WORTH Token Sale and security of investors’ funds (PART 1)

3 min readDec 13, 2021
WORTH Token Sale

WORTH Pre-Sale (For whitelisted participants)
Start Date: 12 pm UTC, 22 December 2021
End Date: 12 pm UTC, 28 December 2021

WORTH Public Sale (For everyone, FCFS)
Start Date: 12 pm UTC, 29 December 2021
End Date: 12 pm UTC, 4 January 2022

Smart Contract Security and Decentralization

Worthpad has partnered with three top blockchain security companies — Certik, QuillAudits and TechRate to get its smart contracts audited.

Worthpad’s Security Partnerships

How will Worthpad decentralize the management of its smart contracts?

To create a decentralized solution for the management of our smart contracts, our team is using the Gnosis Safe multisig. Control of the smart contracts will be transferred to the multisig wallets after deployment of the smart contracts. The Gnosis Safe requires 2 of 3 wallets to confirm every transaction in order to execute it. This prevents unauthorized access to company crypto. In future, this ownership will be transferred to the community through the Worth DAO.

Gnosis Safe — What is it?

Gnosis Safe builds new market mechanisms for decentralized finance.

Gnosis has been developing blockchain-based wallet solutions since 2017, and has earned a reputation in the industry for engineering and security expertise. Gnosis Safe is the most trusted platform to manage digital assets on Ethereum. The Safe Apps ecosystem enables access to DeFi tools and protocols for use-cases such as swapping, borrowing and staking assets from directly within Safe multisig.

With Gnosis Safe, a company with 3 managers can set up their wallets to require approval for 2 of the 3 managers for major transactions. This ensures that no funds are misused by a single person.

In addition, Gnosis Safe gives users full custody over their funds, meaning users are in control 100% of the time and have access to funds 24/7.

Gnosis Safe is one of the leading multisig solutions on the market. It is used by well-known projects, such as Harmony, 1inch, SushiSwap and Aave.

How will it work for Worthpad?

The Gnosis Safe requires 2 of 3 wallets to confirm every transaction in order to execute it. This prevents unauthorized access to company crypto and misuse of funds.

The management of our Smart Contracts will be handled with the approval of the heads of the Worthpad team.

There will be 3 people who will have access for the management of smart contracts:

1. Pieter Jansen

Pieter is the founder and CEO of Worthpad. He has more than 25 years of experience in the Finance domain. He has worked for some of the largest hedge funds in the world.

2. Andy Smith

Andy is the Chief Product Officer at Worthpad. He has more than 20 years of experience in designing and building technology products at some of the largest Tech companies in the world.

3. Tony Zhou

Tony is the Chief Growth Officer at Worthpad. Tony has 15+ years of experience in Marketing and has built and executed marketing strategies for Fortune 500 companies.

They will jointly be responsible for the management of Worthpad’s smart contracts and crypto funds. This structure has been designed to prevent any unauthorized access to Worthpad’s smart contracts.

The Worthpad team is focused on building a decentralized platform. We will handover the control of the smart contracts to the community through the Worth DAO. The usage of Gnosis Safe Multisig will significantly increase the security and decentralization of our smart contracts.

This is a once in a lifetime opportunity. Don’t miss it!

For more information about Worthpad and how to be a part of the revolution that will shape the global crypto space, visit the Worthpad Website.

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Worthpad is a decentralized, multichain IDO platform that connects innovators and $WORTH investors. worthpad.io twitter.com/worthpad t.me/worthpad