Blockchain protocol Polkadot provides “anti-fraud premium” to stop crypto-fraud
Blockchain protocol company Polkadot in its recent announcement has mentioned that they will reward the community members who will help the Crypto space by stopping the possible threat of fraud in the future. Polkadot mentioned that they paid the amount in the form of USDC to all the winners.
The initiative was announced by Polka dot to work with the ecosystem that has currently moved towards the cryptocurrency environment and Polka dot assume that this measure will help to find possible frauds in the future.
source: newsbtc.com
In accordance Polka dot The company will the processes where security attention is used effectively in society to prevent fraud be an effective method to work the environment with blockchain in a safeguarded way.
In accordance Polka dot company, this initiative will help and stimulate the members of the blockchain who want to continue working with the community in a consistent way and these gifts will help the community member by getting ht rewards in the form of US coins.
Who manages Polkadot bounty community?
According to the statement from the company Polkadot, the company’s current border community is managed by the general curator consisting of three community members along with two other people from W3F’s anti-scam department. While this is the current structure of the community, Polkadot hopes that in the future this community will eventually be managed exclusively by community members only for all views and moderation.
According to the initiative in this anti-fraud process, all community members will be asked to find all the scam sites, all the fake social media profiles, all malicious apps along with the discord servers working to fake the Crypto space, these discord servers will be the raid for all these activities.
The Polkadot community will also create some educational material that will help users into a blockchain community for all possible fraud processes, along with the committee will also create a dashboard that displays all information related to the fraud and this dashboard will be seen as a central hub for all anti-fraud activities into the blocks of the ecosystem.
This initiative will encourage all community members to showcase their ideas and work against all anti-fraud activities in blockchain processes. In this way, the Polkadot community has decentralized all its decision-making and anti-fraud efforts with the help of the Web3 Foundation and the consistent support of community members in the blockchain space.
Polkadot Protocol Project developers have recently mentioned that around 66 blockchains are now live on Polkadot and on Kusama, the parachain startup network of Polkadot.
