CXID is Driving Safety Education In Web3

CXID
1 min readNov 22, 2022

The recent turn of events in the web3 space has led to everyone asking questions about the scalability of the ecosystem. A number of those questions circle around safety and how that plays out for everyone in the future. Currently, it is estimated that we’ve lost about $7.7 billion in crypto due to safety measures not adequately met, as well as a number of other contributing factors.

One of the triggers of these renewed safety and security concerns in crypto is the FTX saga in the cefi world. The actions of SBF exposed both institutions and individuals to catastrophic losses. Outside of that, in places like the Defi and NFT ecosystem, safety and security are serious concerns, as users search for how to avoid loss of assets as they perform transactions.

We’re Driving Safety Education In Web3

This is our core initiative for building CXID and the community. We want people to have a better understanding of how to transact safely in crypto; using CXID.

We also want to tackle the issue of safety beyond the product by providing insights that will help you stay safe and a community that will protect you from vulnerabilities.

Join our community, here.

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CXID

CXID enables users of CEXs (centralized exchanges) receive deposits and complete withdrawals without copying and pasting wallet addresses.