📡Anti-Scam Verification

To ensure a safe and trustworthy environment for both investors and projects, Megapad implements a comprehensive Anti-Scam Verification System to prevent fraud, rug pulls, and malicious activities.

Verification Process for Projects

• Team KYC and Background Checks: Every project founder must undergo identity verification and a background check to confirm credibility.

• Smart Contract Audit: All projects must submit their smart contracts for a third-party security audit to detect vulnerabilities.

• Tokenomics & Liquidity Locking: Projects must lock a portion of their liquidity pool to prevent sudden withdrawal of funds.

• Fund Release via Vesting: Raised funds are distributed gradually based on project milestones to prevent fund mismanagement.

• On-Chain Activity Monitoring: Continuous tracking of project wallets to detect any suspicious transfers.

Protection for Investors

• Whitelisted Wallets: Only verified wallet addresses can participate in IDOs to prevent bots and exploitative traders.

• Investor Refund Mechanism: In cases of fraudulent activities, a smart contract-controlled refund mechanism will be executed.

• Community Voting System: Users can vote on the legitimacy of projects before approval.

• Red Flag Alert System: AI-powered alerts notify users of potential risks in projects based on contract anomalies and team behavior.

• Multi-Signature Fund Control: Funds are held in multi-signature wallets to prevent unilateral access by a single entity.