ScamWatch™ is powered by a crowdsourced investigative body. ScamWatch™ allows the public to provide valuable data about ICO credibility and potential ICO exit scams. Within ScamWatch™, community watchdogs can vote to dispute or support provided data. The ICO Watchdog Platform collects valuable data about potential ICO improprieties and exit scams. Additionally, the reporting system exposes verified scammer activities to the cryptocurrency community.
ScamWatch™ allows ICO Watchdog users to become a community watchdog and vote to dispute or support provided data. Anyone can submit data about potential ICO credibility concerns as it relates to improprieties and exit scams. Submissions can be made via the ICO Watchdog Chatbot Assistant. Voting within the ScamWatch™ system required clients to hold DOG token and consensus is reached in a 14 day period.
The public’s submission of data concerning ICO credibility and potential ICO exit scams is processed by a bot and filtered into the ICO Watchdog platform. Submissions are separated by source and content. The source is categorized by token holders and non-token holders. Content is categorized by provided information and supporting documents.