Allnodes launches new features to prevent users from losing their delegated tokens.
The Terra Classic community can now access extra security features to prevent scammers from going away with their delegated tokens via a new Allnodes service, according to network validator Classy in a tweet yesterday.
Alongside @Allnodes a NEW $LUNC Anti-Scam solution has been released.
People who stake with #LUNC validators & are scammed can NOW go to @Allnodes & have a chance at getting their funds back.
RETWEET TO SPREAD THE WORD ??? https://t.co/soXzYoHpQX
— Classy ? (@ClassyCrypto_) November 11, 2022
The Anti-Scam Help service is available to everyone using Allnodes to stake assets in the Cosmos ecosystem, the company writes in its blog post. The service helps users withdraw their undelegated assets immediately after the unbonding period expires.Â
Notably, in many instances where hackers have gained access to user wallets and undelegated user assets, they have been able to beat users to the punch to withdraw them first. It is this problem that Allnodes hopes to solve with its new service.
Users can choose from two Anti-Scam Help service options, the free Regular Service or the Premium Service, which charges a percentage of the funds recovered should Allnodes succeed.
Allnodes, in a disclaimer, warns that the service does not guarantee the recovery of user funds. However, it increases the chances.
Notably, nothing is charged to the user of the Premium Service if the recovery attempt fails. However, Premium service users are more likely to recover their funds as Allnodes broadcasts their withdrawal transaction to multiple network nodes than a single node with the Free Service. Consequently, with the Premium Service, it is more likely that the withdrawal transaction gets processed before the scammer’s transaction.
It is worth noting that Keplr, Ledger, and Cosmostation are the only wallets that currently support the service. Consequently, users must create a wallet with one of these platforms to use the service.
It comes in addition to scam protection proposals passed on the Terra Classic chain to give users an added sense of security. Notably, due to its budding community, scammers are increasingly targeting the LUNC community.
Classy, who shared the Allnodes announcement, was also the author of a Terra Classic proposal that increased the minimum requirements for users to make and initiate voting on proposals on the Terra Classic network. The proposal came in response to the rise in scam proposals on the Terra Station.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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