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Introducing: Verified Tokens List

Jul 16, 2024

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Top 10 key takeaways:

  1. Purpose: The PSP22 Verified Tokens List aims to enhance the safety, reputation, and trustworthiness of tokens on the Aleph Zero network.
  2. Threat Mitigation: It helps protect users from copycat tokens, phishing, rugpulls, and malicious contracts.
  3. Community-Driven: The initiative is led by Syncra, a DAO as a Service platform, and maintained by ecosystem project representatives.
  4. Verification Process: Tokens are manually reviewed and added to the list based on specific criteria to ensure integrity.
  5. Criteria for Inclusion:
    • Smart Contracts: Must be open-source with publicly available code.
    • Project Website and Documentation: Must have an official website with clear documentation, including a roadmap and tokenomics.
    • Social Media and Community Support: Requires active social media presence and a dedicated support team.
    • Original Content: All content must be original and free of plagiarism.
  6. Token Listings: Future plans include listing tokens recognized on major sites like Coingecko and CoinMarketCap.
  7. Submission Process: Token creators can submit their tokens via a GitHub Pull Request using a provided template.
  8. Verification Badge: Approved tokens receive a verified badge to help users identify legitimate projects.
  9. Resource Utility: The repository serves as a vital resource for understanding or buying tokens within the Aleph Zero ecosystem.
  10. Call to Action: Users are encouraged to cross-check tokens on aScan and the PSP22 Verified Tokens List to ensure legitimacy.
AI Summary

Keeping the ecosystem safe while helping projects strengthen their reputations

All throughout the crypto world and across every network, potential threats are always lurking. You need to stay vigilant—and always one step ahead of the shady actors creating new copycat tokens—along with protecting yourself from phishing, rugpull, and malicious contract traps.

The PSP22 Verified Tokens List is one more powerful tool you can put in your arsenal to defend yourself from these traps—and malicious actors that make shady tokens.

Enhancing the discoverability, reputation, and trustworthiness of tokens and projects built on Aleph Zero

The PSP22 Verified Tokens List is designed to be your official go-to list for verifying PSP22 tokens on aScan. PSP22 tokens are the equivalent of ERC-20 token standard in the Substrate framework, on which Aleph Zero WASM layer 1 has been built on.

The PSP22 Verified Tokens List is a community-driven initiative that is being led by DAO as a Service (DaaS) platform Syncra and maintained by ecosystem project representatives. It also aims to enhance the discoverability, reputation, and trustworthiness of PSP22 tokens in an inclusive, transparent, and decentralized way. 

How does it work?

On ascan.alephzero.org, there is a comprehensive and regularly-updated collection of data on crypto tokens operating on the Aleph Zero network. However, as anyone can create a token on the network, the PSP22 Verified Tokens List serves as an official repository that you can check with ascan.alephzero.org to ensure the legitimacy of a token.

A thorough, manual review and addition process to guarantee integrity 

Tokens are added manually to the list. For every token submission, a trusted committee of ecosystem project representatives requires detailed information such as a logo, name, description, and other relevant data. To guarantee the integrity and value of our repository, each token submission is carefully reviewed against specific criteria:

  • Smart Contracts: The PSP22 smart contract has to be open-source with publicly available code.
  • Project Website and Documentation: Your token must have an official website with clear documentation, including a roadmap and tokenomics.
  • Social Media and Community Support: Active social media presence and a dedicated support team are required to facilitate community engagement and user support.
  • Original Content: All submitted content must be original and free of plagiarism—content copied from other projects or companies will not be accepted.
  • Token Listings: Coming soon—the aim is to include tokens that are also recognized on major token tracking sites like Coingecko and CoinMarketCap to enhance the credibility of the tokens listed in the repository.

Add your tokens to the list!

If you have launched a token on the Aleph Zero network, you‘re welcome to contribute by submitting your token details through a GitHub Pull Request, utilizing the provided template.

Overall, this repository was created as a vital resource for anyone looking to better understand or buy tokens within the Aleph Zero ecosystem. Upon official approval, trusted tokens are granted a verified badge to help users identify legitimate and well-documented projects. 

DYOR!
Find your token on
aScan and cross-check it on the PSP22 Verified Tokens List now!

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