How Does Scamfari Work?

Scamfari works on the principles of cooperation and transparency. The project invites users worldwide to actively contribute to detecting and reporting fraud, phishing sites, and fraudulent blockchain projects.

Crowd-Sourced Vigilance

Scamfari leverages the collective efforts of the crypto community. Users can report suspicious activity and projects through a convenient website.

Categorization

To simplify the reporting process, users categorize the nature of the scam, choosing from options such as «Social Media Scammer», «Fraudulent Website», or «Scam Project/Rug Pull».

Submission and Verification

Reports are submitted with evidence. The Scamfari team uses advanced tools and real-time data sources to verify the accuracy of the information provided.

On-Chain Transparency

Applying the principles of Web3 technology, Scamfari takes transparency to the next level by logging submissions and rewards on the blockchain

Rewards and Recognition

Realizing that community participation is the cornerstone of success, Scamfari rewards users for their validated submissions. This encourages an active and vigilant user base.

Tokenomics of SCM

SCM is Scamfari's native asset. The asset empowers the Scamfari community and rewards active users of the platform for their expertise in detecting fraud. Let's get to know the project asset better through its tokenomics. A total supply of SCM is 100 000 000 000 of SCM tokens. This amount was distributed in the necessary proportions among the project's funds and initiatives. The project allocates 10% of the total amount of SCM for distribution within WhiteBIT Launchpad. 20% of this amount will be credited to participants as part of the initial distribution. Six months later, 80% of the tokens will begin to accrue to participants over a 12-month period.