How will investors know which projects to trust?
Attention Crypto Investors:
According to CNBC in 2021, record thefts were reported in the crypto space which cost investors over $14,000,000,000. Scammers are getting better and better, successfully succeeding in some cases in fooling even well-known audit service companies such as CertiK.
PLEASE BE AWARE THE FRAUD IS EVERYWHERE!
BNB Hero Token ($BNBH) for example recently pulled the rug on its investors. This was a project that had an official Certik audit. https://coinmarketcap.com/fr/currencies/bnb-hero-token/ Even with an official Certik audit, scammers can still win.
These events make us feel insecure, and the predominant question in our minds is “How do we protect ourselves from these scams?” and “How will investors know which projects to trust?”
CheckDot aims to prevent fraud. By using a decentralized verification process, CheckDot will help decrease the number of fraudulent projects and protect investors.
CheckDot has managed to implement an automatic examination and classification of projects that helps investors understand the level of risk they are exposed to when investing in a new project.
How does this work ?
CheckDot will issue a Trust Index Score for every blockchain project. The Trust Index is the result of an arithmetic calculation of 3 representations: Maturity Score, Community Score and Technical Score. This score will be posted on the official CheckDot application at app.checkdot.io.
For a project to be considered very secure, the Trust Index score must be >70%, and if a project has <25%, it is considered very dangerous to invest in it, which can be a scam!
New projects are being released every day. Always look for the CheckDot Trust Index NFT before investing!
STAY SAFE! USE CHECKDOT!
CheckDot Application: app.checkdot.io
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Website: https://checkdot.io
