Anon is making the market aware of different types of scams.
A telegram channel of Binance Smart Chain enthusiasts gave rise to a group of anonymous developers who came together to work for a cause. Binance Smart Chain is crawling with baleful people who hide to swallow your money. Still, there is no decentralization, no regulatory, no preventive measures to safeguard the BSC. This was the basis of the Anon group who came up with a vision to create a safe space for potential investors so that malicious actors don’t consume the money. Anon Developers wants to support the freedom of investors and bring some privacy to their digital presence. Most importantly, they want to pull out the scammers and spammers. Anon developers want to unmask these culprits so that the crypto world becomes a better place.
Anon provides a roadmap that gives a great idea to everybody about the vision and mission of this group. Their roadmap consists of a vital block that aims to educate people regarding problems and the possible solutions of the BSC market. To broadly categorise, Anon talks about three types of market problems –
1. Bad Actors with no accountability
Anon says that bad actors are the spammers who perform the same scam until they are caught. To resolve this Anon has tracked wallets and the flow of BNB. Sometimes they find that there are additional scams and malicious intent. Bad actors operate anonymously and they hide behind the wallet address. These scammers commit the same scam with one or two layers of disguise in between. This scam runs deep and it becomes hard for new investors and even experienced investors to determine what went wrong.
2. Hidden Contract Functions
Contracts could be lengthy and exhausting. Some people don’t even feel the need to thoroughly understand their contract. The contract is a legal document and it is advised to get it audited by a legal person. But to save time and money, people who are making huge investments become careless. Anon points out how legal contracts could be twisted in the favor of scammers. No matter how much people get their contract audited, there are some hidden functions, trade restrictions, transfer options and mint functions that lay deep within. One might overlook them. They are noticed only when it is too late for anything.
3. Hidden Whales
There is a common check-in at the BSC that is known as BSC Scan. This is to review the holders of BSC. But one of the biggest limitations of BSC Scan is you cannot detect who the real holders are. The developers with malicious intent can hide and steal away the profits of the real holders. The profit goes into the pockets of the scammers. This BSC scan is an important check but it is not comprehensive enough to find an attacker. Even a bad actor could steal a large sum of funds from traders.
Anon is educating the globe and ragging a war against these malicious actors. They stand strong and warn spammers to expect them. They are coming for them.