Along with the rise of new technology and blockchain, there is a rising need for a cross-chain platform on which users can exchange and trade different cryptos. However, while developing cross-chain technology is necessary, there is another need that developers and investors should worry about. That is the ask for protecting users and companies from crypto theft, hack, and exploitation such as the Axie Infinity case in which theft stole more than 600 millions USD from Ronin Network. Developers should also think about the money laundering aspect to avoid cases such as tornado cash in which the developer was arrested since users used the platform as a tool for money laundering.
What it does
- Moonxelar is a platform for users to trade crypto tokens from different platforms. Our Dapp is a safe token exchange for different cryptos.
- We also provide trade activity tracking service to alert users about suspicious activities in their accounts and urge customers to take actions to protect their funds.
- We have an admin dashboard. The dashboard tracks different suspicious activities for potential money laundering and alerts admin to take a look and escalate cases. Money laundering cases can be transfer between different high risk countries or multiple transfer with same amount during a short amount of time.
Deployed Moonbeam contract
How we built it
- We built the token exchange using Axelar and Moonbeam SDK, Solidity
Challenges we ran into
We had challenges to put everything together in one Dapp
Accomplishments that we're proud of
We were able to build our Dapp and demonstrate the functions
What we learned
We learnt about Moonbeam, Axelar, Solidity and deploy contract.
What's next for Moonxelar
Currently we offer exchange tokens between Moonbeam and Avalanche but we want to build more token exchange between different cryptos as well.
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