Shentu (CTK)

Utility and Core Functions

Shentu is a blockchain platform focused on security for blockchain projects. Its native token, CTK, is used to pay for gas fees, stake for network consensus, and participate in governance voting. It powers on-chain features like the Security Oracle, which provides security scores for smart contracts, helping users make safer decisions.

Security Services

Shentu offers ShentuShield, a decentralized membership system that allows users to get reimbursements if their crypto assets are lost or stolen due to security issues. It also uses the Security Oracle to monitor and flag risky smart contracts, preventing malicious transactions.

Development and Integration

Shentu supports developers with a secure programming language called DeepSEA and a virtual machine (CVM) fully compatible with Ethereum’s EVM. This helps build secure decentralized apps (dApps) and blockchains that can interact with other ecosystems.

Community and Ecosystem

CTK tokens are used for staking to support network security and earn rewards. The platform also engages with other blockchain projects for partnerships, technical integrations, and community education through tutorials and events.

For more details, visit the official Shentu website at shentu.org.

Pros

• Security Focus: Shentu offers strong blockchain security services including a Security Oracle that provides real-time security checks and flags potential threats on smart contracts and transactions.
• Decentralized Reimbursements: Through ShentuShield, it provides a decentralized system to reimburse lost or stolen crypto assets, supported by community governance.
• Advanced Technology: Uses DeepSEA, a secure programming language for creating verifiably safe smart contracts, and a virtual machine fully compatible with Ethereum’s EVM.
• Cross-Chain Compatibility: Built on Cosmos SDK with Tendermint consensus, it supports interoperability with other blockchains and EVM-compatible chains.
• Staking and Rewards: CTK token holders can stake their tokens to earn rewards and participate in network security and governance.
• Trusted by Big Names: Several major blockchain projects and companies like Binance Coin, AAVE, and Crypto.com use Shentu’s security services.

Cons

• Complexity: The advanced security features and programming language may be difficult for beginners to fully understand or use.
• Market Volatility: Like most cryptocurrencies, CTK’s price can be volatile, which may affect investment value.
• Dependence on Ecosystem Growth: The value and utility of Shentu depend on adoption by blockchain projects and developers.
• Staking Risks: While staking offers rewards, it requires technical knowledge and commitment to avoid penalties like slashing.

Overall, Shentu is strong in blockchain security and interoperability but may require some technical understanding to fully benefit from its ecosystem.

Founders

Shentu was founded by Ronghui Gu and Zhong Shao, both of whom are computer science professors with strong backgrounds in security solutions development.

Investors in Shentu

Shentu has attracted investment from various private and institutional investors during its funding rounds. While specific names of all investors are not publicly detailed, the project has raised funds through private sales and seed rounds. These investors typically include venture capital firms and high-net-worth individuals interested in blockchain security and infrastructure.

The project was founded by professors from Yale and Columbia Universities, which adds credibility and attracts academic and professional interest.

For the most detailed and up-to-date list of investors, official sources like Shentu’s website or investment platforms such as PitchBook or ICO analytics sites can be consulted.

Shentu Halal Status

• Yes, Shentu is considered halal.
• The staking mechanism and business model focus on real work securing the network and providing legitimate blockchain security services, which align with Islamic principles.
• It does not involve prohibited activities and offers real utility through smart contract auditing and threat detection.