The BNB Smart Chain announces the launch of its new DappBay platform with Red Alarm system.
DappBay’s unique Red Alarm feature discovers new web3 projects, and scans them to gauge their real-time risk levels. It sends alerts to users if a decentralized application (DApp) has defrauding elements.
DappBay presents Gamefi, DeFi, NFT and other projects with “Fastest User Growth”, “Best Performing Tokens”, and “Trending” rank labels. This makes discovering investment avenues easy.
“Most importantly, the Red Alarm feature helps users in staying one step ahead of scammers; the system warns in real time of potential risks associated with the projects, allowing the community to make informed investment decisions,” says Gwendolyn Regina, Investment Director, BNB Chain.
A contract risk scanning tool, the Red Alarm feature will let users avoid risky projects. Users can save their investments from potential rug pulls via referring to the projects’ logical flaws in the Red Alarm results.
Also read: Binance BNB Chain Unveils Enhanced Technical Roadmap For 2022
The new Red Alarm feature will help users collate details of and rank promising BNB Beacon chain’s DeFi and NFT projects. In doing so, DappBay would help users comprehend market trends and project rankings in real-time. DappBay will also allow DApp developers to list their projects.
DappBay would also synthesize and list details of projects with potential, letting users know about genuine projects in advance.
