We’re pleased to announce that we are performing a security audit of Financie, a blockchain-based social crowdfunding platform developed by Financie, Inc. Financie is a Distributed Application which allows for new forms of interaction between people wishing to raise funds, such as eSports players, video streamers, artists, or individuals with a dream they want to realize, and their fans or supporters.
Financie allows those looking to raise funds to issue “hero cards” represented digitally by ERC-20 tokens. These cards are bought and traded on the Financie marketplace, and can be used to provide VIP experiences, such as cardholder-only events, videos, or access to exclusive products. This “Fan Economy” benefits both those raising funds and their supporters.
“Smart contracts, a key component of blockchain technology, are enabling new ways for people to transact with one another transparently and efficiently, without middlemen,” says Richard Ma, CEO of Quantstamp. “We’re pleased to audit Financie. It is a novel way to improve the way online crowdfunding works.”
Quantstamp’s audit of Financie covers multiple smart contracts including token and liquidity contracts supporting the Financie marketplace. Three engineers are using state of the art automated tools to supplement manual processes, performing an architectural review, unit and functional testing, computer-aided verification, as well as a manual code review. The Quantstamp team will work closely with Financie, communicating and helping to address any vulnerabilities found during the audit.
Financie is a ‘Dream sharing service’, which allows artists, internet celebrities, athletes and other professionals to realize their dreams and raise funds for special events, films, and more. At the same time, fans get new ways to interact with their favorite artist or celebrity, and even capitalize off that fame,” says Hironao Kunimitsu, Financie founder and CEO of Gumi. “Quantstamp has a great reputation in the blockchain security industry, and we’re pleased to partner with them to provide a safe and reliable experience for our users.“
Financie is the first Japanese blockchain project where people can buy blockchain-based assets directly with Japanese yen. An open beta was released March 7th in Japan, and a full, international release is expected later this year.