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Chinese Simplified Decentralization Futures Trading exchange Sun Wukong: A comprehensive security, risk control, and user feedback mechanism has been established.
According to Shenchao TechFlow news, on October 15, the world's first Chinese Decentralization Futures Trading platform, Sun Wukong, held a community AMA, answering user questions regarding security mechanisms, risk control design, transparency, and user feedback mechanisms. A spokesperson for the Sun Wukong community stated that the platform adopts smart contracts for self-custody and multi-signature mechanisms, with assets fully verifiable on-chain. Since its public testing, the platform has not experienced any security incidents, with assets exceeding 50 million dollars.
In terms of risk control, Sun Wukong has built a three-tier defense system consisting of an automatic liquidation system, a price oracle manipulation prevention system, and AI-driven 24/7 abnormal volatility monitoring. Since its public testing, it has processed over 1.8 billion USDT in transaction volume with zero systemic risk events. Regarding transaction transparency, fee $SUN buybacks and other activities are ongoing simultaneously, allowing the community to track income distribution in real-time. In addition, Sun Wukong has established a multi-channel user feedback mechanism, and the team plans to launch a trading data Dashboard and low-latency API in Q4 to further enhance the platform's openness and professionalism.