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About the Wash Trade

Wash trading is a process whereby a trader buys and sells a security for the express purpose of feeding misleading information to the market.

Wash trading and ill-intentioned behaviours are the leading problems deterring new users from entering the NFT ecosystem.

The most impactful way to strengthen the NFT platform is with wash-trade detection and flagging models because Collectors and Traders are unable to make informed decisions.

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Detect Wash Trades

We are building a detailed knowledge graph of the complete NFT transaction history including transfers, wallet addresses, and reward token distributions.

  • Building a DataSet

    With this dataset, we can train models to detect, flag and grade malicious or suspicious traders.

  • Detect the Patterns

    This will drastically increase platform trust by detecting and stopping wash trading in a manner that is fast, reliable and scalable.

  • Increase Trust & Safety

    We’re going to increase trust and safety across the NFT platform and ecosystem utilizing a combination of knowledge graphs, predictive analytics and deep learning.

How It's Made?

Agent Ransack acting as a watchdog that flags the spoofing transactions between the traders that manipulates both volume and price of the assets in the NFT ecosystem.

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Build Knowledge Graph

Built the knowledge graph of all the NFT transactions where we identified multiple (wash trading) patterns within the transactions.

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Detect WashTrade Patterns

With transaction history, we detect a Loop aka Self trade Cycle (2 or 3 traders),a Cycle with Sub-cycles (more than 3 traders).

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Flag Spoofing Transactions

Flagged spoofing transactions as suspicious, thereby preventing the marketplace's rewards mining system from sending the rewards to wallets.

Our Milestones

We’ve hit a bottleneck in the human capital which provides our platform support concept and business plan.

Leave a Message

  • Munich, Germany

  • +91 9538036390

  • info@bitscrunch.com

  • Join us on Telegram