I'm not a developer but there are a lot of smart contract codes on the github repo The Technical Documentation link is supposed to be in plain English very high level descriptions There are a ton of smart contract codes written in Solidity programming language It is not a dead project, it's active now, and smart contracts are being executed at minimum every 6 hours these are called epochs
I'm not shilling the project as I told you on my initial post in bold and underlined letters To be perfectly honest, you are incapable of investing in Tomb Finance as It is extremely difficult and only the most experienced crypto person can do it The project has over $1.5B worth deposited to it and verifiable on the blockchain of the Fantom network. It was less than $1B when I got in about 2 weeks ago I own over 5 Tshares and over 10,000 Tombs
I know you're no longer interested in the smart contract discussion @Mazedonia Here's a hypothetical question for you, what is protecting the $1.5 Billion of crypto assets value deposited on the Tomb Finance platform? Can't the developers simply make a change in the code to withdraw all the assets, exchange them for stable coins and run away? Smart contracts have rules and there are many safety features, one that is very important is a concept of a time-lock, which means any changes to the code cannot be executed by the blockchain (Fantom Virtual Machine) until 24 hours (fairly standard practice) or longer has passed, this one would probably be 48 hours as the there's a lockup period for stakers of 36 hours This will allow everyone to remove all the crypto assets deposited on the Tomb Finance platform if a change is malicious and we can dump them on the market. It's not ideal for everyone as it would cause the prices to crash so it hurts everyone including the developers This is part of the game theory mechanics with a lot of DeFi projects. It's more lucrative for everyone not to scam And DAO's are decentralized autonomous organizations, so the changes such as upgrades and new projects are voted by the holders of governance tokens (Tshares, Treasury Shares holders like myself) This is why the open source nature of the smart contracts are crucial and there have been many scam projects that have run away with the funds, a term we refer to as a "rug pull"
I think it's safe to say at this point that Mazedonia has already made up his mind no matter what kind of proof is shown to him. He continues to defend his claim that nobody can explain to him on how a DAO works even though we have shown him multiple examples that even a baby can understand, clear as black and white. But he refuses to admit he is wrong and still wants to defend his wrongful claim even though everyone knows its crap. I'm not trying to call him names, but isn't this the definition of ignorance? Ok, now time to block him again...