Security and Transparency

bowtiedog ($TIE) places a high emphasis on security and transparency to ensure the trust and safety of our community. Here’s how we're addressing these crucial aspects: Security Measures

• Smart Contract Security:

  • Audits: While initially self-audited, we are committed to undergoing external security audits by reputable firms to identify and rectify any potential vulnerabilities in our smart contract. This will be done before significant milestones or expansions.

  • Contract Address: The smart contract for $TIE is deployed on the Base blockchain with the address 0x502c725b37D5085Ca4A329Da4Feb0Ad1E73E4FF0 , which allows for public verification of all transactions, burns, and token movements.

• Liquidity Pool Safety:

  • Liquidity for $TIE has been established on Aerodrome Finance with a significant portion of the initial supply to prevent rug pulls and ensure market stability.

• Protection Against Common Threats:

  • We'll implement best practices for protecting against common blockchain threats like reentrancy attacks, overflow/underflow bugs, etc., through rigorous code review and testing.

Transparency Initiatives

• Token Supply and Burns:

  • Burns: Every token burn event will be announced beforehand and documented on the blockchain, ensuring community members can track the reduction in supply. We'll use the burn mechanism as a transparent tool to manage tokenomics.

  • Supply Management: The allocation of tokens (150 million in liquidity, 350 million in reserve) is openly declared, with updates on how reserve tokens are used for marketing, development, or further burns.

• Project Updates:

  • Regular updates via our official channels (website, X, Telegram, Discord) will keep the community informed about all aspects of the project, from development to marketing strategies.

• Financial Transparency:

  • While maintaining privacy for team members, we will provide transparency on how funds are being used, especially those from the reserve, to ensure they align with community expectations and project goals.

Community Involvement

• Governance and Voting:

  • As we move towards decentralized governance, we'll implement voting mechanisms where $TIE holders can have a say in key decisions, increasing transparency and community involvement in the project's direction.

• Feedback Channels:

  • We encourage open communication through forums, social media, and community calls, where feedback can directly influence project development and security practices.

Future Plans for Enhancing Security

• Continuous Auditing:

  • Even after initial audits, we plan to keep security a priority by performing regular audits or code reviews, especially before introducing new features or integrations.

• Security Partnerships:

  • We're open to partnering with security-focused blockchain projects or services to enhance our security infrastructure.

Conclusion

bowtiedog aims to build a community where trust is paramount. By prioritizing security and transparency, we not only protect our community's investments but also ensure a foundation of trust that is essential for long-term success. Our commitment is to keep these values at the forefront as we grow and evolve.