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Risk Factors and Remedies:
Proto.Gold is based on a decentralized protocol, exchanged on a decentralized platform, and governed by a decentralized organization. Still, it is important to note that, like any project, it is not completely devoid of risk. Below, in no particular order, are some of the issues that should be considered before joining our community.
Deteriorating cryptocurrency market conditions ⎯ The broader cryptocurrency market is characterized by volatility and it is unrealistic to think that Proto.Gold will be totally immune to forces affecting the overall market.
The current traditional macroeconomic environment is favorable to the growth of trustless assets but there is no assurance that that will continue. Likewise, there is no assurance that the cryptocurrency market will maintain its relatively uncorrelated relationship with traditional markets and the macroeconomic risks that they entail.
Counterparty Risk ⎯ Proto.Gold has limited ability to influence or assure the ongoing performance of our partners and vendors. However, we carefully vet all of our partners with a focus on financials, market position, track record and management strength.
Contract bugs ⎯ All of Proto.Gold’s contracts are being audited by a firm who is established and competent in their craft (and will be formally announced upon our audits completion). In addition, resources are set aside within the development fund to perform periodic audits on both our operating code and funding levels. Still, no audit is perfect and cannot totally eliminate the possibility of an exploitable flaw.
Malicious actors ⎯ Any popular asset can attract malicious actors and Proto.Gold is no exception. However, the extremely decentralized nature of our architecture mitigates many of the attack vectors associated with centralized counterparties. In addition, our DAO-based governance system minimizes the possibility of damage from within as the structure ensures that many incentivized eyes will be observing the operation of the project firsthand.
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