FissionSwap blocks fraudulent transactions right away and use anti hack algorithm to reverse the funds back to the smart contract owners.
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FissionSwap analyzes and identify the whereabouts of fraudulent transactions and then depending on fraud severity level, it attempts to block/freeze the transaction. Finally cancelling the transaction by reversing it back to the smart contract owners. Smart contract owners and token creators just need to insert small piece of FissionSwap codes into their system to get the benefits of our Anti-Hack protocol.
How it works:
- FissionSwap community team members will actively participate in designing and building anti hack bots, anti hack tools and custom APIs. FissionSwap provides a unique protocol for community members to join the pool and scan for suspicious transactions. Once fraudulent transaction is identified, the anti hack bot created by respective community members immediately freeze the funds and/or address. FissionSwap algorithm instantly deploys a fraud score to the particular transaction in question.
- FissionSwap community Jury members decide on the outcome of the transaction. Depending on the fraud score, hack parameters, real time hacking news, exchanges collaboration, token owners, smart contract creators, transaction size and other factors, they decide to reverse the transaction, permanently freeze the receiving address or settle it. The community members play a vital role in sustaining the Anti-Hack protocol and for this reason they are rewarded. FissionSwap protocol works on proof of stake mechanism. Members will be staking FissionSwap(FSP) tokens to scan and verify hacks and fraudulent transactions. The amazing member who stops the fraudulent transaction first is the real winner.
The member who recognizes the fraudulent activity first and stops it is entitled to get the reward. As more and more robust hack spotting bots, tools and APIs are created by the community members the system will only improve over time. The reward system plays as a incentive for community members to compete against each other to develop the best hack scanning tools and bots. Smart contract owners and token creators will only pay a fee after hack is successfully settled in their favor. Defi startups can use FissionSwap anti hack protocol to increase the trust of their token holders and protect themselves from losses and hacks. No doubt FissionSwap will increase the security of DeFi companies and token holders.
FissionSwap Protocol token is a utility token and the symbol is FSP. The maximum total supply of FSP token is set to 215 millions. FSP token is to be used for staking purpose inside our community ecosystem. Please refer to Tokenomics as under: