By participating, you will not only play a vital role in expanding ChainAware’s reach but also become part of a driven community that values innovation, inclusivity, and continuous growth. Below are the key details of the program and instructions on how to apply.

Why Join the ChainAware Ambassadors Program?

Earn Rewards

Receive $AWARE tokens when you share ChainAware’s updates, create engaging content, or bring in new businesses.

Be a Community Leader

Influence the direction of ChainAware’s outreach and help us strengthen our global presence.

Showcase Your Skills

Apply your creativity, writing, and social media expertise to make a real impact in the Web3 space.

Exclusive Product Walkthroughs for Ambassadors

We will regularly host product walkthroughs for our Ambassadors to ensure you understand and experience all available features, especially those behind the paywall. These sessions will provide hands-on demonstrations of our tools and functionalities, empowering you to confidently present ChainAware’s capabilities in the broader community.

How to Earn Rewards

There are multiple ways to collect $AWARE tokens:

Social Media & Engagement Tasks (Daily/Weekly)

• Share ChainAware announcements, updates, and insights across Twitter, Telegram, Instagram, and other platforms.
• Actively participate in community chats to help fellow members and keep conversations lively.
• Design and distribute visually appealing content such as infographics, memes, and creative posts that highlight ChainAware’s value.

Referral Bonus: Earn by Bringing in Businesses

• Bring in new businesses and projects that purchase ChainAware’s services using your referral link.

Starter Plan

• Requirements: A Web3 project integrates the ChainAware.ai Pixel and gains free access to Web3 User Analytics.
• Reward: 499 $AWARE Tokens

Business Plan

• Requirements: A Web3 project subscribes to the ChainAware.ai “Business Subscription,” which includes Web3 User Analytics and API access.
• Reward: $399

Enterprise Plan

• Requirements: A Web3 project subscribes to the ChainAware.ai “Enterprise Subscription,” which includes Web3 User Analytics, Web3 Marketing Agents, and API access.
• Reward: $999

Make sure to submit proof of successful referrals to receive your rewards. All payments will be made in $AWARE tokens.

How to Join

If you want to support ChainAware and start earning $AWARE, we encourage you to apply. Share the following details when you apply:

1. Personal Info: First Name, Last Name, Country, Age
2. Social Media: Provide links and follower counts for platforms like Twitter, YouTube, Instagram, LinkedIn, and Telegram.
3. Skills: Rate your English level, mention any additional languages, and describe relevant past experience (optional).
4. Why ChainAware: Explain your motivation for joining and how you can contribute.
5. Contact Info: Email and Telegram Username

Submit your application using the form below:

Application Form

Program Rules

Maintain Quality Standards
Your posts and promotional efforts should reflect ChainAware’s values and integrity.

Respect Deadlines
Complete tasks within the specified timeframes to ensure you stay eligible for rewards.

Uphold Community Conduct
Remain professional and respectful in your interactions while representing ChainAware.

How It Works

1. Apply: Fill out the application form and provide all required information.
2. Await Approval: Once your application is reviewed and approved, you will receive guidelines to help you begin.
3. Promote and Earn: Start sharing content, attracting new users, and earning $AWARE tokens for your contributions.

Conclusion

The ChainAware Ambassadors/Shill Army Program recognizes the passion and dedication of community members who believe in the transformative power of AI within Web3. By taking part, you will help ChainAware reach wider audiences, foster trust in our ecosystem, and accelerate the adoption of AI-driven solutions.

Join us today to shape the future of Web3 and be rewarded for your efforts. We look forward to welcoming you to the ChainAware Ambassadors Program.

The post Join Our Ambassador Program: Transform Web3 with AI Agents first appeared on ChainAware.ai.

It is a six-week, equity-free, online program designed to empower AI-driven fintech startups globally. It focuses on regions including North America (NAMER), Europe, the Middle East, Africa (EMEA), and Latin America (LATAM).

Startups receive 1:1 business and technical mentorship, covering topics like funding, scaling, and go-to-market strategies, as well as AWS technical fundamentals, cloud, and AI/ML adoption.

Selected startups get up to $25,000 in AWS Activate credits, with the top 15 companies receiving an additional $75,000 for participating in a Demo Day.

