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Working of the Mosdex Trading Engine And Why are the trades Not Publicly Available on Blockchain Explorer | by Mosdex | Feb, 2023

in Crypto Exchanges
Reading Time: 4 mins read
Working of the Mosdex Trading Engine And Why are the trades Not Publicly Available on Blockchain Explorer | by Mosdex | Feb, 2023
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Mosdex is an Artificial Intelligence powered crypto arbitrage staking platform that provides users with a unique investment opportunity through its proprietary Profit Sharing Model (PSM). The platform utilizes advanced AI and machine learning tools to identify profitable crypto arbitrage opportunities across thousands of market pairs, including centralised exchanges, decentralised exchanges, staking, farming and yield farming liquidity pools, and other DeFi opportunities. By staking their BTC or USDT, users can benefit from Mosdex’s PSM model and share in the platform’s profits.

One question that has been raised by some members of the community is why trades executed by Mosdex’s trading engine are not publicly available on blockchain explorer. The reason is that all such trades are performed across multiple centralized and decentralized exchanges, liquidity pools, staking protocols, lending pools and other DeFi protocols, with majority transactions being off-chain and are performed through APIs. It is therefore not possible to keep a publicly shared ledger of these transactions and put them on-chain.

The Mosdex’s PSM model uses MxID (also known as ‘MX’), which is an identification code that distinguishes all transactions made through MOSDEX’s trading bot. This is used to determine the trading details and validity of the trading engine for internal operations. While customers cannot see the transaction history, they have access to their deposits, staking activity, rewards, and withdrawal details within the dashboard.

The Mosdex team realize the importance of transparency and we assure you that MOSDEX is a well-established platform with a presence in the market for over two years. Mosdex has proper licensing in applicable jurisdictions and have undergone third-party audits, the details of which can be found on https://docs.mosdex.com/resources/audits/.. Additionally, Mosdex is a listed entity on Crunch Base and has been featured on leading news platforms such as CoinTelegraph, Investing.com, and Bloomberg.com.

Mosdex takes the security and safety our user assets seriously and the platform is designed to offer a secure and user-friendly interface with multi-level authorization, blockchain-based logging of all user actions, and backup services provided by authorized companies to monitor and protect against attacks (e.g. DDoS). Additional security measures include: secure header on HTTP request/response, CSRF protection, suspicious user detection, authentication and detection, DDoS attack prevention, secure web services, security audits, and multi-signature wallets for cold wallet security.

To know more about Mosdex, head out to our website https://mosdex.com

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