Seychelles, VICTORIA, February twelfth, 2025, Chainwire
BYDFi, a well known crypto alternate, formally introduced the upcoming launch of its new Web3 on-chain buying and selling platform, MoonX. Particularly designed for meme merchants, MoonX goals to supply a quick, safe, and intuitive on-chain buying and selling expertise. The platform integrates core safety applied sciences from Safeheron, a self-custody platform for digital property, leveraging cutting-edge applied sciences reminiscent of Safe Multi-Get together Computation (MPC) and Trusted Execution Atmosphere (TEE) to construct an industry-leading key administration system that ensures the best stage of safety for customers’ property.
Meme Coin Surge Fuels On-Chain Buying and selling Progress
Over the previous 12 months, the surge in Meme Coin trading has led to an unprecedented rise in on-chain transaction quantity. In 2024, transaction charges from Meme Coin buying and selling on the Solana blockchain ecosystem alone exceeded $3.093 billion, contributing to the historic enhance in on-chain buying and selling exercise. Nonetheless, alongside this development, safety considerations have develop into extra pronounced. On November 16, 2024, the decentralized alternate (DEX) DEXX was attacked by hackers, ensuing within the theft of customers’ personal keys and a lack of $20 million in property. This breach raised severe considerations in regards to the safety vulnerabilities of on-chain buying and selling and the significance of personal key safety.
BYDFi Companions with Safeheron to Absolutely Improve On-Chain Buying and selling Safety
Daily, hundreds of recent Meme tokens emerge, and merchants face the problem of choosing high quality initiatives whereas navigating excessive market volatility. On the similar time, the menace to personal key safety stays some of the urgent points within the Web3 house.
As a worldwide crypto alternate, BYDFi locations a powerful emphasis on safety. Its collaboration with Safeheron is meant to carry superior safety features to MoonX, constructed on decentralized belief fashions. Safeheron’s use of MPC and TEE applied sciences goals to boost key administration and transaction signature safety for MoonX, addressing key vulnerabilities in Web3 environments. The partnership consists of:
- MPC Multi-Get together Computation Structure: A decentralized mannequin that eliminates the dangers of single-point key publicity, making certain safe key administration and asset safety with out reliance on centralized custody.
- Cross-Machine Safety Expertise: Embedded MPC nodes that seamlessly help buying and selling throughout each cell and net platforms, making certain safe transactions throughout gadgets in a trustless surroundings.
- Superior Cryptographic Protocols: Helps elliptic curve algorithms reminiscent of ECDSA and EdDSA to bolster the system’s protection in opposition to potential assaults and mitigate dangers related to cryptographic key administration.
MoonX: The Final On-Chain Buying and selling Enviornment for Degen Merchants
The excessive volatility of the Meme Coin market has attracted a wave of Degen merchants—speculators who thrive on high-risk, high-reward trades. These merchants are continuously looking for the subsequent 100x Gems. MoonX is purpose-built for this viewers, enabling on-chain buying and selling of property throughout main blockchains together with Solana, Ethereum, Base, and BNB Chain. The platform helps over 500,000 token pairs, coupled with highly effective market evaluation instruments to help merchants in making knowledgeable selections.
MoonX gives an array of specialised, professional-grade buying and selling options designed to optimize the consumer expertise:
- Take Revenue & Cease Loss: Instruments to successfully handle danger and lock in earnings in risky markets.
- Sensible Cash & Sign Copy Buying and selling: Actual-time monitoring of whale wallets and huge market movers, permitting customers to repeat trades of high-net-worth people and institutional gamers.
- Restrict Orders & One-Click on Purchase/Promote: A CEX-level consumer buying and selling expertise, combining comfort with decentralized options for optimum transaction management.
- Revenue Optimization Methods: Lock in earnings with good methods, recoup the preliminary funding, and maintain remaining property with no value.
Michael, Co-Founding father of BYDFi, said:
“MOONX is greater than only a buying and selling instrument—it represents BYDFi’s imaginative and prescient and dedication to the way forward for Web3. By integrating Safeheron’s cutting-edge safety expertise, we purpose to ship the most secure and best Meme Coin buying and selling surroundings, eliminating safety dangers in Web3 buying and selling fully.”
MoonX is at the moment within the ultimate phases of improvement and can quickly be launched. Updates will likely be obtainable by means of BYDFi’s official channels.
About Saferon
Safeheron is a worldwide chief in open-source, clear digital asset self-custody options, based in 2021 and headquartered in Singapore. Using Safe Multi-Get together Computation (MPC) and Trusted Execution Atmosphere (TEE) applied sciences, Safeheron offers institutional purchasers with the best stage of safety in digital asset self-custody companies and MPC privatization options, enhancing each safety and administration effectivity.
Web site: https://safeheron.com/ Twitter: https://twitter.com/Safeheron
About BYDFi
BYDFi (BUIDL Your Dream Finance) is a Forbes-recognized international high 10 crypto alternate, based in 2020 and trusted by over 1,000,000 customers worldwide. The platform has obtained Cash Companies Enterprise (MSB) licenses in a number of nations and areas and is a member of the Korea CODE VASP alliance, reinforcing its dedication to regulatory compliance. All platform property are held with at the least a 1:1 reserve ratio, and Proof of Reserves (POR) reports are often printed to uphold the best asset safety requirements.BYDFi is dedicated to offering a world-class crypto buying and selling expertise for each consumer.
- Web site: https://www.bydfi.com
- Help Electronic mail: CS@bydfi.com
- Enterprise Partnerships: BD@bydfi.com
- Media Inquiries: media@bydfi.com
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Contact
Senior Advertising and marketing Director
Chloe
BYDFi Fintech LTD
chloe@bydfi.com
BYDFi Partners with Safeheron to Launch MoonX, The Ultimate Platform for Secure MemeCoin Trading