AWS has also collaborated with NVIDIA, a leader in AI computing, and Vestbee, a platform for European startups and investors, to enhance the program’s offerings.

The accelerator aims to drive innovation in financial services by helping startups navigate the complexities of AI/ML integration, meet new customer demands, and enhance financial solutions.

Why does Web3 need ChainAware.ai?

Two key issues in the Web3 ecosystem are:

• There are massive user acquisition costs for the Web3 platforms, which means Web3 innovators have to spend too much on customer acquisition, which means the probability of them becoming cash-flow positive (sustainable) is too low…
• Too high fraud rates drive away Web3 newbies. They are getting frauded, rug-pulled, and scammed. Every newbie has to get his lessons. The issue is that many of the newbies will leave the Web3 sector, resulting in suboptimal Web3 growth. 

But that’s nothing special. Web2 had the same issues – too high user acquisition costs and too high fraud rates.  And Web2 fixed this via:

• AdTech, which sent the right visitors to the right websites and massively reduced user acquisition costs
• AI-based Transaction Monitoring systems (which became even a regulatory must for the payment providers) – this resulted in creating trust in the Web2 ecosystem

The same components are required for Web3, including AdTech and Transaction Monitoring. However, as technologies have evolved a lot, we need AI Agents for Web3 Marketing and AI Agents for Transaction Monitoring. That’s what ChainAware.ai does.

What is ChainAware.ai?

ChainAware.ai provides Web3 AI agents for businesses for:

• Web3 Marketing
• Transaction Monitoring
• Credit Scoring

Additionally, ChainAware.ai offers businesses Web3 User Analytics – for free.

Web3 Marketing Agents predict user behavior based on their blockchain history. This prediction is connected with the targeting system so that Web3 Dapps can target their users with personalized messages. This increases user conversion and retention.

This solution is revolutionary and first of a kind, adding real utility to any Web3 platform.

Web3 Transaction Monitoring Agents predict which users will be scammed or frauded in the future. Virtual Asset Service Provider regulations require Crypto AML and Transaction monitoring from any VASP. While there are many Crypto AML providers, there are no Transaction Monitoring providers. ChainAware.ai fills this gap with predictive AI technologies.

Web3 Credit Scoring Agents predict users’ credit scores based on their on-chain activity. While Credit Scoring is little used in the Web3 ecosystems because most borrowing systems are over-collateralized, Credit Scores will be used in the future for borrowing systems and as indicators of general financial ability.

Web3 User Analytics is free to use for businesses. Every Web3 business can analyze its user’s intentions and create optimal marketing strategies for their users.

ChainAware.ai and AWS Global Fintech Accelerator

ChainAware.ai joined the AWS Global Fintech Accelerator Program from November to December 2023. The accelerator’s hands-on experience greatly benefited ChainAware.ai and improved its network.

Most importantly, the AWS Global Fintech Accelerator empowered ChainAware.ai to review and adjust the strategic product roadmap. It made ChainAware.ai investment-ready and moved it to the next level in its search for strategic investors.

We received $25’000 in credits for the AWS infrastructure, free coaching, brainstorming, and advice. We adjusted our strategic roadmap and connected to our strategic investor. All this was equity-free—we only participated and learned in every session.

ChainAware.ai team is very thankful to the AWS Global Fintech Accelerator!

Follow us on Social Media:

• Web: https://ChainAware.ai/ 
• Twitter: https://x.com/ChainAware
• Telegram: https://t.me/ChainAware_ai 
• YouTube: https://www.youtube.com/@ChainAware
• Linked In: https://www.linkedin.com/company/ChainAware

The post ChainAware.ai is a Proud Member of AWS Global Fintech Accelerator! first appeared on ChainAware.ai.

The Google Cloud Web3 Program

In April 2023, Google announced a partnership with leading blockchain projects such as Solana, Polygon, Aptos, Near, Hedera, Celo, and more to initiate a $6 million grant program aimed at supporting only the most promising and emerging startups in the Web3 realm. The program is intended to offer operational infrastructure, including node services, computational resources, storage, organizers, and various essential tools, enabling teams to concentrate on product delivery instead of administrative tasks.

Web3 Marketing Agents analyze user behavior informed by their blockchain activity. This analysis connects to a targeting system, enabling Web3 Dapps to deliver personalized messages to users, boosting conversion and retention rates.

