Thread by @UltiBets

GM UltiBettors!😀

We have some great news to share with you today! 🎊🎉

The Audit Report by @GuardianAudits is finally done and available on our Github with a low-risk security score! ✅

You can freely read/download the full report at: github.com/UltiBets/Audit…

What's next?👇

Since the beginning of UltiBets, the safety of our users funds is the absolute priority, hence why the audit took longer than expected, as it was needed to fix some bugs/vulnerabilities (that's what are audits made for after all right?😉)

As a Prediction Market protocol, the overall contract logic is widely different from the traditional DeFi contracts.

We actually passed 2 audits with @GuardianAudits as they notified us that some technical challenges could appear, notably the automatic payout.

Following their advice, we then have decided to switch back to the previous "push and pull" system aka having to claim your winnings.

We will launch with this mechanism while still actively working on improving the overall user experience.

Concerning the centralization aspect, we are extremely proud to work in collaboration with @chainlink to integrate their set of tools, recently deployed on @FantomFDN

We will use their 3 main technology to further bring decentralization and automation to UltiBets:

- Oracle Price/Data Feeds to gather real-world latest prices/scores
- VRF (Verifiable Random Function) to generate true on-chain randomness
- Keepers to automate the key tasks (closing and cancelling bets/announcing bets outcomes based on real-world final prices/scores)

As we were also waiting on that part (the tools deployment on #Fantom) the #Chainlink tech integration will be the very next step before officially launching on mainnet!

On the non-tech side we also have a several exciting
things to share!🤯

In parallel, the UltiBets Merch is almost ready!
We are finalizing the last details before opening the store, stay tuned for more infos!

Also very exciting things brainstormed about the integration of Merch inside the UltiBets #Metaverse with NFTs issued as Digital Merch! 🫠

Bear Market or not we are also HIRING!
In order to prepare for the Multichain expansion, we are looking for great talents to join our Team! :
- 2 Smart Contract Dev (#Solidity)
- 2 Front-End Dev (#Reactjs, #Web3js)
- 1 Designer (#NFT, #Photo, #Video)
- 1 Regulatory/Legal Advisor

Our Grant Program of $200k in $UTBETS Tokens is still on!

https://twitter.com/UltiBets/status/1519510553873555456?t=hZrajMkY9IiFPdPEcN1zYQ&s=19

We already have multiple contributions from over 15 different nationalities! 🔥🔥🔥

So come join them and get paid to help improving UltiBets with you unique skills and talents! 👍

Contact us here on Twitter or if you wish to do so on our Discord/Twitter, please ONLY use our official links below (also available in our Twitter bio) via the Linktree page:

linktr.ee/UltiBets

That's wrapping up for Today's recap, a Medium article summing up this thread will be available shortly

Many more things coming to UltiBets, you can't imagine how excited we are to finally launch!

A bit more patience is required, but Holy Cannoli it will be worth the wait!😉

*Discord/Telegram