CertiK deems SaitaMask, a crypto smart wallet, to be “issue free and hacker resistant”

Saitama, a newly founded cryptocurrency platform, said on Wednesday that its SaitaMask smart wallet has passed an audit. SaitaMask has been certified by CertiK, a blockchain cryptocurrency auditing organisation, as “issue free and hacker resistant.”

After passing the audit, the six-month-old crypto platform will be able to “apply for, and be listed on, other exchanges,” making its SAITAMA coins more accessible. According to the company’s press release, there are already roughly 300,000 token holders with a market valuation of 4 billion.

Saitama stated that its SaitaMask smart wallet is meant to be a “one-stop shop” for its customers, allowing them to integrate their preferred payment method to purchase, sell, and transfer any crypto token without leaving its smartphone app, which will be ready in January.

The business wants to make SaitaMask “a hub connecting users to different tools helping them assess and make investing choices” to offer its consumers more control over their money. According to Saitama, one of the technologies is a “Edutainment portal” that teaches people about money and investment.

Saitama’s SAITAMA token, which went live on May 31, is based on the Ethereum blockchain’s ERC-20 standard, which is used to administrate tokens by all smart contracts on the Ethereum network. The ERC-20 network, according to the business, uses “smart coding” to reward loyal token holders with “rewards to defend against huge wallet holders (whales) from attempting to manipulate the price in their favour or from selling out and dumping tokens.”

CertiK, located in New York, is collaborating with PeckShield to enable Binance, a crypto exchange platform, perform complete security audits when assessing project tokens that are posted on the site. CertiK and PeckShield have launched “Project Shield,” a new level of security aimed to protect Binance users and provide them access to protected projects.