Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Chinese Decentralized Contract Exchange Sun Wukong: A Comprehensive Security, Risk Control, and User Feedback Mechanism Has Been Established

Chinese Decentralized Contract Exchange Sun Wukong: A Comprehensive Security, Risk Control, and User Feedback Mechanism Has Been Established

ChaincatcherChaincatcher2025/10/15 14:59
Show original

ChainCatcher reported that the Chinese decentralized contract trading platform Sun Wukong held a community AMA, answering user questions regarding security mechanisms, risk control design, transparency, and user feedback mechanisms.

The Sun Wukong community spokesperson stated that the platform adopts smart contract self-custody and multi-signature mechanisms, with all assets verifiable on-chain. Since the public beta, the platform has not experienced any security incidents, and assets under custody have exceeded $50 million.

In terms of risk control, Sun Wukong has built a triple defense system consisting of an automatic liquidation system, a price oracle anti-manipulation system, and AI-driven 24/7 abnormal volatility monitoring. Since the public beta, it has processed over 1.8 billion USDT in trading volume with zero systemic risk events. Regarding trading transparency, fee $SUN buybacks and other activities are carried out simultaneously, and the community can track revenue distribution in real time.

In addition, Sun Wukong has established multi-channel user feedback mechanisms, and the team also plans to launch a trading data dashboard and low-latency API in Q4 to further enhance the platform's openness and professionalism.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!