CryptoPolice, a cryptocurrency startup from Estonia, set a goal to make cryptocurrency market a safe place. Security is arguably one of the biggest issues online and particularly in the crypto space nowadays. Because of the recent hype about cryptocurrencies, this flourishing market has attracted a great deal of scammers, which creates the need for efficient and timely protection. The team at CryptoPolice noticed the necessity of solving fraud-related issues in the cryptocurrency market and set out to build a solution that will benefit everyone.
The CryptoPolice is a community-based cryptocurrency police platform on blockchain technology.
It enables its users to take a swift action against cybercrime like scams, but also report real-world issues like corruption. The team is developing blockchain-based security solutions for its clients. The platform’s decentralized algorithms of multi-level verification will allow for objective scam identification and a quick “police” response.
The main underpinning technology of CrytoPolice is the blockchain. But a distinctive feature of CryptoPolice is the Community. The community being a decentralized force will be making objective and independent decisions. Combining the secure technologies with the “wisdom of the crowd” the platform will guarantee transparency, efficiency and consistency of results.
CryptoPolice is also home to WatchDog — a unique system that informs its clients on suspicious objects and activities while day to day business. In layman’s terms, the WatchDog can be likened to an anti-virus or a reporting system.
While the platform is independent of any state organization, founders say it is open for collaboration with agencies or organizations that wish to jointly work on putting an end to societal issues through the use of modern blockchain technology.
At the moment, the project is in the stage of active development and preparation for the token sale, which starts in 44 days (at the time of writing), and an airdrop.
The team has launched a demo version of the platform available here.
One of the main goals for the team is to work with partners and to develop cooperation with their community around the world.
In Q3 of this year, they plan to release a beta version of the platform and a beta version of WatchDog in Q4. A stable version of CryptoPolice is slated for Q1-2 of 2020.
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