Cryptocurrency News

BNB Chain launches DApp platform with ‘Red Alarm’ to warn users about scams

07/15/2022

Less than a minute

2022.07.15 03:53

BNB Chain launches DApp platform with ‘Red Alarm’ to warn users about scams

BNB Chain has launched a new platform, DappBay, to discover new Web3 projects. DappBay is equipped with a novel feature called Red Alarm (NASDAQ:ALRM), which assesses project risk levels in real-time and alerts users of potentially risky decentralized applications (DApps), according to a Thursday announcement.

Red Alarm is a contract risk scanning tool offered by DappBay that helps users identify high-risk projects to protect their investments from rug pulls and scams. Users can check if a contract address has logical flaws or fraud risks by entering it into the Red Alarm feature.

07/15/2022

Less than a minute

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