Binance’s new platform – DappBay, could truly be revolutionary for the Web 3.0 ecosystem.
DappBay indeed emerges as the perfect solution to the recurring concerns of the most skeptical users.
DappBay will facilitate massive adoption, helping newbies and no-coiners to confidently embrace the world of crypto investing.
The functions of DappBay
The DappBay platform is dApp hub designed on the BNB Chain ecosystem.
The goal of DappBay is to help users quickly discover new Web3 projects safely.
In fact, the real strength of the platform is its Red Alarm feature, which can assess the risk levels of each project in real time.
RedAlarm is thus an easy-to-use contract risk scanning tool. By identifying high-risk projects, it helps users protect their investments from scams!
RedAlarm seems to solve on paper one of the biggest plagues in the crypto world!
Having a tool that assesses the level of risk will bring many more users closer to this ecosystem.
Gwendolyn Regina’s statements
Gwendolyn Regina, Investment Director of BNB Chain, comments on the new milestone this way:
“Using market data, DappBay allows the BNB Chain community to shortlist and rank the best recently launched projects, such as Gamefi, Defi, NFT, and others. Most importantly, the Red Alarm feature helps users in staying one step ahead of scammers; the system warns in real time of potential risks associated with the projects, allowing the community to make informed investment decisions. This is a breakthrough, not only for the BNB Chain community, but for the entire blockchain community”.
The goal behind DappBay is therefore to help the community capture market trends by providing up-to-date rankings on the latest projects being released but also by showing the risks related to the same projects in real time.
DappBay has also other secondary features and applications that help developers list their dApps on the platform and use BNB Chain‘s comprehensive influence and tools for marketing.
In addition, DappBay analyzes and compiles an exhaustive list of all the most promising upcoming projects, even before they are launched!
This way users no longer have to spend hours on Twitter searching for alpha projects.