In a world infested with bots, here is how CoinMarketCap is fighting the AI invaders.
CoinMarketCap has been dedicated to creating a fair and transparent environment for its millions of users for years now.
With that being said, bot activity has continued to be a growing issue among all online platforms in recent years, and CMC is recognizing the threat posed by bots and their potential to manipulate markets by implementing robust security measures to make sure its user base is fully authentic.
Let’s discuss the various measures taken by CoinMarketCap to ensure a smooth and genuine experience for its users free of bots and fake accounts.
#1 - A Standard Security Model
Firstly, CoinMarketCap adheres to a comprehensive standard security model, which incorporates industry best practices to safeguard against bot activity. This model encompasses multiple layers of security protocols and encryption algorithms to protect user data and maintain security at all times.
By employing advanced measures, CMC strives to create a trusted and safe platform for all users and community members.
#2 - Relentlessly Monitoring Patterns
CoinMarketCap actively monitors account activity patterns to identify and deter bot activity. By analyzing site activities, posting frequency and other factors, CoinMarketCap can identify suspicious patterns that flag bot accounts. This vigilant monitoring allows for the early detection of potential bot-driven engagement and ensures that genuine interactions aren't compromised.
#3 - Advanced AI Detection
CoinMarketCap leverages AI technologies to detect and flag suspicious activities associated with bot behavior.
Advanced AI algorithms are employed to identify potential red flags that may indicate bot activity. By utilizing AI-based detection systems, CoinMarketCap can quickly identify potential bot accounts and take action to keep the platform safe.
#4 - Expert Manual Checking
Backed by the aforementioned AI detection system, CMC’s dedicated team of experts also conducts its own manual checks to keep the website secure. These experts review the flagged cases in detail, investigating the specific accounts and activities highlighted.
This diligent manual process also helps ensure that genuine users are not falsely flagged as bots - which can be a big problem in itself.
#5 - User Reporting, Community Feedback + 2FA Security
Lastly, CoinMarketCap also relies on its community to report any suspicious activity they encounter. By encouraging users to actively participate in maintaining platform integrity, CoinMarketCap can use these insights and observations to further enhance their bot-detection capabilities.
CoinMarketCap recognizes that the battle against bot activity is an ongoing endeavor. To stay ahead of evolving bot techniques, CoinMarketCap continually enhances its security measures and algorithms.
By regularly updating its detection systems, CoinMarketCap can adapt to emerging threats and maintain a reliable platform for users to access accurate and transparent crypto data.
Want To Appeal a Suspension?
If you believe that your suspension on CoinMarketCap is a mistake, and you are in fact a genuine user, the platform provides a process for users to appeal their suspension. CoinMarketCap understands that errors can occur, and strive to ensure legitimate users aren’t penalized unjustly...
Typically, there are multiple ways to contact CoinMarketCap, including email, a dedicated support ticket system, or even reaching out through their official social media channels.