Bermuda (BMDA)

Bermuda (BMDA) is a decentralized, non-custodial, and legally compliant privacy wallet & proxy DEX that operates on the Ethereum Blockchain. It offers users a convenient and user-friendly way to maintain privacy by keeping their holdings, trades, and transactions hidden from the public. Bermuda is designed for individuals who want to hide their holdings from the public while complying with the law.

The native token of Bermuda is BMDA, an ERC-20 utility and governance token. Holders of BMDA can use the app without paying fees, participate in the Bermuda DAO to vote on project governance and stake their tokens to earn a share of platform revenues. Bermuda provides privacy for different user groups, including crypto traders who want to protect their holdings and trades, crypto influencers who need to manage giveaways and prizes securely, businesses that want to pay staff and contractors in cryptocurrency while keeping wallet contents private, and web3 projects that require privacy for transactions involving native tokens.

Bermuda operates on a web3/web2 hybrid. All user interactions are signed and verified on the blockchain, ensuring security and transparency. While Bermuda is decentralized and non-custodial, it keeps a private audit trail of transaction data that would normally be publicly visible on the blockchain. This audit trail is not accessible to the public and exists to take action against wallets involved in illegal activities. Bermuda prioritizes legal compliance and prohibits using its service for illegal purposes. The platform has been externally audited for security and includes features like a privacy DEX, anonymous sending, and staking options for BMDA holders.