ECoinmerce Starts Crypto Community Watch Program As A Scams And Hacks Tip Line
Corruptions, scammers, and hackers are tearing apart the world economy including the cryptocurrency space. However, good news abounds for the participants in the crypto marketplace as the industry giants have come together to put a stop to these acts by unscrupulous individuals via whistle blowing.
The industry consortium met in Singapore to officially launch the watch program aimed at combating the negative atmosphere that hackers and scammers have created by rewarding whistleblowers with Bitcoin if the tips are valid and offenders arrested after an investigation. The watch program is the initiative of the world first decentralized and tokenized E-commerce marketplace, ECoinmerce.
The company will provide an anonymous tip online form to protect the whistleblower from threats or harassment too. All information and tips of fraudulent and illegal activity within the crypto space is allowed. Other industry consortiums supporting this purpose with ECoinmerce are ICO Alertz, GHZ, Step VC and NewEconomies. The action to initiate the watch program came after insistent complaints from innocent victims from scam crypto website and misleading information on a new crypto coin in the space.
The COO of ECoinmerce Rex Chen says, enough is enough, and it's time to control the excesses of these bad eggs by punishing them and rewarding individual courageous enough to stand up and disclose the identities of scammers and hackers with an attractive reward. The group set up a third party escrow wallet used as the reward pool containing 100 Bitcoin for all correct information brought forward by any whistleblower.
If you have any information of any fraudulent or illegal practice within the cryptocurrency and blockchain space, contact the industry by filling out an anonymous form on ECoinmerce watch program website with your Bitcoin address and tip. The whistleblower will get a portion of the pool for correct information.
The Importance Of This Program
The program is to create transparency and develop a better relationship within the crypto space and to motivate other crypto companies to start their own watch program to rid the crypto space of the negative eggs and create an amiable trading space. All individuals investigated are handed to the appropriate law authority with the findings for prosecution. Even though attached to the program is a reward, it will help to trigger people to stand up for the truth and make cryptocurrency and blockchain the future of the world economy.
If you are planning to hack or scam people of their hard-earned crypto coins; think again as you will end up in jail.
ECoinmerce founded in 2008, as an e-commerce platform built upon the blockchain technology to revolutionize the supply chain and product development by changing how products manufacturers, wholesalers, retailers and consumer interact with one another. For further information, visit ECoinmerce.io.