MoonX: The Next-Gen MemeCoin Trading Tool Built for Web3 Degens

At the just-concluded three-day Paris Blockchain Week event, crypto exchange BYDFi unveiled its latest product. Dubbed MoonX, the new tool facilitates memecoin trading, allowing users to maximize their engagement with their favorite meme tokens. The newest product combines features of centralized exchanges (CEXs) and decentralized exchanges (DEXs).

Today, most memecoin holders benefit solely from buying and holding the token. They also have to wait for several weeks or months before seeing their favorite token available for trading on crypto exchanges. BYDFi’s newly introducedWeb3 MemeCoin DEXfixes all these by seamlessly combining smart trading tools with memecoin accessibility. The MemeCoin trading tool’s goal is to enable traders to snipe the next 1,000x memes.

Commenting on the latest initiative, BYDFi’s CEO, Michael Hung,said:

“Traditional exchanges are shifting from a competition based solely on trading speed and fees to a broader ecosystem competition. The explosive growth of MemeCoins is driving a new wave of user growth. The future market leaders won’t just be those offering fast matching and low fees on CEXs, but platforms that can simultaneously link the on-chain ecosystem with user demand.”

MoonX currently supports memecoins launched on Solana, BNB Chain, and other major blockchain networks. Therefore, users can access over 500,000 memecoin trading pairs on the tool. MoonX’s inclusion of Solana-based memecoins entails that traders can access non-fungible memecoins likePudgy Penguins’ $PUDGYandMagic Eden’s $ME.

With degen traders in mind, MoonX facilitates a fast listing mechanism, a smooth trading experience, and real-time data monitoring. The Web3 MemeCoin DEX also taps into the ease of accessing trading tools specific to centralized exchanges and marries it with the advantages of decentralized, permissionless trading. MoonX levels the playing field for its users regardless of their trading expertise. As a result, memecoin traders on MoonX can copy the trades of whales, key opinion leaders (KOLs), and institutional traders.

While at it, MoonX offers various security measures, like multi-factor authentication, to keep investors’ money safe. The trading tool also taps GoPlus for third-party security audits.

BYDFi boasts over one million users across more than 190 countries. These users have front row seats to enjoy the benefits of the new Web3 MemeCoin DEX. More users are welcome to join the bandwagon by creating an account with the crypto exchange.

Launching a dedicated Web3 MemeCoin DEX is BYDFi’s way of taking the crypto industry to new frontiers. With this new product, more people will likely enter the market and unlock numerous benefits.