BNB Chain has launched a new platform, DappBay, to discover new Web3 projects. DappBay comes with a new feature called Red Alarm, which assesses project risk levels in real time. and alerting users about risky decentralized applications (DApps), announced Thursday.
You can now use DappBay on #BNBCChain to seamlessly risk screen Web3 projects.
Practical help in discovering innovative Web3 projects
Red Alarm assesses project risk levels in real time and alerts users of potentially risky dApps
Learn about DappBay
https://t.co/2IZwAVThRi pic.twitter.com/LJUJzdPOsH
— BNB Chain
(@BNBCHAIN) July 14, 2022
Red Alarm is a contract risk scanning tool offered by DappBay that helps users monitor high-risk projects to protect their investments from rug pulls and scams. Users can check whether the contract address is flawed or vulnerable to fraud. by entering it into the Red Alarm feature.
Gwendolyn Regina, Investment Director at BNB Chain, said DappBay allows the BNB Beacon Chain community to select and rank the best recently launched projects. such as decentralized finance (DeFi) and NFT tokens using market data.
“Most importantly, the Red Alarm feature will help users stay one step ahead of scammers. by a real-time warning system of potential risks associated with the project enabling communities to make informed investment decisions.”
DappBay’s goal is to help the community understand market trends by rating the most current projects. and predict project hazards in real time. There are also other features that allow DApp developers to list their projects on DappBay.
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