Dunamu subsidiary DXM’s support for ‘UPbit Safe’ FirmaChain

FIRMACHAIN
FIRMACHAIN
Published in
2 min readOct 23, 2020

Greetings this is FirmaChain

We are announcing a Integration with UPbit Safe, run by Dunamu subsidiary DXM.

UPbit Safe is a customized service provided by DXM, a digital financial subsidiary of Dunamu that operates UPbit, providing secure digital asset retention services and solutions that institutional investors can trust.

Optimized for digital asset trust, it supports secure transfer between accounts through systems such as white lists and multiple account systems, and is safely stored in combination with Multi-signature technology and Cold Wallet.

UPbit Safe currently supports digital asset such as Klaytn, Klaytn compatible tokens(KCT), Ethereum-based tokens(ERC-20), Stablecoin, BTC and Ethereum.

Through UPbit Safe’s digital asset Custody service, FirmaChain entrusts a total of 100 million FCTs, or about 54.3% of its current distribution supply. In order to withdraw assets after trust, the withdrawal application must be made through the agreement of the authorized people in the company, and in UPbit Safe, the withdrawal is made through internal security solutions after verifying that the withdrawal application was made through normal procedures. FirmaChain plans to continue to increase the quantity of trustees in the future to develop more transparent and reliable operations.

The Integration with UPbit Safe allows us to keep and manage some of the FirmaChain’s holdings more securely. If we have focused on expanding the FirmaChain’s global ecosystem through diversified Integrations, we plan to upgrade our efficient management system for safe and reliable FirmaChain in the future.

Thank you.

About FirmaChain

FirmaChain is an electronic contract and decentralized data storage platform that utilizes blockchain technology to prevent forgery, efficiently solving all of the limits of current electronic contract services. Through FirmaChain’s electronic contract service “Duite”, negotiations, transactions and editing history can be safely recorded without the contractors needing to meet in person. In addition, in the decentralized data storage of FirmaChain, miners and users can contract to store a certain file. The user transmits the file to be saved to the miner, and when the file transfer is completed, the miner encrypts the file and then copies, encrypts the file. Proof of file storage is then recorded on to the blockchain.

For more information about FirmaChain, or to join our team, please contact us at info@firmachain.org.

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