Web3 Transaction Monitoring Agents assess which users might be susceptible to scams or fraud. Compliance with Virtual Asset Service Provider regulations mandates Crypto Anti-Money Laundering (AML) measures and transaction monitoring from any VASP. ChainAware.ai bridges the gap using predictive AI technologies.

Web3 Credit Scoring Agents evaluate users’ credit scores based on their on-chain activities. Credit scoring remains an emerging concept in Web3 ecosystems, where most borrowing frameworks currently rely on over-collateralization. As the ecosystem evolves, credit scores are expected to play a growing role in lending systems and financial assessments.

The Web3 User Analytics tool is freely available for businesses. It allows any Web3 enterprise to understand its users’ intentions and devise effective marketing strategies.

Calculating predictions related to fraud and credit scores demands significant computing resources. To meet this need, ChainAware.ai has partnered with the Google Cloud Web3 Program.

About ChainAware.ai

ChainAware.ai provides AI-driven solutions for Web3 businesses, focusing on marketing, transaction monitoring, and credit scoring. Its offerings include tools for personalized user engagement, fraud detection, compliance, and credit assessment, alongside a free Web3 User Analytics tool. As part of the Google Cloud Web3 Startup Program, ChainAware.ai uses advanced cloud infrastructure to deliver scalable AI solutions.

Social Media:

• Web: https://ChainAware.ai/
• Twitter: https://x.com/ChainAware
• Telegram: https://t.me/ChainAware_ai
• Linked In: https://www.linkedin.com/company/ChainAware

The post ChainAware.ai Receives a $250,000 Grant from Google Cloud first appeared on ChainAware.ai.

Our Mission: Building Trust in Web3

At ChainAware.ai, we are dedicated to tackling the challenges of blockchain security and user engagement. Our suite of tools empowers users to make safer, data-driven decisions in the ever-evolving Web3 landscape:

• Crypto Wallet Auditor: Analyze wallet trustworthiness to minimize fraud risks.
• Fraud Detector & Rug Pull Detector: Stay ahead of threats with real-time alerts on suspicious activities.
• User Analytics Dashboard: Gain actionable insights into user behavior to refine strategies and drive growth.

Through AI-powered insights, we aim to create a secure and transparent ecosystem where Web3 businesses and users can thrive.

The ChainGPT Grant Program: Supporting Innovation in AI-Crypto

ChainGPT’s Grant Program is dedicated to supporting projects that leverage AI to solve real-world problems in Web3. This initiative provides funding, technical support, and access to ChainGPT’s advanced tools, enabling innovative projects to succeed.

What This Means for ChainAware.ai

The $50,000 grant will allow us to expand our capabilities and introduce even more robust security measures. In our next phase, we aim to further enhance tools like the Rug Pull Detector and User Analytics Dashboard, ensuring Web3 businesses and users remain one step ahead of emerging threats.

By improving trust and security, we continue our mission to make decentralized ecosystems safer and more accessible for everyone.

Looking Ahead

This grant marks a significant milestone in our journey, underscoring the importance of AI-powered solutions in creating a secure Web3 future. We’re excited to partner with ChainGPT in this endeavor and look forward to contributing to the wider blockchain community.

Stay tuned as we introduce new developments and innovations designed to empower your journey in the Web3 space.

The post ChainAware.ai Secures $50,000 Grant from ChainGPT first appeared on ChainAware.ai.

• Web3 Marketing Agents
• Transaction Monitoring Agents
• Web3 User Analytics
• Credit Scoring Agents

Here are the ChainAware.ai products for the individuals:

• AI-based predictive Fraud Detector
• AI-based predictive Rug Pull Detector
• Wallet Auditor
• Share your audit (for trust creation)
• Telegram bots
• Discord bots

ChainAware.ai privately sold the AWARE token to ChainGPT Labs (Lead Investor) and Coinix Capital (Co-Investor). The public sale will be held on the ChainGPT Pad, and details will be announced soon.

The ChainGPT Labs have also incubated ChainAware.ai. ChainGPT Labs has incubated other leading AI projects too, see details here: https://labs.chaingpt.org/portfolio.  

