LolDEX Foundation partners TheVault to enhance cryptocurrency trading security
TheVault has entered into a memorandum of understanding (MOU) with LoLDEX, a decentralized trading protocol for crypto trading.
Singapore-based Vault Foundation is a company that provides a decentralized consensus security protocol that utilizes an AI-powered fraud detection solution.
LoLDEX believes that the partnership with the TheVault Security Consensus Network will accelerate blockchain transactions and minimise opportunities for cybercrime.
The agreement enables LoLDEX to leverage advanced, AI-powered fraud detection including as TheVault’s consumer anti-virus, malware, phishing and ransomware protection for all LoLDEX’s member’s accounts.
The Vault Platform is a blockchain security consensus protocol using an AI-powered fraud detection solution that guarantees digital transactions, whether they are fiat currencies or cryptocurrencies.TheVault Platform provides a three-tiered product approach:
- Security consensus network
- AI-powered Fraud Detection Solution
- Consumer device application protection.
Marco Baik, the co-founder at TheVault, said, “We can eliminate cyber attacks before they can start, exclude digital addresses from accessing a network or being part of a transaction. Using TheVault’s AI-powered fraud detection, we provide an increasingly smarter and safer way of transacting in cryptocurrencies, at the same time, can speed up the transaction approval process.
In addition to AI-powered fraud detection, LoLDEX will be able to add TheVault’s consumer protection to its network.
LoLDEX’s CEO, John Fearon says: “We only want to work with the best in the industry and are happy that we can partner with TheVault. Growing the crypto trading world and supporting our clients’ privacy and protection is vital to us.
Contact Details:
LoLDEX Foundation is a decentralized trading protocol for smart contracts. It aims to help decentralized crypto exchanges dominate the crypto trading world. Please contact CMO Dina Abdullah Enriquez (dina@loldex.io) for additional information about LoLDEX.
TheVault Ltd manages The Vault Foundation, a Singapore registered business dedicated to making the crypto transactions and the storage of crypto assets safe, and delivering to the fiat and digital payments sector. For more information please contact Marco Baik (marco@theVAULT.foundation) and
Dannie Francis (dannie@theVAULT.foundation).
