CertiK is collaborating with Sphynx Labs through the projects that will be launching via Sphynx’s LaunchPad.
CertiK is an internationally recognized security company that has audited high-level products such as Binance. It is also one of the recommended audits to have done when inquiring to list a token on a major exchange. CertiK’s process of auditing is next level in the sense they sift through every line of code, essentially analyzing contracts at a microscopic level. Therefore, only those teams that are in it for the long-haul and are serious about their project will order an audit from a top-tier company like CertiK.
Although nothing can be a hundred percent safe, having CertiK onboard will mitigate the chance of potentially high-risk projects launching through Sphynx Labs. Moreover, anti-bot and anti-dump protocols will be in place for projects launching through Sphynx Labs, providing another layer of protection for investors.