Here is the overview of the investment rounds (the vesting is linear vesting):

TGE

TGE is on the ChainGPT Pad.

The initial token allocation is:

Here is the key data:

• FDV at the token launch: 3.5 mUSD
• Initial Market Cap at the token launch: 0.366 mUSD

The token usage is allocated as follows:

AWARE Token

The AWARE token will be the native token of the ChainAware.ai ecosystem. It provides access to the ChainAware.ai AI Agents with discounts, staking features, and other regular functionalities:

• Discounts in the ecosystem—Businesses can pay with AWARE tokens and receive a 10% discount on subscriptions
• AWARE token buybacks – 33% of the revenues will be used to buy back the AWARE token
• AWARE token buybacks are burned
• AWARE token is a deflationary token – the more B2B partners in the ChainAware.ai ecosystem, the more tokens will be burned
• AWARE token holders can use the staking features
• AWARE token Stakers can use the ChainAware.ai telegram mini-app for free (fair use policy)!

Tokens vesting schedule

AWARE tokens are vested as follows:

• Private round: Cliff 1 month, vesting 6 months
• KOL round: Cliff 0 months, vesting 4 months
• Public round: Cliff 0 months, vesting 4 months
• Airdrop: Cliff 0 months, vesting 12 months
• Advisors: Cliff 2 months, vesting 24 months
• Team: Cliff 3 months, vesting 24 months

AWARE Token vesting system is available at the https://claim.chainaware.ai/   

ChainAware.ai products for Web3 Businesses:

ChainAware.ai provides Web3 AI agents for Web3 Marketing and Transaction Monitoring.

ChainAware.ai Web3 Marketing Agents predict user behavior based on their blockchain history. This prediction is connected with the targeting system so that Web3 Dapps can target their users with personalized messages. This increases user conversion and retention.

Our reference client for the Web3 Marketing Agents is SmartCredit.io, a DeFI fixed-term, fixed-interest rate borrow/lend platform. When users connect to the platform, they receive completely different messages. These messages resonate with the users, translating into much higher user conversion.

This solution is revolutionary. It is the first of its kind to add real utility to convert visitors into users on any Web3 platform.

ChainAware.ai Web3 Transaction Monitoring Agents predict which addresses will scam or fraud in the future. Virtual Asset Service Provider regulations require Crypto AML and Transaction monitoring from any VASP. While there are many Crypto AML providers, there are no Transaction Monitoring providers.

SmartCredit.io is also a reference client for this system. The wallets of platform users are continuously monitored. If fraudulent patterns emerge, the wallets will be excluded from accessing the Dapp.

Additionally, ChainAware.ai provides Web3 User Analytics. This analytics is free to use, too, and it allows Businesses to learn more about their users’ behavior and intentions.

Here, SmartCredit.io is again our reference customer.

By the way, ChainAware.ai has integrated all these solutions, too—Web3 Marketing Agents, Web3 Transaction Monitoring, and Web3 User Analytics.

The business products are available in the subscription mode. 50% of the product revenues will be used to buy back the token.

ChainAware.ai products for regular users

Here are the ChainAware.ai products for the individuals:

Fraud Detector Agent: This product uses ChainAware.ai AI models to predict, based on blockchain history, whether fraud will happen in the future. The predictive algorithm’s prediction accuracy is 98%.

Rug Pull Detector Agent: This product predicts which pools will rug pull in the future before they rug pull. This is especially useful for investors because, in the case of rug pull, one does not have partial losses but complete losses.

Wallet Auditor: This product visualizes the data we have calculated about any address – fraud probability, experience, risk willingness, intentions, protocols used, protocol categories used, and forensic data. If you want to learn more about someone, just check his wallet.

Share your audit (for trust creation): Users can audit their wallets and share their audit links with their business partners. That’s an easy way to create trust among Web3 participants.

AI Credit Score: This product allows users to calculate their credit score. Users cannot calculate others’ credit scores, but this feature is available in Enterprise Subscription mode.

Telegram bots: Users can perform all these operations via Telegram bots.

Discord bots: Users can use Discord bots as well.

The products for regular users are free to use. In some cases, we ask users to connect their wallets. If users want to make significant calls, a low-payment subscription is used.

