Moonxelar

A safe platform for users to transfer cross-chain tokens while being protected from fraud or scams, and protecting the Dapp from unintentionally supporting money laundering activities

Comment

Inspiration

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

https://moonbase.moonscan.io/tx/0x2e430af628ca0434ecc30ff1ec41335acc2932dd83b003476f3ffc597e40f62d https://moonbase.moonscan.io/tx/0x68b20c3dd5cef46640f88a7a2cfa7933b6281c6c2afb5c488a5bbdaad8ddae4a

How we built it

  • We built the token exchange using Axelar and Moonbeam SDK, Solidity
  • We built the Dapp page using HTML, CSS, and Javascript.

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.

Built With

Share this project:

Updates