Follow Us

Polkadot encourages community to fight scams via “anti-scam” initiative

Share on facebook
Share on twitter
Share on linkedin

Share

Polkadot
Share on facebook
Share on twitter
Share on linkedin
  • Polkadot, a blockchain platform and cryptocurrency has publicized its recent step to aid its ecosystem in fighting against fraud. 
  • The “anti-scam” initiative have been boosted to fight scams and fraud.

In line with the blockchain platform, depending upon security-minded persons inside its community to battle fraud is undoubtedly an effective method of protecting its ecosystem. To boost the participants of the community to carry on doing the work, Polkadot invariably rewards them with prizes given to them in USD Coin. 

Polkadot revealed that, at present,  its reward is overlooked by the general curators, which at present, is comprised of three community members and two individuals from the W3F Anti-Scam department. Although, for a long period of time, Polkadot anticipates that the reward will be finally overlooked completely by the community alone. 

As a participant in the community driven anti-fraud step, community members are given tasks such as recognizing and bringing down fraud sites, fraud social media profiles and spam apps, along with safeguarding its discord servers from raids. 

Furthermore, the community will make educational modules for users along with an Anti-Scam Dashboard to function as the central hub for each and every anti-fraud activity in its space. 

Generally speaking, the step motivates participating members to share different ideas for growing anti-scam activities in other areas. By decentralizing its anti-fraud efforts, the Web3 Foundation and equality have shifted their decision-making process to the community.

Polkadot seems to be creating the necessary steps to advance and build up its ecosystem. On October 17, a media source reported that Polkadot struck an all-time high in advancement activity. Project developers highlighted that 66 blockchains are currently live on Polkadot and its para-chain startup network Kusama. 

From the date it was established, more than 140,000 messages have been transferred between chains through 135 messaging channels. At the same time, Polkadot and Kusama treasuries have collectively paid out 9.6 million Polkadot and 346,700 Kusama, estimated at $72.8 million to fund spending offers in the ecosystem. 

The first position

On November 17, a twitter handle named Polkadot insider posted revealing that Polkadot held the first position in regards to the highest development activity. It further added, “bear market is for builders to grow, and Polkadot takes the chance.”

At the time of writing, Polkadot is 0.55% up from the past 24 hours and currently trading at $5.32 with a total circulating supply of 1.16B DOT. 

Leave a Reply

Your email address will not be published. Required fields are marked *

Download our App for getting faster updates at your fingertips.

en_badge_web_generic.b07819ff-300x116-1

We Recommend

Top Rated Cryptocurrency Exchange

-
00:00
00:00
Update Required Flash plugin
-
00:00
00:00