Seychelles, Victoria, February 12, 2025, Chain Wire
BYDFI, a well-known crypto exchange, has officially announced the upcoming launch of its new Web3 on-chain trading platform, Moonx. Moonx is specifically designed for Meme Traders and aims to provide a fast, secure, and intuitive on-chain trading experience. The platform integrates Safeheron’s core security technology, a self-supporting platform for digital assets, leveraging cutting-edge technologies such as secure multi-party computing (MPC) and trusted execution environments (TEE). Build leading industry-leading management systems. Ensures the highest level of security for your assets.
Meme Coin Surges Promotes Chain Trading Growth
Over the past year, the surge in Meme Coin’s transactions has resulted in an unprecedented increase in the volume of transactions on the chain. In 2024, trading fees from Meme Coin Trading in the Solana Blockchain ecosystem alone exceeded $3.093 billion, contributing to a historic increase in trading activities on the chain. But in addition to this growth, security concerns have become even more pronounced. On November 16, 2024, a distributed exchange (DEX) DEXX was attacked by a hacker, causing theft of a user’s private key and loss of $20 million in assets. The violation raised serious concerns about the security vulnerability of chain transactions and the importance of key private protections.
bydfi partners with Safe Heron to fully upgrade on-chain trading security
Every day, thousands of new meme tokens are emerging, and traders face the challenge of choosing quality projects while navigating extreme market volatility. At the same time, secret major security threats continue to be one of the most pressing issues in the Web3 space.
As a global crypto exchange, BYDFI focuses on security. Our collaboration with Safeheron is aimed at providing advanced security capabilities to Moonx, built on a decentralized trust model. Safeheron’s use of MPC and TEE Technologies is intended to address key vulnerabilities in the Web3 environment, and to enhance key management of Moonx and transaction signature protection. Partnerships include:
MPC Multi-Party Computation Architecture: A distributed model that eliminates the risk of single point key exposure and ensures secure key management and asset protection without relying on centralized custody. Cross-Device Security Experience: Embedded MPC nodes seamlessly support transactions across both mobile and web platforms, ensuring secure transactions across the entire device in an unreliable environment. Advanced Cryptographic Protocols: Supports elliptic curve algorithms such as ECDSA and EDDSA to enhance system protection against potential attacks and mitigate risks associated with encryption key management.
Moonx: Degen Traders’ Ultimate On-Chain Trading Arena
The high volatility of the memecoin market has attracted a wave of designer traders. This is a speculator that thrives in high-risk, high-reward trades. These traders are always looking for the next 100x gem. Moonx is dedicated to this audience and enables on-chain trading of assets across major blockchains such as Solana, Ethereum, Base and BNB chains. The platform supports over 500,000 token pairs, coupled with powerful market analytics tools, helping traders make informed decisions.
Moonx offers professional, professional-grade trading capabilities designed to optimize your user experience.
Take profits and stop losses: a tool to effectively manage risks in unstable markets and lock profits. Smart Money & Signal Copy Trading: Real-time tracking of whale wallets and large market movers allows users to copy transactions of wealthy individuals and institutional players. Order and One-Click Purchase/Sell: Combines the CEX-level user transaction experience with convenience and distributed capabilities to control optimal transaction control. Profit Optimization Strategy: Lock profits with wise strategies, collect initial investments, and hold the remaining assets for free.
“We’re looking forward to seeing you in the future,” said Michael, co-founder of BYDFI.
“Moonx is more than just a trading tool. It represents BYDFI’s vision and commitment to the future of Web3. By integrating Safeheron’s cutting-edge security technology, we are committed to the safest and most efficient Meme Coin We aim to provide a Trading environment and completely eliminate the security risks of Web3 trading.”
Moonx is currently in the final stages of development and will be on sale soon. Updates are available through BYDFI’s official channel.
About Saferon
Safeheron was founded in 2021 and is the global leader in open source, transparent digital asset independence solutions, headquartered in Singapore. Safeheron leverages Secure Multi-Party Computation (MPC) and Trusted Execution Environment (TEE) technology to provide institutional customers with the security level of digital assets self-reliant services and MPC privatization solutions, providing security and security. Enhance both management efficiency.
Website: https://safeheron.com/ Twitter: https://twitter.com/safeheron
About bydfi
BYDFI (Buidl Your Dream Finance) is the global top 10 Crypto Exchange, founded in 2020 and recognised by Forbes, trusted by more than 1,000,000 users worldwide. The platform has Money Services Business (MSB) licenses in multiple countries and territories, and is a member of the South Korean Code VASP Alliance, and is strengthening its commitment to regulatory compliance. All platform assets are held at least a 1:1 reserve ratio, and the Proof of Reserve (POR) reports are published regularly to support the highest asset security standards.
Website: https://www.bydfi.com Support Email: cs@bydfi.com Business Partnership: bd@bydfi.com Media Inquiry: media@bydfi.com
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Senior Marketing Director
Chloe
BYDFI FINTECH LTD
chloe@bydfi.com
