0xdEaD Compensation Fund
Empowering Investors: The 0xdEaD Project's Compensation Fund
In response to the prevalent challenges faced by investors in the crypto trading space, the 0xdEaD Project introduces a pioneering Compensation Fund. This fund is intricately linked to the project's overarching goal of making the trading landscape safer and more secure for investors who have historically fallen victim to scams, including the notorious rug-pulls.
The 0xdEaD Project's Approach:
The 0xdEaD project recognizes this pressing issue and has strategically positioned its Compensation Fund as a vital component of its solution. Rooted in the collective experiences of the project's founders, who have personally suffered losses to scams, the Compensation Fund aims to rectify the imbalances in the crypto trading ecosystem.
How It Works:
"Got Rugged" Reporting Mechanism:
The project actively encourages users to report instances of rug-pulls through its Telegram bot. This not only serves as a means to alert the community about potential threats but also acts as valuable input for the Compensation Fund.
Manual Verification Process:
To ensure the integrity of the Compensation Fund, all reported cases undergo a thorough manual verification process. This meticulous approach safeguards against fraudulent claims, maintaining the fund's credibility.
Community-Driven:
The Compensation Fund operates on a community-driven model, acknowledging the collective intelligence of users. By actively participating in the reporting process, users contribute to a safer trading environment and, in turn, may benefit from the Compensation Fund.
$0xD Compensation Mechanism:
Users who experience losses due to rug pulls or hidden threats within smart contracts can apply for compensation through a decentralized and transparent process.
Compensation is distributed manually in $0xD tokens or ETH, ensuring a fair and equitable resolution for affected users. You can learn more about math in the Tokenomics section!
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