- In case your country decides to ban crypto or investments in apps like Acecoins, your funds will be safe. The funds will be returned to the wallet of your choice without any additional charge.
Smart Contract Risk
- DeFi protocols use smart contracts to automate all transactions
- If a smart contract is badly written, it can be vulnerable to attacks and can lead to loss of principal.
- Acecoins invest only in blue-chip DeFi protocols which have been audited by the gold-standard smart contract audit firms to ensure that the users’ risks are minimized.
- Apart from the smart contract audits by these firms, Acecoins internal team also does a smart contract audit for checking vulnerabilities.
- In addition, Acecoins deploys assets to multiple protocols across chains as to minimize smart contract exposure to any single protocol.
Peg Risk- To minimize the risks, Acecoins accepts and invests only in blue-chip stablecoins such as Busd USDC and USDT, which have $40B+ liquidity, and have survived multiple bull and bear markets without continued loss of peg.
Custodial Risk- Assets under deployment are not insured. However, Acecoins uses Gnosis Multi-Sig and Qredo-MM Institutional setup for DeFi custody during deployment which provides decentralized multi-party computation (dMPC).
Deposits in Acecoins are not insured by FDIC or any other providers. However, Acecoins works with BitGo for custody as a result of which Acecoins has up to $250M insurance for any problems that arise in funds that are in BitGo’s custody.
Acecoins matrix system is build actively to ensure the least amount of risk while ensuring the best yields for the user.
Acecoins is being actively evaluated for risks, checks for smart contract audits by leading smart contract audit firms such as Certik and rebalance portfolios for effective risk management.
Acecoins has the leading DDoS protection, Gnosis-safe multi-signature mechanisms and follows the industry best practices to ensure the safety of the users’ funds.Ace points are the Acecoins platform reserve currency earned through completing special missions. One point is pegged with the US dollar 1:1, providing a stable value that cannot fall below.
In the future, Ace points will be replaced with Ace tokens. The token will be listed on exchanges and have its own value.
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