The latest expansion of the Ethereum protocol and smart contracts has revolutionized blockchain and the crypto industry, triggering the robust development of Decentralized Finance (DeFi). While the concept of this decentralization (the alternative form of current financial services) allows you to have complete control over your own money, it does not always give you, or any other third party insurance to keep it safe.
Decentralised financial products launched on Ethereum have given rise to potentially fraudulent actions. These include liquidity pools locking, PnDs (pump and dumps), hard and soft rug-pulls, and many others. Many new DeFi projects have suffered from various bad outcomes, including the loss of investors’ funds, while other legitimate ideas need to deal with FUD (fear, uncertainty disbelief), rather than focus on further project development.
The DAXHUND project is here to address these difficulties. Our App will revolutionize the due-diligence process for early investors, and offer them protection from cryptoscams.