Besides just using it for gaining access to the dashboard, how exactly is the token going to help with stopping DeFi scams?
In simple terms, Crypto Scam Defence Token is a blockchain-based asset that people buy in order to meet the requirement of
Our highly motivated professional team found ways that make things work differently. Aggregating various technologies we can scan, compare with past behaviors, track down each transaction made on any network, those based on the following layers:
1. The algorithm based that's extracting data from various blockchains (ETHScan, BSCscan, TRX, ChainLink, and so on)
I wonder how your algos will work on determining which coin is scam and which one is not. I mean some scenarios where there is an exit scam planned. it's hard to know how it will be pulled off or when it will be abandoned since most scammers are now aware that people know of the old rug pulling and honeypot techniques.
The first platform built to stop DeFi scams (RugPulls, HoneyPots)
Our business model is focused on helping many people around the world not get scammed by fraudulent projects.Nice concept and I hope it does help people but we have to be real, decentralisation always present opportunities for bad players to negatively impact a community.
The best way to reduce fraudulent projects is to educate every newbies and even some old timers in Crypto the dos and don'ts of investing in Altcoins which I don't think your platform is offering. If you can do that and also keep updating your notes, I think your token will have some value.
Hello there!
DeFi rug pulls and exit scams formed 99% of all crypto frauds in 2020. DeFi-related hacks now make up more than 60% of the total hack and theft volume in 2021, a large increase from only 25% in 2020. DeFi is an especially unforgiving space – usually, there aren’t any good ways to recover funds or hold malicious actors accountable. However, if you know what to look for, you may be able to decrease the chances of scammers taking advantage of you.
Based on our blockchain experts advisors, we have gathered enough information to identify and predict such practices. We started by aggregating data providers such as Market Link, Chain Link, Etherscan, BscScan, etc. to have enough information, and based on past projects and their behavior, a set of well-defined algorithms and models will give a score to each newly created crypto. Our highly motivated professional team found ways that make things work differently. Aggregating various technologies we can scan, compare with past behaviours, track down each transaction made on any network. Analyzing the movement of funds we scraped and linked over 2.7 million transactions across different blockchains and we found over 100 000 cases of shifts and come back to the original owner. We collected and analyzed transaction data across eight different blockchains to identify how users interacted and we developed new heuristics and identified various patterns of cross-currency trades.
https://imgur.com/a/zbGz91n