ConsenSys Diligence, ConsenSys' leading comprehensive smart contract audit service, has notification about the token launch Upcoming. (Time-Unit Representative ) creates a new open marketplace for security audited buyers and sellers and goes on sale from August 15 to 19, 2022.

“TURN is the first token of its kind to quantify the immense value of smart contracts and security audits ,” said Gonçalo Sá, co-founder of Diligence in a statement on Tuesday.

“With TURN, we are coding work and helping deliver our vision of a more secure Web3 that promotes a free market economy on the Internet. ".

The upcoming auction will feature a pool of eight TURN tokens, which are compatible with ERC721 and they represent “40 hours of auditable provisioning”. Once sold, TURN can be sold on the secondary market similar to other types other, but the value of TURN is based on a "set" 40-hour period.

Consensys raised $450 million in mid-March, bringing the company's valuation to $7 billion. Consensys product suite serving millions of users because it manages , Mycrypto, Infura, Quorum, Truffle, Diligence, etc. Sa believes that TURN will benefit the blockchain and smart contract auditing industry.

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“TURN allows customers to purchase an audit package without queuing for 6 to 9 months. This is the first step towards solving the audit bottleneck in our ecosystem.”

TURN is well-suited for projects that need to be audited, and Consensys says it will allow “exploring the optimal price of service commitments and the cataloging process.” In the world of decentralized finance (), code audit can help avoid 'waste of money' errors found in faulty code.

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