BoldPure has been designed as a collective security platform (CSP). This platform rewards the community and is one of a kind. The idea to create BoldPure came to its developers when they saw how often investors were falling for fraudulent projects globally. The result is that investors had lost millions of dollars to criminals. One way investors have been fighting back is via different forums and posts, which help them, avoid being scammed. However, these posts are usually found too late.
Why Is BoldPure Important?
With the new platform, trusted individuals will come together globally on one platform so that they can help investors who would like to place their money in a blockchain project. One reason why this platform matters is that by February 2018, the rules around ICOs are still quite lax. This can be both a good and a bad thing for an investor. The goal is to turn the BoldPure CSP into the gold standard of finding out whether a project is a scam or genuine.
How BoldPure PureCheck & Trusted Community Will Work
The BolPure CSP platform will be run the BoldPure community and will be powered by the BLDP token, which is backed by trust. The platform’s aim is to ensure only legitimate projects get the investment that they deserve. All fraudulent projects will be blacklisted, helping to save investors from losing their cash.
During the verification process, each project will be investigated to the finest details, without any corners being cut. If a project passes the test, it will be awarded the BoldPure PureCheck certificate and badge. This proof of verification will remain on the BoldPure page for all time.
If the investigation shows that a project is a scam, the project will be blacklisted, and notifications are sent to different services via an email and on social media. The report of the fraudulent project will be made accessible to the public. The report will be placed at the top of search results for such a project. To encourage the reporting of fake projects, BoldPure will reward its members who report fake projects with their BLDP Token.
About Collective Security On BoldPure
The issue of collective security is at the core of BoldPure. When trusted reporters come together and form a community, it can do wonders for genuine projects and for investors who need to find new and trustworthy investment opportunities. If you join BoldPure, it means that you will access to a large community, who are ready to hear your facts. The BoldPure CSP is not open to anyone who wants to join; this is because of various reasons.
For one, various fraudsters may try to manipulate the system to gain support for their fake projects. Thus, the BoldPure founders have to take measures to ensure this does not happen. Besides that, there is the risk of duplicate accounts being created on this platform. This would make it hard to trust the BoldPure community. To join this community, members will need to pay the membership fee. They will also need to send a detailed application form, which can help determine if there are any fraudsters.