Gnosis Multi-sig successfully implemented!

We have transfered BalleMaster ownership, our MasterChef contract, straight to Gnosis Multisig Governance!

Hello Everybody!

After launching the platform, we are proud to announce that we have successfully implemented Gnosis Multisig.

What is a Multi-sig Wallet? It is a cryptocurrency wallet that controls the access and changes to one or multiple Smart Contracts. ballena.io is one of the first projects on the Binance Smart Chain implementing Gnosis Safe. Most of the Community-leaded projects on the Ethereum net require multi signature to assure everybody’s security.

As advantages, we can mention the safe storage of digital assets, being controlled by the Community itself. The assets are distributed within different wallets under very strict protocols, based on our DAO fundamentals.

What’s important?

We have successfully transfered the ownership of our MasterChef contract to the Multi-sig Wallet! This way, the most important operations need to be signed by the 66% of the participants. This makes difficult to carry illicit actions and makes impossible to make substantial modifications without the required signatures.

Your security is the most important thing for us, that’s why we work hard to keep it at a high standard.

Ownership transfer transaction: https://bscscan.com/tx/0x952098cb59a42db3146cd831b6cfa70e19e0fe1

Would you like to get more information about our wallets? Please check the following link for further details: https://docs.ballena.io/v/en/dao-organization/gnosis-multisig-system

Community 🐋

If you have any questions, reach us out on any of our channels. Our community is awesome and there’s always someone to help out. Even if you don’t have doubts, come say hi!

Twitter: https://twitter.com/ballenaio
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Website: https://ballena.io
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