Meet Scamfari, the First Project on WhiteBIT Launchpad
The first voting on WhiteBIT Launchpad is right around the corner, and it’s time to uncover the specifics of the first project. After careful consideration, we’ve chosen Scamfari as our candidate. We resonated with the project’s ideas and mission, but the final decision is yours. Let’s go!
Introducing Scamfari in a Nutshell
Scamfari, created by the HAPI Foundation*, is a crowdsourcing platform that unites the cryptocurrency community in promoting security awareness within the blockchain realm. The goal of the project is to collect a database of crypto wallets of fraudsters and wallets involved in raising funds for criminal or terrorist activities. Credibility is maintained through dependable sources and real-time tools.
*HAPI Foundation is a blockchain cybersecurity services company.
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. Learn more about Scamfari tokenomics in the table.
| Category | Percentage | Unlocking | Vesting Schedule | Token Allocation |
| Public sale | 10% | 20% | 80%/12 months | 10 000 000 000 |
| Public sale (Security Round) | 0,5% | 20% | 80%/12 months | 500 000 000 |
| Initial Liquidity | 5% | 100% | – | 5 000 000 000 |
| Marketing | 5.5% | 10% | 80%/24 months | 5 500 000 000 |
| Platform Rewards | 30% | 0% | 1% monthly | 30 000 000 000 |
| Company | 15% | 0% | 10% annually | 15 000 000 000 |
| Team | 5% | 0% | 10% annually | 5 000 000 000 |
| Listings | 10% | 0% | – | 10 000 000 000 |
| Security Fund | 3% | 0% | – | 3 000 000 000 |
| Retrodrop | 5% | n/a | – | 5 000 000 000 |
| Ecosystem Fund | 11% | 0% | – | 11 000 000 000 |
Scamfari invites everyone interested in the crypto ecosystem to join forces to reduce the risk of fraud in the blockchain space. In an environment where trust is paramount, Scamfari stands as an example of the collective collaboration and technological innovation that underpins the sustainability of the crypto community.
