The purpose of an audit is to assess the security and reliability of a project's smart contracts and identify any potential vulnerabilities or weaknesses that could be exploited by attackers.

An audit involves a thorough review of a project's code, testing its functionality and identifying any potential security flaws. The auditor will typically issue a report detailing their findings and recommendations for remediation.

To obtain the "AUDIT" tag on Ensured, a project would need to complete a security audit from a reputable third-party firm. The audit report would then be reviewed by the platform to ensure it meets the necessary requirements for the "AUDITED" tag.

It is important to note that an audit is not a guarantee of absolute security or protection against all forms of attack. It is simply a means of identifying potential vulnerabilities and weaknesses in a project's smart contracts. Additionally, audits can be expensive and time-consuming, so not all projects may be able to afford or complete them. However, for investors looking for an added level of assurance, the "AUDITED" tag can provide some measure of confidence that a project has taken steps to ensure the security and reliability of its smart contracts.

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