The crew behind the interoperable blockchain mission Polkadot (DOT) says they’re working to make its ecosystem safer for customers by means of an anti-scam initiative.
DOT developer the Web3 Basis says it initially teamed up with safety companies to discourage the proliferation of scams, however the initiative finally advanced to have interaction neighborhood members who participate in preventing scams.
“That made the way in which ahead clear: we’d collect these security-minded people and reward them in a constant method for shielding the neighborhood. In different phrases, the neighborhood would shield itself.”
The Anti-Rip-off Bounty incentivizes the neighborhood for duties resembling detecting and taking down rip-off websites, pretend social media profiles and phishing apps; creating instructional materials for customers and defending the mission’s Discord servers from raids.
So far, the bounty has given 16,000 DOT in rewards, which interprets to $84,640 on the altcoin’s present worth of $5.29.
Polkadot says the initiative proves to be efficient in safeguarding the ecosystem and it now depends solely on the neighborhood to seek out and reply to rip-off websites. It nonetheless works with on-line model safety firm Attract Safety, although, to care for misleading social media accounts and rogue apps.
“Sooner or later, the aim is to entrust all elements of on-line rip-off safety completely to the neighborhood. And any firm within the area that needs to affix the bounty and contribute with their experience is welcome.”
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