- SCAM Coin has a complex mechanism to identify and expose fraudulent activities
- The platform carries out a thorough investigation and publishes findings every Friday
- SCAM V3 transaction fees are allocates to a reimbursement pool, scam victims get the funds
SCAM Coin, a one-of-a-kind cryptocurrency and blockchain project aimed at preventing scams and exposing fraudulent behavior, launched on June 19, Bankless Times learned from a press release. It aims to create disruption in the industry and set a new standard of trustworthiness.
A commitment to the truth
In light of the recent surge in deception and unethical acts in the industry, SCAM Coin is not only committed to the truth, but also to compensating victims. By combining careful research, transparency, and community involvement, SCAM Coin is transforming the attitudes about how vulnerable the crypto market is to scams.
A SCAM Coin spokesperson said:
As the instances of fraudulent projects and scams have risen in the cryptocurrency space, it has become crucial to take a stand against such activities. SCAM is here to counteract this pressing issue, expose deceptive practices, and partially reimburse victims. Our focus is on transparency, community involvement, and vigilant research.
How does it work?
SCAM Coin has a complex mechanism to identify and expose fraudulent activities. The platform carries out a thorough investigation and publishes findings every Friday. The findings shed light on fraudulent methodologies, illicit gains, associated scams, and other questionable activities of entities investigated over the past week.
Scam victims get compensation from a reimbursement pool
What’s more, SCAM Coin offers the community further support through its unique reimbursement model. It charges a fee on each transaction made via the SCAM V3 contract, which it allocates to a reimbursement pool. Scam victims then receive these funds on a monthly basis, with the hardest-hit ones getting the most.
SCAM Coin also uses memes and stories on social media to educate the public about malicious entities and deceptive practices while encouraging ethics and transparency within the community.
Backed by a team of blockchain analysts
SCAM Coin is staffed by dedicated researchers and blockchain analysts who specialize in blockchain investigation. As the platform grows, the team plans to expand and involve the community even more.
Tokenomics
The total number of SCAM coins in circulation is 100,000,000, distributed as follows:
Presale: 29%
Burn: 20%
DEX Listing: 15%
CEX: 10%
Treasury: 10%
Private: 8%
Marketing and Partners: 8%
