What is Scampi.ai?
Here’s an overview of how Scampi can benefit you and your investments.
“Do Your Own Research” or “DYOR” has long been gospel in the crypto space. But what if you want to start investing but don’t have the time? Then Scampi is for you!
Scampi has been designed act as a Scam Perception Index for investors like you. It’s a tool to help you make confident investment decisions by assessing and quantifying the potential risks associated with different cryptocurrency investments. Here’s an overview of how Scampi works and how it can benefit you and your investments.
Purpose and Functionality
Scampi provides a comprehensive risk assessment to crypto investors by analysing various factors that could indicate the likelihood of a project being a scam. The index scores cryptocurrencies based on a range of metrics, from historical data to market behaviour and project legitimacy. The higher score Scampi gives a project, the riskier it will likely be.
Key Metrics
- Developer Anonymity: Scampi measures the transparency regarding the identities of the project developers. Projects with well-known and reputable teams
- Project Documentation: Evaluates the quality and comprehensiveness of the project’s whitepaper, road map, and available documentation. Projects with detailed and clear documentation receive lower risk scores.
- Community: Assesses the activity and engagement within the project’s community, including social media presence and responsiveness to inquiries or concerns.
- Audits: Incorporates results from security audits of the project’s code. Projects that have undergone and passed rigorous security audits are considered less risky.
- Market Behaviour: Analyses trading patterns for signs of manipulation, such as pump-and-dump schemes. Unusual market activity can raise a project’s risk score.
- Regulatory Compliance: Evaluates whether the project complies with applicable legal and regulatory standards, reducing the risk score for compliant projects.
Scoring System
Scampi utilises a scoring system from 0 to 100, where 0 represents the lowest risk of scam and 100 represents the highest. This system allows investors to quickly assess potential investments at a glance.
Beyond Crypto
Scampi can also assist you beyond the crypto market! It can analyse the authenticity and viability of various investment opportunities, including company investments. By utilizing advanced analytics and cross-referencing data from multiple verified sources, Scampi provides you with a comprehensive overview of potential investment risks and rewards. It enables you to conduct in-depth background checks on companies, review financial health, and scrutinize the legitimacy of business operations. Scampi’s user-friendly interface also allows you to quickly identify red flags such as inconsistent financial statements, dubious business practices, or a history of legal issues, making it an essential tool for anyone looking to make informed and secure investment decisions.
Benefits for Investors
- Risk Mitigation: Helps investors identify high-risk projects and avoid potential scams.
- Informed Decision-Making: Provides a data-driven basis for making investment decisions.
- Portfolio Management: Aids in the diversification of portfolios by incorporating risk assessments into the selection process.
Implementation Considerations
- Data Sources: Scampi aggregates data from various sources, including blockchain explorers, social media platforms, and regulatory reports.
- Regular Updates: The index is updated regularly to reflect new data and changes in the crypto environment.
Scampi will significantly enhance the cryptocurrency investment landscape by providing a standardized, data-driven approach to evaluating the legitimacy and risk of various crypto projects. This will contribute to a safer and more stable investment environment within the blockchain technology sphere.
