Polkadot incentivizes its group to battle scams by means of an “anti-scam bounty”

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Polkadot, a protocol that connects blockchains, has introduced its newest initiative to assist its ecosystem battle scams. 

In response to the corporate, counting on security-minded people inside its group to battle scams has confirmed to be an efficient technique of safeguarding its ecosystem. To incentivize the members of its group to proceed to do the work, Polkadot persistently rewards them with bounties paid in USDC. 

Polkadot shared that its bounty is presently managed by the final curators, which for now, consists of three group members, and two individuals from the W3F Anti-Rip-off division. Nevertheless, in the long run, Polkadot hopes that the bounty can be ultimately managed completely by the group. 

As a part of the community-led anti-scam initiative, group members are tasked with discovering and taking down rip-off websites, pretend social media profiles, and phishing apps, in addition to defending its Discord servers from raids. Moreover, the group will create academic supplies for customers in addition to an Anti-Rip-off Dashboard to behave because the central hub for all anti-scam actions in its ecosystem.

General, the initiative encourages taking part members to give you concepts for increasing anti-scam actions to different areas. By decentralizing its anti-scam efforts, the Web3 Basis and Parity have shifted their decision-making course of to the group. 

Associated: Polkadot co-founder Gavin Wooden steps down as CEO of Parity

Polkadot seems to be making the required strides to develop and strengthen its ecosystem. On Oct 17, Cointelegraph reported that Polkadot hit an all-time excessive in growth exercise. Mission builders reported that 66 blockchains at the moment are stay on Polkadot and its parachain startup community Kusama.

Since its inception, over 140,000 messages have been exchanged between chains through 135 messaging channels. Collectively, the Polkadot and Kusama treasuries have cumulatively paid out 9.6 million DOT and 346,700 KSM ($72.8 million whole) to fund spending proposals within the ecosystem.

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