A war against scammers and rugs in the investing market and crypto world raged by Anonymous developers.
This project was started by a group of anonymous developers keen on investing in the Binance Smart Chain. However, this place is crawling with scammers, and the structure is not robust enough to safeguard potential investors from scams. There is no decentralization, and as such, no regulatory body, this tumbling structure gave rise to the idea of this project.
The team is a supporter of people’s fundamental freedom and privacy in the digital space. It fumes their fury when they witness people scamming and making money through unscrupulous practices. To save innocent investors from such problems, the team has shared three types of scammers present in the market to make the community acquainted with signs of scams.
#1 Bad Developers With Recurring Habits
When asked about what these bad actors do, the Anon group explained that such people are scammers who resemble leeches and try to scam people with the same trick repeatedly until their identity is revealed.
These scammers operate with malicious intent and often feed off the newcomers in the market. Their identity is hidden behind one or two layers of disguise, which prevents anyone from tracking their real names or wallets.
These are the most prevalent types of scammers in the market. They repeat a cycle until some skilled person gets wind of their fraud and kills the chain. Anonymous BSC has been taking adequate steps to get rid of such people and make the market a haven for new investors.
#2 Hidden Whales
Anon group mentions the prevalence of these whales in the market. As more and more people join the investment market, these unknown threats try to steal more money every time. A hidden whale has obscured the identity behind the real holders in a BSC. Hackers and developers with malignant motives may hide behind by deceiving real holders and easily getting away with their fraudulent practices.
To fight this category, Anonymous BSC has an anti-whale policy in place. They have a contract with a maximum limit per transaction and maximum holding limit set to 100m and 200m coins. This will prohibit significant funds from being moved around in the market and cap the limit on the activities of the whales.
#3 Hidden Contract Functions
Contracts are an extensive document. People often ignore the hassle of reading them and missing vital information, which becomes a headache in the future. A contract usually contains hidden functions like trade restrictions, transfer functions, and mint conditions in the market. These can lead to loss of funds in the long run for the investors.
The Anonymous BSC vouches to eradicate such problems from the market and eliminate malevolent practices that are tainting the image of the crypto world. This anonymous group of developers aims to wage an intense war against everyone who has been taking advantage of the many loopholes present in the digital markets.
Their motto is “Expect Us”, this cryptic message is a warning for all those who try to profit from investors and disrupt the market. Anonymous BSC intends to find every one of them and create an example, so no one dares to indulge in the unfair business. Proof Through Action shows their intent to be transparent and true to the cause.