Security

Data Protection

The data collected by the Rh!noX Credit Rating System and Multidimensional Behavior Analysis Model are highly confidential to us, the wallet address owners, and project developers. We are aware that the information is sensitive and should be kept private and confidential.

The Rh!noX team is well aware of the vulnerability of the blockchain industry. We are utilizing various methods to tackle this issue from different angles.

Firstly, we are currently working with many white-hat/ethical hackers to discover any potential loopholes and bugs within our ecosystem as we build the framework of the whole Soulbound Token. We plan to spend around 3 million USD for this as any undiscovered potential threats could lead to the loss of billions of dollars.

On top of that, we will work with third-party bug bounty platforms like ImmuneFi to host Rh!noX bounty programs. This will most likely happen when the initial framework has already been finalized and we are moving into phase 2 or phase 3 of development.

Before crossing over to other blockchains like Ethereum or Solana, we will make sure the security work on BNB smart chain is nearly flawless.

Crossing to other chains is expected to bring a lot of new challenges and technical issues, and we are getting very close to the destination.

Unsecured Loan

There is a rigid and strict application system in place minimising the risk of an unsecured loan.

When applying for an unsecured loan, one must go through many procedures to verify his/her credibility and ability to pay.

On top of this, Rh!noX holders in debt will have their Rh!noX NFT locked, and they will not be allowed to trade their Rh!noX on the open market or even send it to other wallet addresses. One must repay the loan to remove this restriction. In simple terms, people can leverage the unsecured loan, but there will be a barrier to preventing it from being abused.