Polkadot, a protocol that connects blockchains, has announced its latest initiative to help its ecosystem fight scams. According to the company, relying on security-minded individuals within its community to fight scams has proven to be an effective method of safeguarding its ecosystem.
To incentivize the members of its community to continue to do the work, Polkadot consistently rewards them with bounties paid in USDC.
Polkadot shared that its 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 term, Polkadot hopes that the bounty will be eventually managed exclusively by the community. As part of the community-led anti-scam initiative, community members are tasked with finding and taking down scam sites, fake social media profiles, and phishing apps, as well as protecting its Discord servers from raids.Read more on cointelegraph.com