Core Product
Overview
Argus Asset Protection (AAP) is our flagship product, designed as a cutting-edge rug pull prevention middleware. AAP seamlessly integrates with popular multichain wallets and major swap sites across Ethereum, Solana, and Arbitrum networks, providing users with comprehensive protection against fraudulent activities in the cryptocurrency space.
Key Features
1. Flexible Protection Coverage
Using our intuitive dApp, users can:
Enable protection on all their current holdings
Automatically protect all future token purchases
Selectively enable protection on specific coins of interest
2. Subscription Process
Users subscribe to rugpull protection for tokens they already hold or have just purchased through the Argus platform.
Upon subscription, users approve the token using Permit2, granting specific, limited permissions to Argus.
3. Permit2 Integration
Permit2, developed by Uniswap, is a secure permission system that allows Argus to monitor and protect user tokens without having full access to their wallets.
Permissions Granted: Amount of tokens and watching expiry
Functionality: Allows Argus to monitor tokens and return them to the original wallet if necessary
Security: Argus has no permissions other than returning tokens to the original wallet
Transparency: Our contract is open-source and audited, with wallet permissions clearly displayed
Permit2 functions similarly to OAuth, providing clear, basic permissions without granting full account access.
4. Continuous Monitoring and Protection
AAP employs advanced AI algorithms to continuously monitor subscribed tokens for fraudulent activities, including:
Liquidity Withdrawals: Detection of large-scale liquidity removals, often indicative of rug pulls
Token Functionality Manipulation: Monitoring for unauthorized changes to token contracts, such as minting new tokens or altering transaction fees
Suspicious Pattern Recognition: Our AI constantly scans and learns from the entire network, improving its ability to identify and react to potential threats
5. Proactive Asset Security
Upon detecting fraudulent activity, Argus swiftly:
Front-runs the detected fraudulent transaction
Safely withdraws the user's holdings
Returns the tokens to the user's original wallet
6. Entry Requirements and Fees
To access Argus products, users must hold a minimum of 50,000 Argus tokens at launch
Fee structure for services (To be detailed in a separate section)
Security and Transparency
Regular Audits: Every change to our contract undergoes an audit, with major changes subject to multiple audits
Immutable Permissions: Neither Argus nor potential hackers can alter the permissions granted through Permit2
Data Privacy: Argus does not use third-party services or share user data
Future Developments
Stay tuned for upcoming detailed breakdowns of:
The Argus ecosystem architecture
Our AI fraud prevention algorithm
By combining advanced technology with a user-centric approach, Argus Asset Protection stands as a formidable shield against the ever-present threat of rug pulls and other fraudulent activities in the cryptocurrency space.
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