Follow us on Social Media:

• Web: https://ChainAware.ai/ 
• Twitter: https://x.com/ChainAware 
• Telegram: https://t.me/ChainAware_ai
• YouTube: https://www.youtube.com/@ChainAware 
• Linked In: https://www.linkedin.com/company/ChainAware

The post ChainAware.ai Token Model first appeared on ChainAware.ai.

• The total supply of the token is 100 million.
• The giveaway will consist of 1 million AWARE tokens.

The Giveaway

We want more than just some whales to own our tokens. We want our regular users to get tokens – for free. 

That is why 1 Million AWARE tokens will be distributed to the ChainAware.ai users:

• 70% via the ChainAware.ai Leaderboard Challenge (https://ChainAware.ai/leaderboard )
• 20% via the Zealy.io Quests (https://zealy.io/cw/chainawareai )
• 10% to the ChainAware.ai Ambassadors Channel
• $10k $AWARE and $CGPT Giveaway (https://app.galxe.com/quest/ChainGPT/GCJZwtocyX )

The Giveaway campaign runs till the TGE.

Most importantly, users earn tokens not only for subscribing to ChainAware.ai on Telegram or Twitter but also for completing real tasks on the platform:

• Using the Wallet Auditor
• Using the Predictive Fraud Detector
• Using the Predictive Rug Pull Detector
• Inviting friends

ChainAware.ai Leaderboard Challenge

The Leaderboard Challenge is available at https://ChainAware.ai/leaderboard . Users earn points, which are raffled off to earn AWARE tokens. 

At the end of the Leaderboard Challenge, we will run a raffle. The more points you have, the higher your probability of being allocated more tokens.

Here are the tasks for the participants – every task will give you points and you will climb up in the Leaderboard the more you use ChainAware.ai:

• Registration via connecting wallet and connecting Twitter
• Follow Twitter
• Follow Discord Server
• Main Offer – like, comment, share the pinned tweet
• Frequent Usage – connect your wallet every week and earn points every week
• Use Wallet Auditor – use Wallet Auditor every week
• Use Fraud Detection – use Fraud Detector every week
• Use Rug Pull Detection – use Rug Pull Detector every week
• Share Your Fraud Detection Finding on Twitter
• Share Your Rugpull Detection Finding on Twitter
• Referral Program – invite your friends and earn points
• Subscribe to Bots – subscribe to the telegram and discord bots
• Use Discord Bot
• Use Telegram Bot

ChainAware.ai Zealy.io Quests

Our Zealy Quests offer points for:

• Join our telegram ANN channel
• Join our telegram channel
• Join Ambassadors group
• Follow Linked In
• Invite Friends
• Subscribe to our YouTube Channel

$10k $AWARE and $CGPT Giveaway

Here are the details: https://app.galxe.com/quest/ChainGPT/GCJZwtocyX 

How do I participate?

To participate in the Leaderboard Challenge, access https://ChainAware.ai/leaderboard , then connect your wallet and Twitter.

To participate in the Zealy Quests – create an account in Zealy.io, and access: https://zealy.io/cw/chainawareai 

To participate in the $10k $AWARE and $CGPT Giveaway access https://app.galxe.com/quest/ChainGPT/GCJZwtocyX 

How do I receive the tokens?

The 1M AWARE GiveAway campaign runs till the TGE. Token allocation will be done in 7 days after the TGE, and tokens will be claimable via https://claims.chainaware.ai/   

More about ChainAware.ai

ChainAware.ai provides Web3 AI agents for Web3 Marketing and Transaction Monitoring. 

ChainAware.ai Web3 Marketing Agents predict user behavior based on their blockchain history. This prediction is connected with the targeting system so that Web3 Dapps can target their users with personalized messages. This increases user conversion and retention.

This solution is revolutionary, first of a kind adding real utility to any Web3 platform.

ChainAware.ai Web3 Transaction Monitoring Agents predict which addresses will scam or fraud in the future. Virtual Asset Service Provider regulations require Crypto AML and Transaction monitoring from any VASP. While there are many Crypto AML providers, there are no Transaction Monitoring providers.

