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Polkadot incentivizes its neighborhood to battle rip-offs through an “anti-scam bounty”

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Polkadot, a procedure that links blockchains, has revealed its newest effort to aid its community battle frauds. 

According to the business, relying on security-minded people within its neighborhood to battle frauds has tested to be an reliable approach of protecting its environment. To incentivize the members of its neighborhood to continue to do the work, Polkadot regularly rewards them with bounties paid in USDC. 

Polkadot shared that its bounty is presently handled by the basic managers, which for now, consists of 3 neighborhood members, and 2 individuals from the W3F Anti-Scam department. However, in the long term, Polkadot hopes that the bounty will be ultimately handled specifically by the neighborhood. 

As part of the community-led anti-scam effort, neighborhood members are entrusted with finding and taking down rip-off websites, phony social media profiles, and phishing apps, as well as safeguarding its Discord servers from raids. Additionally, the neighborhood will develop academic products for users as well as an Anti-Scam Dashboard to act as the main center for all anti-scam activities in its community.

Overall, the effort motivates takingpart members to come up with concepts for broadening anti-scam activities to other locations. By decentralizing its anti-scam efforts, the Web3 Foundation and Parity have moved their decision-making procedure to the neighborhood. 

Related: Polkadot co-founder Gavin Wood actions down as CEO of Parity

Polkadot appears to be making the required strides to grow and enhance its community. On Oct 17, Cointelegraph reported that Polkadot hit an all-time high in advancement activity. Project designers reported that 66 blockchains are now live on Polkadot and its parachain start-up network Kusama.

Since its beginning, over 140,000 messages haveactually been exchanged inbetween chains bymeansof 135 messaging channels. Together, the Polkadot and Kusama treasuries have cumulatively paid out 9.6 million DOT and 346,700 KSM ($72.8 million overall) to fund costs propositions in the environment.

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