While the web 3.0 revolution is about to begin, decentralization of each and every service is taking shape on various networks. Amongst all these, Binance is the fastest growing ecosystem in the decentralized world. To fortify its growth and secure the network as well as provide easy access to trending dApps, Binance’s BNB Chain has introduced a unique platform DappBay.
What is DappBay?
DappBay is the dApp hub on BNB Chain (formerly known as BSC) for authentic trending decentralized platforms including DeFi, GameFi, NFTs as well as best-performing tokens. It is also equipped with a ‘Red Alarm’ feature that scans and highlights a project that poses an investment risk and holds the potential threat of rug pulls and scams.
DappBay displays the most trending dApps as well as rapidly growing tokens by analyzing the market data and calculating user traffic on the platform. You may think of it as window shopping for Dapps with the goal of keeping an eye on trends and learning about their most recent developments.
All in all, DappBay aids those users and newbies looking for a reliable platform to make an investment but at the same time skeptical about their choice. Dappbay will help these people to make their safe landing in a decentralized world by assessing essential threat parameters.
Risk Analyzer Tools On DappBay
Two main features that DappBay contains are:
- Red Alarm
Red Alarm features do list out the projects that pose possible scams or fraud through enticing DeFi users. This feature will help users avoid traps and securely make their investment into more reliable and trustworthy platforms.
- Risk Scanner
This feature enables users to verify any platform or contract on the BSC network by simply pasting the BSC contract address. If the contract has any logical loopholes and carrier fraud risks, then the Risk Scanner tool will warn users about investment risks and possible scams associated with the platform.
Features Provided by DappBay:
Alongside risk analyzer tools, DappBay offers other crucial features that can be used in the search for genuine and trustworthy as well as most trending dApps.
1. Games Ranking
DappBay features a dashboard where users can navigate the fastest growing GameFi platforms as well as gaming tokens. With every passing day, hundreds of new play-to-earn and gambling games are launching across the different blockchain networks.
Among thousands of DeFi games, it could become an ordeal for someone, especially for newcomers to find high rewards with a low-risk and reliable gaming platform. DappBay provides helping hands by making visible those games whose user base is increasing fastest.
Gaming is one of the major factors in the expansion of decentralizations. GameFi business with play-to-earn concepts played a pivotal role to entice a significant number of people towards the decentralization world. Also, with the launch of the mega Metaverse project, a boom in the decentralized gaming industry is expected.
However, there are high chances of a rug pull scam if the user lands on fake platforms with a malicious smart contract. But, now DappBay could mitigate this risk for users by guiding people toward more reliable platforms.
2. Trading
Decentralized crypto exchanges (Dex) became a favorite segment of DeFi for crypto aficionados. Crypto is among those assets, where people can gain more profit than any other investments with precise trading techniques.
Also Read: Best Trading Techniques to be Used During a Crypto Crash
3. Upcoming
In this section, users can take a look at the fascinating projects, which are scheduled to launch in the near future. With these, they will always get to keep up with upcoming projects without doing any extensive search.
4. Selected by Kols (Influencers)
“It has been my experience that folks who have no vices have very few virtues.”
-Abraham Lincoln
Rather than sticking with one, it’s better to trust those who have been in these businesses for long. By keeping this in mind, the DappBay developers integrated a section where you can find out the most recommended dapps by crypto influencers and whales.
This will provide credibility to deserving platforms and will put them at the forefront of users. This feature will be a proven boon for newcomers or those who lack knowledge about DeFi space.
5. Featured
This section is like a “most recent” news section on the media website. Here, you can find the most notorious platforms from different dApp categories such as:
- Play-to-earn games,
- DeX,
- Lending Platform,
- Non-Fungible Tokens (NFTs).
Conclusion:
While the world is approaching close to Web 3.0 space, demands for dApps will definitely be blasted off. This growing number of dApps will also fill the Web 3.0 space with new sorts of scams and fraudulent activities through every possible platform.
To prevent such illicit operations, it becomes essential for developers to deploy more platforms like DappBay across the different blockchains. Also, this kind of platform can guide and ensure the safe landing of newcomers on the decentralized web or Web 3.0.