Follow us on Social Media:

• Web: https://ChainAware.ai/ 
• Twitter: https://x.com/ChainAware
• YouTube: https://www.youtube.com/@ChainAware 
• Linked In: https://www.linkedin.com/company/ChainAware 

The post Announcing 1M $AWARE Giveaway Competition first appeared on ChainAware.ai.

ChainAware.ai addresses Web3 marketing challenges by leveraging predictive AI in AdTech to bring highly personalized marketing strategies to the Web3 space. As the first platform to introduce this technology to Web3, ChainAware.ai can predict future activities and intentions of crypto wallet owners, segment existing wallets, and monitor transactions. This empowers platform owners with personalized targeting and advertising abilities, enabling them to focus on effective and sustainable strategies.

“As the first to bring predictive and personalization-based AI in AdTech to Web3, we are excited to collaborate with ChainGPT Labs to revolutionize how projects engage with their users,” said Martin Ploom, Co-Founder at ChainAware.ai. “This partnership enables us to empower more projects with the tools they need to personalize their marketing strategies, reduce acquisition costs, and improve conversion rates.”

With ChainAware.ai’s predictive AI capabilities, Web3 projects can pinpoint clients with the highest revenue potential by analyzing past wallet activities. This innovative approach addresses the main challenge of converting visitors into paying customers in a sustainable way, reducing customer acquisition costs and improving conversion rates by tailoring messages to users’ specific intentions.

About ChainGPT Labs

ChainGPT Labs is an incubation and acceleration platform that supports innovative startups in the Web3 sector. Established by founders for founders, ChainGPT Labs provides comprehensive support that goes beyond funding, including strategic advisory, mentorship, and hands-on guidance.

Their incubation program encompasses venture capital connections, key opinion leaders, launchpads, exchange listings, business development, branding, legal and technology guidance, marketing, community development, advisor onboarding, online advertising, user acquisition, treasury management, and revenue growth. Operating both pre-listing and post-listing, ChainGPT Labs ensures sustained growth and stability for its portfolio companies.

About ChainAware.ai

ChainAware.ai is a pioneering platform that leverages artificial intelligence to predict crypto wallet owners’ future activities and intentions, segment existing wallets, and monitor transactions. By introducing personalized targeting and advertising capabilities to the Web3 space, ChainAware.ai helps projects increase revenue, build positive cash flow, and focus on sustainable strategies. Our innovative solutions address customer acquisition and retention challenges in the decentralized ecosystem.

Contact Information

For more information, please contact:

ChainGPT Labs

• Website: https://labs.chaingpt.org/
• Email: contact@chaingptlabs.com
• Twitter: @ChainGPTLabs
• LinkedIn: ChainGPT Labs

ChainAware.ai

• Website: https://chainaware.ai/
• Email: https://chainaware.ai/support
• Twitter: @ChainAware
• LinkedIn: ChainAware.ai

Together, ChainGPT Labs and ChainAware.ai are poised to transform the Web3 ecosystem by addressing the critical challenges of customer acquisition and retention. By combining ChainGPT Labs’ comprehensive ecosystem with ChainAware.ai’s innovative AI-powered tools, this collaboration enables Web3 projects to adopt sustainable growth strategies and thrive in the evolving decentralized landscape.

The post ChainAware.ai Secures Strategic Investment from ChainGPT Labs first appeared on ChainAware.ai.

AI-based predictive Crypto Fraud Score service is available via https://chainaware.ai/.

• Users can use the web for free on Ethereum, Binance Smart Chain, and Polygon.
• Businesses can integrate the AI-API via the https://swagger.chainaware.ai/ in the subscription mode

How to use Crypto Fraud Detection?

User Interface allows you to:

• Calculating Crypto Fraud Score for any address
• Calculating your own Crypto Fraud Score and sharing this with your partners

Calculating the score for any address

You must enter the address and the blockchain – at the moment, Ethereum, Binance Smart Chain, or Polygon – and start then the calculation.

For example, you could calculate the Crypto Fraud Score of any address before submitting transactions on the blockchain.

• If the Crypto Fraud Score returns a fraud result, you should not interact with the respective counterparty.
• If the address is new, i.e., there are too few interaction patterns, then the Crypto Fraud Score cannot calculate the probabilities. In this case, you should ask for another address with more transaction history from your counterparty, especially if your counterparty claims to participate longer in the blockchain economy.
• If the address is a contract address, then at the moment, we cannot calculate the predictive fraud score for them.
• Otherwise, you will see the Crypto Fraud Score of the given address in your browser.

