Asura Coin’s ICO To Be Launched As A NEP-5 Token

Asura Coin’s (ASA) Initial Coin Offering expects to launch as a token of NEP-5 early next month. The coin’s goal is to become the first eSports gaming platform in the world that is self-sustaining. It will offer a community, coaching, tournaments, matchmaking, live streaming and betting features.

According to Asura Coin, an in-house competitor analysis revealed the token performed better compared to tokens such as Dmarket, Unikoin, First Blood and Enjin. All of those tokens are based on the Ethereum (ETH) blockchain. Currently, an alpha version of Asura World is available for exploration and evaluation before fundraising kicks off. In Q1 of 2019 after this year’s testing finishes, the will hold Asura World Monthly Tournament.

Storage injection vulnerability

This comes after reports indicating NEO tokens are vulnerable. According to The Ontology team, Red4Sec, a security audit firm, discovered the storage injection vulnerability. The vulnerability is in the code written for the smart contracts of NEP-5, and this flaw made it possible for an attacker to institute changes in the contract storage. For instance, it made it possible to burn a particular number of tokens as well as change the total supply status within the contract. However, the vulnerability does not result in a change of the actual supply volume . Additionally, the cost of such an attack would be disproportionately high, thereby limiting the risk of damage.

Per the Ontology team, the attack did not affect holder accounts. The accounts are secure and safe. The team also assured users that they are constantly working to achieve maximum security.

“[We] will continue to follow the progress of the vulnerability and maintain close communication and technical cooperation with related organizations to ensure the security of ONT holders accounts,” wrote the Ontology team in a blog post.

Cryptocurrency ratings

In an ratings report that was recently released by the China Center for Information Industry Development, NEO (NEO) blockchain was ranked third among 28 blockchain projects. First on the list was Ethereum scoring 129.4 points based on innovativeness, application usefulness and technological capability. Other digital currencies in the top five include Steem (STEEM), Lisk (LSK) and Komodo (KMD). Steem scored 115.9 points while Lisk accumulated 104.8 points. NEO and Komodo scored 103.0 and 101.5 points respectively.