BitWell Bi-Weekly Report (07.04–07.17)

BitWell
4 min readJul 20, 2022

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Product Technology

1. Upgrade of wallet and asset management risk control system in

an all-round way:

a. Optimize the offline wallet multi-signature mechanism to enhance the stability and security of the wallet.

b. Upgrade the risk control strategy of stored wallet assets to significantly improve the efficiency of withdrawals.

c. Upgrade the liquidity alarm monitoring system to further enhance the safety of platform assets.

2. BitWell spot trading volume continued to rise, with the average daily trading volume of BTC exceeding 10,000, the average daily trading volume of ETH exceeding 100,000, and the daily trading volume breaking $500 million, hitting a record high.

3. The mobile terminal is updated and upgraded, the Android version is upgraded to 1.8.1, and the iOS version is upgraded to 1.12.13:

a. Spot transaction is optimized with smoother user experience

b. Contract module is optimized to improve contract trading experience

c. Fully optimize the UI interface and enhance the visual effect

Market operation

1. In order to protect the safety of users’ assets, BitWell issued the third warning of counterfeit websites and APPs.

The official website of BitWell is https://www.bitwellex.tech, or https://www.bitwellex.com, and users should log in and download the APP through this address.

This is the third time a fake website has been discovered within a year, and users are expected to pay attention to differentiating. If users encounter problems when logging in to the official website or downloading the APP, or have questions about BitWell related domain names through online searches, they can directly contact customer service for handling.

For details, please click:

2. Strategic cooperation

a. BitWell Labs and Galaxy Heroes have reached a strategic cooperation. Both sides will carry out all-round, multi-angle cooperation and innovation in Web3, Metaverse, GameFi and future technologies.

BitWell Labs and Galaxy Heroes will carry out in-depth technical cooperation on the metaverse game of the same name <Galaxy Heroes>, aiming to introduce game with social and space themes into the world of Web3 and break through the barriers between Web3 and the metaverse.

In the space of future technology, BitWell Labs will also assist Galaxy Heroes in the development of the project, providing technical support and underlying infrastructure services for the project, and will also provide support in terms of funding, marketing, and community operations, and plans to jointly create original independent IP and movie projects in the blockchain world, and promote the rapid development of the galactic hero metaverse.

click to read:

https://bitwellglobal.medium.com/bitwell-labs-and-galaxy-heroes-reach-a-strategic-cooperation-and-will-empower-each-other-in-the-958fc0404960

b.BitWell Labs has reached a strategic cooperation with Asia Pacific Electronic Coin. Both sides will cooperate and explore in social media marketing, digital economy and green economy synergy.

Both sides will cooperate on the synergy of digital economy and green economy. BitWell Labs will provide financial support for the photovoltaic project of Asia Pacific Electronic Coin, assist in the establishment and operation of the project, and explore the integration of APECOIN into the project to bring additional economic benefits to its development. At the same time, they will further explore the integration of the digital economy with green energy and clean energy, so as to provide users with more investment channels in the green economy.

BitWell Labs will also provide technical support for Asia Pacific Electronic Coin on the construction of social media websites and applications for environmental advocates, and assist in market promotion and operation, so as to boost people’s environmental awareness and allow more environmental advocates to join in.

click to read:

https://bitwellglobal.medium.com/bitwell-labs-and-apecoin-reached-a-strategic-cooperation-to-explore-the-integrated-development-of-b09f1be40921

2. BitWell official: The platform treats users in all countries and regions equally, resolutely protects users’ privacy and asset security, and will not provide users’ personal information at the request of some financial institutions, and continues to build a more private, fair and free Web3.0 encryption environment.

3. As an emerging Web3 exchange, BitWell is making every effort to recruit talents in the spce of Web3.0. There are currently 1000+ vacancies, including back-end engineers, product manager, smart contract development engineers, global business, etc., and continue to carry out product innovation and exploration of new business.

4. BitWell reply why netizens have slow loading of the official website recently

Recently, some netizens have inquired about the reasons for the slow loading speed of BitWell’s official website. The person in charge of BitWell replied on social media: There are many platforms in crisis recently, and users have the need to manage assets in a decentralized manner. BitWell has far more than 100% reserves and the highest level in the industry. The risk control system has led to a surge in registrations and visits. Currently, more servers are being deployed globally.

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