Besides just using it for gaining access to the dashboard, how exactly is the token going to help with stopping DeFi scams?
In simple terms, Crypto Scam Defence Token is a blockchain-based asset that people buy in order to meet the requirement of
Our highly motivated professional team found ways that make things work differently. Aggregating various technologies we can scan, compare with past behaviors, track down each transaction made on any network, those based on the following layers:
1. The algorithm based that's extracting data from various blockchains (ETHScan, BSCscan, TRX, ChainLink, and so on)
I wonder how your algos will work on determining which coin is scam and which one is not. I mean some scenarios where there is an exit scam planned. it's hard to know how it will be pulled off or when it will be abandoned since most scammers are now aware that people know of the old rug pulling and honeypot techniques.Our highly motivated professional team found ways that make things work differently. Aggregating various technologies we can scan, compare with past behaviors, track down each transaction made on any network, those based on the following layers:
1. The algorithm based that's extracting data from various blockchains (ETHScan, BSCscan, TRX, ChainLink, and so on)
When analyzing other cryptos the automated scoring mechanism based on well-defined algorithms and machine learning behavior comparison plus instant reports of tracked transactions and the second layer of human experts interactions will serve you a powerful CSD utility described in the Token Utility chapter. Even if the experts' prediction for the CSD is that it will rapidly gain popularity, we prefer to be neutral and focus on our scope to be your best buddy consultant that will assist you each step of the way to DeFi revolution and one step closer to money revolution with minimized risks of being scammed.
Our highly experienced team developers and blockchain experts advisers came with a stack of technologies that can make it possible to instantly analyze and score any active smart contract. At the time of writing this, we gathered enough past data and we started to build models of behaviours.
Technologies & Solution Architecture
What is a Tech Stack?
A tech stack refers to a set of tools, programming languages, and technologies that work together to build digital products or solutions such as Crypto Scam Defence solutions. A tech stack consists of two equally important elements: the frontend (client-side) and backend (server-side). Both work together to create a working tech stack.
Check more information in the following Imgur link - https://imgur.com/a/WoqOmP7
Project Architecture
Crypto Scam Defence architecture diagram with the interactions between applications, microservices, databases, blockchain data aggregator, machine learning instances, third parties API integrations and web users. https://imgur.com/a/8BECGXb
Crypto Scam Components
UI/UX CSD Application Components
Structural Components – client and server sides.
FE Component - client component is a representation of a web application’s
functionality that the end-user interacts with.
BE Component - server component built using PHP with a mix of microservices
or a combination of several programming languages and frameworks, including Java, NodeJS, PHP, and Python.
The server component has many parts: app logic,
data storage, third parties integrations for data aggregation, microservices and machine learning instances. It’s the main control centre of the web application which provides continuous access to data for the FE users and connected endpoints. This is where the data is ingested and routed to the data storage or exposed to FE.
Token utility use Cases
Simplified trading
In the current DeFi marketplace, though, managing your portfolio still requires daily diligence, and that can take up a lot of time. This raises the question: Is there a way to benefit from DeFi without giving away all your time, and potentially all your money, too? DeFi may be difficult, but making money from it doesn’t have to be. By aggregating various technologies we make it possible! Your CSD Token acts as a safeguard for your investments.
Automatic scoring mechanism
The auto-scoring mechanism functionality is developed to analyze the various crypto smart contracts, transactions, holders, wallets, and behavior comparisons to give them a score based on well-defined criteria from blockchain experts. We cannot predict asset values on the market and it’s not in our scope of work but we can give you a score to help you make investment decisions. The experimental proof of concept results showed us a high correlation between the scores of the auto-scoring mechanism and the manual scoring. The second layer of human expert crowdsource will add a more precise score.
Rug pull and scam detection
Based on the blockchain enterprise subscription plans we have access to their professional API endpoints to fetch any smart contract data including pending transactions so we can easily instantly detect any movements of funds. As described in previous chapters, our detection mechanism once detected can send notifications To CSD Token holder when specific events trigger the mechanism.
Smart contracts monitoring
Related to the same mechanism, different techniques can be applied with defined patterns to continuously monitor such data in the blockchain.
Address monitor
The same principle can be applied also on user-defined “watchers” to keep an eye on Wallet addresses added into monitor service as a custom job with custom criteria.
Transactions track down
In our early stage when tests have been made as described in the proof of concept chapter we succeeded with no doubt not only to track down transactions but also we
detected blockchain shifts and came back to the original owner including associating transactions with fraud projects and repetitive transactions with other addresses related to the same practices.
Blockchain shift detection
As described above we are able to track down transactions outside of the blockchain boundaries so we can keep track not only in the current network. Following these criteria, if we identify abnormal activity or we link one address to fraud in one network, we already have a bad score applied to the address in the other end. The chances of not being accurate are pretty low.
Behaviour comparison
Starting from the moment when machine learning is getting outside of the testing lab stage as described in the proof of concept chapter, once into the production environment will add a layer of behavior comparison with past projects using AWS AI scalable instances and save data into our data storage for instant future reports.
User defined instant notifications
At the cost notification service providers, any CSD Token holder can spend part of their CSD into being notified when specific events trigger defined criteria. CSD Tokens spent on special services like this one will be transferred to the team wallet for operational costs and further improvements of cryptoscamdefence.com.
Smart contracts whitelisting/blacklisting
Terms such as “blacklist” and “whitelist” were commonly used within cybersecurity and infosec circles to simply designate what person or application can access a system or network (and which ones were denied). Our scoring mechanism once filled with the qualified confirmed result against the detected smart contract scam project will automatically blacklist in our data storage and flag it as a highly risky investment with the option for the contract owner to be whitelisted back once it will pass all stages of the validation process where also the community it is involved.
On top of this validation process being whitelisted by CryptoScamDefence gives contracts the badge of trust verified by cyptoscamdefence.com and community experts. Our scope of work is not only acting as arbitrage middleware but also based on our team experts together with CSD community voice and certified experts will provide enterprise-level audits to support newly created projects to get popular and trusted by the community and potential investors
More features to come
Crypto Scam Defence business model needs continuous improvement and focus on the community voice. Incremental changes into product feature it’s already on the checklist as continuous upgrades and implementation of any solid new features. Constant feedback from the community is an important aspect of the continuous improvement model. Open communication during every phase of executing an improvement is critical to both the final results of the improvement and to the maintenance and project managing costs. Making continuous improvement part of company culture is an excellent and cost-effective approach to tackling an organization’s most difficult challenges. When supported by improvement technology, results can be achieved quickly and success can be sustained over time.
In the current DeFi marketplace, though, managing your portfolio still requires daily diligence, and that can take up a lot of time.
This raises the question: Is there a way to benefit from DeFi without giving away all your time, and potentially all your money, too?
DeFi may be difficult, but making money from it doesn’t have to be. By aggregating various technologies we make it possible! Your CSD Token acts as a safeguard for your investments.
As mentioned in the introduction part, our business model is focused on helping many people from all over the globe to not be tricked by fraudulent projects that can leave them with permanent material loss. The biggest risk that DeFi investors need to worry about is losing all the money but this isn't the only thing they should be worried about. As described above in the chapter Introducing Crypto Scam Defence Solution to DeFi Scams Problem our focus is to gather 10 Crypto Scam Defence information and use data to develop new algorithms in order to identify fraudulent behaviour models.
