BNB Chain launches DApp platform with 'Red Alarm' to warn users about scams
DappBay's Red Alarm is a contract risk scanning tool that helps users identify high-risk projects to avoid rug pulls and frauds. BNB Chain has launched a new platform, DappBay, to discover new Web3 projects with a novel feature called Red Alarm. The new alarm assesses project risk levels in real time and alerts users of potentially risky decentralized applications (DApps), according to a Thursday announcement.Red Alarm is a contract risk scanning tool offered by DappBay that helps users identify high-risk projects to protect their investments from rug pulls and scams. Users can check if a....
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BNB Chain's Red Alert system flags projects based on obvious features that have been historically used in scams, rug pulls and phishing. BNB Chain, a blockchain network created by crypto exchange Binance, identified over 50 on-chain projects that pose a significant risk to the users. A mix of crypto spin-offs resembling Dogecoin (DOGE) and Binance and others dedicated to pandas, cyborgs and koalas made the list as untrustworthy and high-risk projects.BNB Chain’s Red Alarm feature, which was implemented to protect investors from potential rug pulls and scams, flagged projects based on two....
The Department of the Interior of Uruguay is taking steps to warn users about the danger they face when investing in certain crypto projects that could be scams. The campaign is called “Fake Coins: Cryptocurrency Scams” and seeks to educate the population about the most common kinds of crypto scams.
Uruguay Educates on Crypto-Related Scams
More and more government bodies are becoming aware of how some parties are using crypto to execute different kinds of scams, and also more of these institutions are working to educate citizens on this fact. The Ministry of the....
PRESS RELEASE. EverRise launches their fifth decentralized application (dApp) today, EverSwap, a multi-chain decentralized exchange (DEX), with a Native Coin Swap feature powered by their cross-chain bridging dApp EverBridge. The Native Coin Swap (NCS) functionality lowers the barrier to entry for those interested in the multi-chain DeFi space by making the cross-chain experience accessible and seamless with fewer steps, fewer fees, and faster transfers.
With EverSwap’s Native Coin Swap, users will be able to swap native cryptocurrencies, starting with Ethereum (ETH /....
DeFi Yield Protocol (DYP) has launched its staking and governance DAPP that looks to improve earning opportunities for users. A unique feature of the launch is that liquidity providers will be rewarded in Ethereum and all the liquidity pools are deployed with anti manipulation features as well as 2.5% slippage. DYP Holders Able to Vote on Governance By holding DYP, you will be able to use DYP governance and vote to add additional liquidity mining pools, burn tokens or allocate DYP towards grants, strategic partnerships, governance initiatives and other programs. All that is required to....
On the horizon of yield farming Dapp on Binance Smart Chain, it is hard to find the best ones. What is the best option for Dapp, which offers high ROI to their customers and is also secure? The innovative Dapp BUSDMatrix has been recently talked about a lot in the crypto community. It is a […]