Mastering Bybit Web3 DEX Pro: Secure Trading With New Tools
At Bybit Web3 DEX Pro, we’re committed to ensuring that every trade you make is secure and informed. That’s why we’ve introduced a comprehensive Safety Score and Jupiter Verified feature for every token available on our platform. Whether you're a seasoned trader or just starting out, these tools are designed to help you make smarter, safer decisions across our selection of over 1 million tokens.
Key Takeaways:
Bybit Web3 DEX Pro is a decentralized trading platform that allows users to trade a wide range of tokens across multiple chains.
Safety Score is a scoring system that assigns values ranging from 0 to 100 to tokens listed on Bybit Web3 DEX Pro, giving users an easy way to gauge the potential risks associated with each token.
Jupiter Verified is an extra layer of verification highlighting tokens that have undergone rigorous auditing and security checks from trusted third-party sources.
What Is Bybit Web3 DEX Pro?
Bybit Web3 DEX Pro is a decentralized trading platform that allows users to trade a wide range of tokens across multiple chains.
What Is the Safety Score?
Each token listed on Bybit Web3 DEX Pro is now assigned a safety score ranging from 0 to 100. This score provides an easy way to gauge the potential risks associated with a token, based on a variety of important factors. The higher the score, the safer the token is considered to be, helping you trade with greater confidence.
Key Factors Behind the Safety Score
The safety score is calculated based on several key indicators:
Contract Security: We assess the token’s smart contract for vulnerabilities, bugs and potential risks to ensure your trades are backed by secure technology.
Liquidity: We analyze the token's liquidity to determine whether there’s enough trading volume to buy or sell easily without significant slippage.
Top Holder Distribution: A token’s risk increases if a few wallets hold most of the supply. That’s why we evaluate the concentration of top holders to spot potential manipulation risks.
Number of Holders: A wider distribution of holders indicates a more stable and trusted token. The more unique holders, the better the score.
24-Hour Trading Volume: We track the token’s daily trading volume, as low-volume tokens can be illiquid or manipulated.
What Is Jupiter Verified?
In addition to the safety score, Bybit Web3 DEX Pro now features the Jupiter Verified function. This extra layer of verification highlights tokens that have undergone rigorous auditing and security checks from trusted third-party sources. If a token is Jupiter Verified, you can trade it with even more confidence.
Projects that are Jupiter Verified must meet the following requirements:
Be at least 21 days old
Have a daily trading volume of more than $10,000
Have a market cap of more than $100,000
Contain unique metadata (symbol and name do not duplicate another project on the community list)
Have more than 500 unique holders
To learn more about Jupiter verification, you can visit the Jupiter Guide.
Closing Thoughts
The introduction of the Safety Score and Jupiter Verified feature on Bybit Web3 DEX Pro marks a significant step forward in promoting secure and informed trading. By equipping users with essential risk assessment tools and highlighting trustworthy projects, we aim to foster a safer trading environment. As you navigate through our vast selection of tokens, remember to utilize the Safety Score and look for Jupiter Verified tokens to enhance your trading experience. At Bybit Web3 DEX Pro, we’re dedicated to supporting your journey in the dynamic world of cryptocurrency with the confidence and security you deserve.
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