Bitago Smart contracts

To facilitate the reward system, Bitago will use 12 vesting contracts and 2 token contracts, both deployed on the Arbitrium network. Bitago is a mobile app that offers crypto cashback rewards. Both contracts will be based on the ERC20 standard, making them easy to integrate with other Ethereum-based wallets and platforms.

Vesting contracts are tailored to fit users' needs and provide incentives. These contracts work by controlling the release of tokens over a set period, which can be determined by either time or performance. The set of rules governing these contracts are in place to make certain that rewards are given out only when due, guaranteeing that token holders can expect their fair share.

It will be possible to issue tokens as rewards to users through the token contracts. Bitago's tokens are transferable and can be traded on exchanges or purchased within the Bitago ecosystem. The contracts will also include features such as a token supply cap, a burn function, and a transfer fee.

In order to ensure that Bitago's contracts are secure and reliable, a leading blockchain security firm will audit them. This will identify any vulnerabilities or weaknesses in the code and ensure the contracts are safe and secure.

Bitago will be able to offer its users a robust and flexible reward system through a combination of vesting contracts and token contracts deployed on the Arbitrium network. With vesting contracts, Bitago can reward users for specific behaviors or lock up tokens to ensure that rewards are only given to those who deserve them. Using the token contracts, Bitago will be able to offer tokens as rewards to users, which they can then trade on exchanges or use within the Bitago ecosystem.

The ERC20 standard provides a well-established framework for the contracts, making them easily compatible with other Ethereum-based platforms and wallets. Users will be able to manage their tokens and transfer them between platforms easily, which will increase Bitago's adoption and popularity.

As a layer 2 scaling solution for Ethereum that offers faster and cheaper transactions, the Arbitrium network is also a strategic choice for deploying the contracts. By doing this, users will be able to receive their rewards quickly and efficiently, without having to pay high gas fees associated with Ethereum transactions.

Bitago and its users will be provided with additional security and peace of mind by having Certik audit the contracts. It is prudent to have smart contract contracts audited by a reputable firm to ensure they are secure and reliable in light of the increasing number of hacks and vulnerabilities.

Combining vesting contracts, token contracts, and the Arbitrium network, along with the audit by Certik, shows Bitago's commitment to providing a secure and flexible reward system.