Audits
    • Technology
  • DAO Governance
    • Principles of Governance
    • Voting Power
    • JinDAO (JIN) Token
    • Insurance Pool (SAFU)
    • Treasury
    • Tier Rewards Distribution System
  • DeFi Growth Fund
    • What is JinDAO DeFi Growth Fund (DGF)
    • Participate in JinDAO DeFi Growth Fund
    • Lock in Period for DeFi Growth Fund
    • Withdrawal from JinDAO DeFi Growth Fund?
  • Multi-Strategy Fund
    • What is JinDAO Multi-Strategy Fund (MSF)
    • Participate in JinDAO Multi-Strategy Fund
    • Lock in Period for Multi-Strategy Fund
    • Withdrawal from JinDAO Multi-Strategy Fund?
    • Net Yield Distribution for DeFi Growth Fund
    • Net Yield Distribution for Multi-Strategy Fund
  • Economy
    • Tokenomics
  • Planning
    • Roadmap
  • Community
    • Website
    • Telegram
    • Twitter
    • Medium
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  1. Introduction to JinDAO

Are there any risks?

Utilizing any platform involves inherent risks, and the JinDAO platform is no exception. Specifically, there are two main risks associated with the JinDAO platform: the possibility of encountering smart contract exploitations, projects that were invested by JinDAO failing to deliver and the potential for unforeseen market events, commonly referred to as black swan events.

To proactively mitigate these risks, the JinDAO platform has implemented several measures. Firstly, the smart contract code will be open-source and publicly accessible, allowing for continuous review and transparency by the community. Smart contract audits will also be conducted to identify and address any vulnerabilities or potential issues. Additionally, an ongoing bug bounty campaign will incentivize external developers to identify and report any potential bugs, further reducing the likelihood of encountering any issues. Regular penetration tests will also be conducted to ensure server integrity.

Furthermore, the JinDAO platform will also spread the risk of investments across multiple private sales and funds, diversifying the investment portfolio and reducing the impact of any unforeseen events.

Overall, while it is impossible to guarantee complete safety when using any platform, the JinDAO platform is committed to taking proactive measures to mitigate any potential and future risks.

PreviousSource of Revenue for JinDAONextSecurity and Audits

Last updated 2 years ago