Polkadot inspires its community to fight scams with an 'anti-scam bounty'

Polkadot said it rewards community members consistently with bounties paid in USDC.

Polkadot, a protocol that connects blockchains, has announced its latest initiative to help its ecosystem fight scams.

According to the company, relying on security-conscious people within its community to fight scams has proven to be an effective method of protecting its ecosystem. To incentivize its community members to keep doing the work, Polkadot consistently rewards them with bounties paid in USDC.

Polkadot shared that his bounty is currently managed by the General Curators, which for now consists of three community members and two people from the W3F Anti-Scam department. However, in the long run, Polkadot hopes the bounty will eventually be run exclusively by the community.

As part of the community-led anti-scam initiative, community members are responsible for finding and removing fraudulent sites, fake social media profiles and phishing apps, as well as protecting its Discord servers against raids. Additionally, the community will create educational materials for users as well as an anti-scam dashboard to serve as a central hub for all anti-scam activity in its ecosystem.

Overall, the initiative encourages participating members to come up with ideas for expanding anti-scam activities into other areas. By decentralizing its anti-scam efforts, the Web3 Foundation and Parity have shifted their decision-making process to the community.

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