Due to the increasing hacks and exploitation in the DeFi world, we have made a FAQ questions that you may have. BullLaunchPad is a completely transparent and decentralised Launchpad. We run autonomously on the Blockchain without any central entity. Hence, out security is measurably high than other privately owned launchpads.

BullLaunchPad
1 min readOct 2, 2021

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FAQ

  • How secure is the IDO?

-We can assure that all the funds raised from the IDO will be safe and not have any chances of being hacked because we will use multi-signature wallet.

  • What is a Multi-signature wallet?

-Multisignature wallets are cryptocurrency wallets that require two or more private keys to sign and send a transaction.

  • What are the chances of being hacked?

-Even if one of our private key gets compromised/hacked we will not lose any funds because of the decentralised and open source smart contract which is present in the multi-signature wallet.

  • Why is the contract decentralised?

-We have made the multi-signature contract fully decentralised so that anyone can verify the security of the funds by roughly scanning our open source code. Therefore, we the team, cannot interfere on anyone’s feedback.

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