Preparations For Amulet Mainnet Launch Underway As Launch Date Gets Announced

The Amulet mainnet launch has officially been scheduled for 29th September, 2022. The team unveiled Amulet back in April along with the announcement pertaining to the seed funding round which amounted to $6 million being raised.

In August, the team had successfully launched the AmuNation app, gamified bounty, the testnet, and the audit report has since been published as well. Following this initial success, preparations are now being made to launch on the mainnet as aforementioned, which coincided with a launch party at token 2049 in Singapore.

What’s there to know?

Amulet is focused on providing simple and reliable cover for everyone in Web3 which comes with maximum protection and yield that is also fully protected via Protocol Controlled Reserves (PCR). In actuality, less than 5% of this industry’s digital assets are secure. Amulet Protocol hence provides additional security for digital assets through a variety of solutions such as smart contract vulnerability, stablecoin de-peg, and are preparing to provide NFT cover options.

Moreover, users can also stake with confidence through Amulet. Between claims and assets, Amulet Protocol has three layers of protection. Staking is simple, and more importantly, it comes with a very high level of security. Amulet Protocol is additionally based on the innovative use of the latest and most relevant cutting-edge technology. The hybrid claims management will see complete automation in situations like a stablecoin depegging trigger leading to payouts. Amulet Protocol’s DAO model also handles claim payouts.

Past achievements and future goals

Amulet has managed to gain plenty of noteworthy achievements thus far. For instance, it has a very active and involved community which has increased to a total of 25,000+. The community, known as AmuNation, is also largely responsible for the testnet’s success. Other accomplishments include Amulet’s unique cover model,…