HonestNFT launches Vigilante Army NFT Drop

Stanford Blockchain Club Project, Honestnft, is Establishing Vigilante Nfts to Support the Bounty System That is Successfully Uncovering Nft Shortcomings and Other Bad Actors

Palo Alto, CA, March 07, 2022 (GLOBE NEWSWIRE) — (via Blockchain Wire)  HonestNFT (https://honestnft.xyz/), the community focused on making NFT drops fair and equitable, today announced its own NFT drop, the Vigilantes, to help support its mission as well as compensate its community of analysts and coders who are identifying NFT shortcomings and other bad actors. Both the presale price and the Dutch Auction reserve, or minimum, price for purchasing a Vigilante NFT will be 0.1 ETH.

The drop will consist of 3,777 unique masked NFTs with varying traits available for purchase with both masculine and feminine versions of the NFT “Vigilantes.” These are the only NFTs in HonestNFT’s Vigilante Army collection that are available for purchase and tradable. Starting on Monday, March 7, and lasting 48 hours, the first run of 600 Vigilante NFTs will be available for minting. The remaining Vigilante NFTs will be available for purchase in the public sale starting on Wednesday, March 9, and will last until supply runs out.

“As NFTs become more popular, bad actors are tipping the scales in their favor to receive an increased chance of receiving rare NFTs, undermining hard-working creators and honest investors,” said Ricardo Rosales, CEO of Convex Labs. “We want to build a community that fights such exploits, while making NFTs more equitable, and the Vigilante NFT will help directly contribute to future activities serving HonestNFT’s mission, while scaling up both the numbers in our community and the numbers of NFT campaigns we can target.”

HonestNFT’s code can be used to examine NFT launches and grade them based on a metric developed by HonestNFT called HonestScore. Modeled after the Ethereum bug bounty program, the HonestNFT community of crypto technologists can earn ETH, NFTs, and other rewards for finding dishonest drops or improving the project’s codebase. HonestNFT has also open-sourced its code (https://github.com/Convex-Labs) to help everyone within the NFT community identify bad actors.

HonestNFT was incubated out of Convex Labs, a crypto innovation network led by former and current leaders of the Stanford Blockchain Club with expertise in blockchain forensics, quant trading, organizational design, and venture capital. Over the last several months, in pre-launch, the project has been releasing guides, frameworks, audits, and case studies to help NFT creators and collectors better understand NFT vulnerabilities. As part of its campaign for full transparency, HonestNFT has posted and will continue to post bad actors it has identified on the Convex Labs Medium page.

To learn more, please visit the HonestNFT websiteDiscordTwitter, or GitHub.

About HonestNFT

HonestNFT is the premier community for making NFT drops fair and equitable. It is the first project incubated out of Convex Labs, a crypto innovation network led by former and current leaders of the Stanford Blockchain Club with expertise in blockchain forensics, quant trading, organizational design, and venture capital. For more information, please visit https://honestnft.xyz.

About Convex Labs

Convex Labs is building a crypto network reshaping the future of innovation and work. The company is founded by former and current leaders of the Stanford Blockchain Club with expertise in Blockchain Forensics, Quant Trading, Organizational Design, and Venture Capital. The network members conduct research and generate insights that are commercialized through market-making, investing, development consulting, and incubation. At the moment, the team conducts research with focus on identifying security vulnerabilities and inefficiencies in the ever-evolving world of public blockchains. They’ve started there because they believe that though blockchains enable trust-less interactions, the industry has a major trust problem. They envision a future where public blockchains are robust enough to solve some of society’s most important issues.

About the author

Brent Dixon is the owner of E-Crypto News and an early adopter of cryptocurrencies. He is a Book editor- that has edited numerous books on Cryptocurrencies. He has been a writer for more than 30 years. Covering everything from Jazz Music to Blockchain Technology. He currently lives with his wife on Miami Beach, Fl.

E-Crypto News Executive Interviews

Crypto Scams

Cryptosoft
Cryptosoft Trading Bot Review
June 27, 2022
The Largest Crypto Scams Of 2022 (So Far)
The Largest Crypto Scams Of 2022 (So Far)
June 14, 2022
Scammers
How Do Scammers Entice Their Prey?
May 10, 2022
Beanstalk Farms Loses $80M In A Massive DeFi Governance Flash-Loan Hack
Beanstalk Farms Loses $80M In A Massive DeFi Governance Flash-Loan Hack
April 23, 2022
Prove
Joon Pak Head of Crypto at Prove talks to Us about Crypto Fraud And More
April 11, 2022

Automated trading with HaasBot Crypto Trading Bots

Blockchain/Cryptocurrency Questions and Answers

Is The Crypto Market Combating A Lehman Brothers Moment?
Is The Crypto Market Combating A Lehman Brothers Moment?
June 30, 2022
Russia
Roundtable Interview-What is the Effect of The Russia-Ukraine War on Cryptocurrency Prices?
March 4, 2022
GamStop
How Does Bitcoin Casino Work + 2021 Beginner’s Guide
November 8, 2021
Cryptocurrency
How to Buy and Sell Cryptocurrency
November 8, 2021
What Are Bitcoin Futures And How Will They Work In 2022?
November 4, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin19,210 0.51 % 0.18 % 10.76 %
Ethereum1,073.9 0.69 % 2.53 % 13.69 %
Tether1.002 0.13 % 0.09 % 0.12 %
USD Coin1.003 0.00 % 0.14 % 0.03 %
BNB219.33 0.14 % 1.30 % 8.58 %
Binance USD1.006 0.34 % 0.41 % 0.39 %
Cardano0.4519 0.57 % 0.45 % 9.31 %
XRP0.3150 0.42 % 0.48 % 14.24 %
Solana33.19 0.19 % 1.99 % 21.69 %
Dogecoin0.06682 0.31 % 0.05 % 2.55 %

bitcoin
Bitcoin (BTC) $ 19,280.43
ethereum
Ethereum (ETH) $ 1,066.92
tether
Tether (USDT) $ 1.00
usd-coin
USD Coin (USDC) $ 1.00
bnb
BNB (BNB) $ 219.38
binance-usd
Binance USD (BUSD) $ 1.00
cardano
Cardano (ADA) $ 0.454451
xrp
XRP (XRP) $ 0.315862
solana
Solana (SOL) $ 33.29
dogecoin
Dogecoin (DOGE) $ 0.066616