# Sociallocket Smart Contracts

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As part of facilitating actions and transactions. Sociallocket currently utilise a variety of custom smart contracts that have been successfully audited by established external auditors.

Taking security serious, Sociallocket and its holders are provided with additional security and peace of mind by having Cyberscope audit our contracts. It's vital that audits of our smart contracts are carried out by a reputable firm as it ensures they are secure and reliable in the event of a hack due to unwarranted vulnerabilities. With discussions of **partnering and integrating** our platform with **Local Authorities and Government Officials, this is imperative**.

All contracts are based on the ERC20 standard. To ensure they are secure and stable they have been carefully designed and architected to provide security, efficiency and transparency.

Vesting contracts are tailored to fit holders' needs and provide incentives. The contracts are designed to manage and control the release of tokens over set periods, which is governed by both time and performance. This governs the contracts to ensure rewards are only given out to holders when expected. Such governance ensures token holders will always receive the amount expected when expected.&#x20;

The $SLT token includes features that allows it to not only be traded on our own DEX but also on other centralised and decentralised exchanges. Other features also consist of token supply (capped), a burn function, a transfer fee alongside staking and rewards.

&#x20;With Sociallocket being a multi-chain platform as part of adhering to our vision to be efficient, transparent and secure, we currently operate on the Polygon Network and Binance Smart Chain.&#x20;

This allow fast transactions at a low cost, removing the need to worry about high gas fees often associated with the Ethereum Network. As a layer 2 scaling solution, there are plans to deploy our contracts on other networks to provide our holders with more choice and flexibility.&#x20;
