WhiteBIT Launchpad Kicks Off August 21!

ScamFari represents an initiative to reward users who provide information concerning deceptive entities in the Web3 sector. The platform collates data regarding phishing sites, fraudulent blockchain projects, and even crypto wallet addresses that may be connected to unsavory financing. ScamFari has announced early access registration and encourages users to invite their network in this stand against cybercriminals.

ScamFari's launch on the WhiteBIT Launchpad is set for August 21. To cast their vote for the project, users need to secure an allocation*. If ScamFari garners enough votes, launchpad participants will have the opportunity to join in the project token distribution.

WhiteBIT Launchpad offers an alternative to traditional IPOs (Initial Public Offering) and ICOs (Initial Coin Offering). This platform showcases crypto projects that have been thoroughly vetted for compliance with industry standards. WhiteBIT Launchpad keeps users informed and provides an opportunity to invest in projects at an early financing stage, thereby obtaining tokens or additional services.

The WhiteBIT Launchpad community has the autonomy to select projects for listing. Both seasoned traders and beginners can partake in shaping the list of assets.

For a stake in the voting process, users should have a minimum of 200 WhiteBIT Coins (WBT) in their Holding, alongside an equivalent amount in USDT within their Main Balance. The coins designated for voting will be temporarily secured, dictating the allocation for each participant.

In the event a project doesn't reach the voting threshold and isn't listed on the exchange, assets committed by the users will be refunded. Conversely, when a project accumulates more votes than anticipated, the project's token allocation to participants might be adjusted based on the USDT's proportional contribution against the collective pool.