Here is an example of one fraud address:

Here is an example of how good addresses look like:

Calculating the score for your addresses and sharing it with others

Additionally, you can calculate your Crypto Fraud Score and share this with your partners. Your partners can click the link to see your predictive Crypto Fraud Score. You can share only your score; you cannot share the score of other addresses.

How to use the AI-based Crypto Fraud Detection API?

Crypto Fraud Score API could be used, for example, by CeFi or DeFi businesses, for fraud identification. CeFi and DeFi platforms could call this API for any address they interact with. If the address looks like a fraud, it will be better not to interact with them.

Crypto Fraud Score service is offered via https://swagger.chainaware.ai/

You can do a small number of calls for free; however, if you need more API calls, you must purchase a subscription. Many calculations are in the backend, and we must pay for the required computing power.

How can we predict the future?

Crypto has many scammers trying to scam the non-suspecting public. And many hackers are looking for easy money. All of them will leave traces in the blockchain transaction history.

Every scam is different, and there are unlimited potential scams. But scammers use specific interaction patterns and leave their transactions history in the blockchain. The amount of these interaction patterns is limited, while the number of potential scams is unlimited.

Our artificial intelligence modules identify fraud interaction patterns and forecast the future behaviors of the addresses based on past interaction patterns.

Our current predictive power is 98%. How can we say that we have 98% forecasting power?

That’s how — there is a public database — https://cryptoscamdb.org/. It’s what we call a forensics database, where the scam and fraud addresses are stored. For example, https://etherscan.io/ and https://app.mycrypto.com/ wallets use this forensics database to identify scams.

Our algorithm does not use the addresses listed in https://cryptoscamdb.org/ for the algorithm training. However, our AI algorithm recognizes 98% of the addresses in the CryptoScamDB database as fraud addresses.

That’s why we say we have 98% forecasting power.

Forensic Crypto Analytics versus AI-based Crypto Analytics

Forensic analytics works as follows:

• There are databases that tell whether an address was involved in a scam.
• And there are systems that measure the distance in “hops” from the scam or Tornado or other suspicious addresses

Hence it’s called forensic analytics — it can only state the facts after the event.

The issue is that the scammers or hackers are not using the old addresses — they use the new ones, which are not yet recorded in the forensic databases.

Therefore we need predictive analytics — it’s about analyzing the interaction patterns and predicting the possibility that these interaction patterns will result in the scam in the future.

Compliance requirements

Virtual Asset Service Provider regulations mandate the providers to:

• do the Crypto AML
• do the Crypto Transactions Monitoring

While many tools are available for the AML, only minimal and costly tools are available for crypto transaction monitoring.

So, most of the CeFi service providers focus mainly on the AML by saying that we verify all participants in the transactions, and hence the transaction monitoring requirements are also fulfilled.

However, transaction monitoring is more than AML checks. It requires identifying fraudulent transactions before executing the transactions. Regulatory requirements are that fraudulent transactions should not be executed at all.

That’s what we offer with the Crypto Fraud Score — if your counterparty wallets do not have a good score, you should better not transact with them.

Free Service to Crypto Community

We offer the Crypto Fraud Score user interface for free. The main reasons for this are:

• Forensic analysis tools are more for the detective work
• Forensic analysis tools are very costly tools
• The compliance requirements for the transactions monitoring

But why did we decide this?

Because it’s about the blockchain economy — the economy is based on contracts between the parties and contract parties trusting each other. But how can one trust the economy if there are no free means to validate the trust of your counterparties?

That’s why we launched Crypto Fraud Score – Don’t trust. Verify.

Additional Info

• SmartCredit.io integrates AI-based Crypto Fraud Detection and Big Data Analytics
• Forensic Crypto Analytics versus AI-based Crypto Analytics
• Learn how to use AI for Crypto KYC, Crypto AML and Crypto Transaction Monitoring
• Website: https://chainaware.ai/
• Twitter: https://twitter.com/CryptoTrust_ai

The post Predictive AI-based Crypto Fraud Detection Launched! first appeared on ChainAware.ai.