Blockchain

Credibility and Protection For Masternode Investors & Crypto Developers

from 4 years ago 0 0 764

How Watchdog is Offering Credibility and Protection for both Masternode investors and crypto developers

Credibility in the crypto industry is quickly becoming a rare thing. With so many hacks and fraudulent incidents getting reported daily, it has become clear that all hands need to be on deck when it comes to combating fraud in the industry. The sad thing about it all is that these fraudulent activities are not limited to small scale operation. Recently, BitSane, a popular crypto exchange which boasts of an average daily trading volume of 10 million USD, suddenly, disappeared off the face of the internet.

Although, not an exit scam, medium scale exchange, Bitrue recently, revealed that it discovered a security vulnerability in its system which cost them $4 million in XRP and ADA user funds.

Issues and solutions

Following the announcement of the hack, the exchange announced that it will be going offline to perform scheduled maintenance. Therefore, all trading activities will be suspending.

Incidents like this are not new to the crypto space and with the way things are running currently, it will not stop. Therefore, every avenue and methods designed to uphold the credibility and the integrity of the crypto industry should be applauded. Unfortunately, there are few of these types of project currently active in the space.

It is also not uncommon for coins to become a victim of a PUMP and DUMP action. This simply means investors with evil intent injects volume into a coin to raise its value, then they sell it hard once it rises to the desired level. This results in the coin price falling drastically.

Watchdog (WMP)

A word from the Watchdog CEO

“As CEO of Watchdog Ltd, I am personally reaching out to ensure everyone is equally aware and properly educated on our company, Watchdog ecosystem and its affiliated masternode coin. Watchdog has developed a cutting edge masternode platform that will include ranking and monitoring of assets, statistical analysis, and a proper area for community discussion. The platform will further feature multiple layers of user integration, advertising and custom bot commutation services from their Mega-Byte System. With an enhanced user interface, we aim to make all these features easy to use for both users and developers. Trust & Creditability are the cornerstones by which Watchdog was founded. As such we aim to give users the upmost transparency, security, and quality assurance. To this end, Watchdog has officially secured a partnership with Vault Investments. The two companies together serve to develop and deploy the Next Generation of Masternode projects that will be listed under the CRYO program.

With our extensive utility road map, multiple coin use cases and our market experience we strive to be the industry standard. A real company with real utilities for real investor”

More - https://cryptoshib.com/credibility-and-protection-for-masternode-investors-crypto-developers/