BNB Chain introduces Red Alarm on the DappBay platform.

DappBay, a dApp hub on the BNB Chain ecosystem, has been launched today by Binance's BNB Chain.

The blockchain has a user-friendly contract risk assessment tool called "Red Alarm" that helps customers protect their money from potential scammers and rug pullers by identifying potential high risk projects.

By entering the contract address, Red Alarm's customers can evaluate project risks to see if there are any logical errors or fraud concerns using BNB Chain's advanced risk control capabilities.

According to Gwendolyn Regina, Investment Director at BNB Chain, "using market data, DappBay enables the BNB Chain community to shortlist and evaluate the finest recently launched projects, such as Gamefi, Defi, NFT, and others."

The Red Alarm function, which alerts users in real time to potential risks linked with projects, is particularly useful for keeping consumers one step ahead of con artists and enabling the community to make well-informed investment choices.

This represents a breakthrough for the entire blockchain community, not just the BNB Chain community.

According to Binance, the goal of DappBay is to give the community access to the most recent project rankings and to forecast project-related dangers in real time. Other capabilities enable developers to list their own dApps on DappBay and use the power and extensive marketing resources of BNB Chain.

Tools like "Trending" rankings, "Best Performing Tokens," and "Fastest User Growth" rankings make it simple for the community to find the newest and most well-liked projects.

Referance: https://www.cityam.com/bnb-chain-launches-dappbay-platform-with-red-alarm/?utm_source=dlvr.it&utm_medium=twitter