"Tron Fan Club" Tron Based Review Constest - My Contribution

Hello Everyone,
Today I'll be engaging on the "TFC Tron based Dapp Review Contest" and from what I've seen, it's a very lucrative contest. So I'll be making use of a Tron Dapp from the numerous ones out there and it's called " TronTrade Exchange Dapp" , explaining all it's features in my understanding and I hope you'll all enjoy it. Let's get started...

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_{Basic Details Of Wink Decentralized Application
DApp Name: TronTrade
DApp Link: TronTrade.io
Category: Decentralized Exchange (DEX)}

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What Is TronTrade

TronTrade is decentralized exchange that runs on the Tron Blockchain and makes use of TRX-token. It's been working since 2018, all the trading are done in TRC10 and TRC20 crypto. The main purpose of the establishment of this platform is to deliver "Safe and friendly" Dex for TRC10 and TRC20 tokens.

This platform has three main advantages of that benefits their trading. The first is their steady support team, they have a support team that can listen to customer complaints and deliver fast solutions to their problems. The second is the friendly user interface, the interface is easy to navigate and memorize as it lists out the major trading features at the homepage. And the third is their motivation for innovation, they are up to date with any features that concerns the crypto ecosystem.

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Now we're done with the meaning of TronTrade, let's take a look at it's trading view.

TronTrade Trading View

All Exchanges has their unique trading views and everyone of them is special to every user. The similarities between all trading views is that it shows the order book, a price chart of the selected cryptocurrency and purchase history. In this platform trading view, we can see the buy and sell order at the left side, the price chart and analysis at the centre, the open orders and order history at the bottom center and other cryptocurrencies and recent transactions on the right side. The exchange trading view has been simplified to make new users to easily understand it.

_{Screenshot From TronTrade}

TronTrade Trading fees

This exchange deliver the cheapest fees between takers and markers. They have a flat fee model is 0.20% which is surprising because the global industry average fee is at 0.25%. TronTrade uses this as an advantage to lure more users to their platform.

TronTrade Withdrawal fees

Withdrawal fee is another thing to consider before choosing an exchange, this fee is fixed regardless of the amount you want to withdraw. And it can vary from crypto to crypto. Today, the global industry average withdrawal fee is 0.000816 BTC when a person withdraws Bitcoin. But in TronTrade, there's a zero percentage on all withdrawal fees. This is quite impressive for an Exchange on the Tron Blockchain to do such. Right now, there are only about 30 exchanges in the world that offer this and TronTrade is among them.

Deposit Methods

Just like most other Dex Dapps, TronTrade doesn't accept deposit of any fiat currency. This can be problemsome for personnels wanting to begin their crypto journey or investor without previous holding of any cryptocurrencies asset. So to begin your crypto level, you have to buy from a Peer to peer (P2P) source or any other entry-level exchange before you can utilize the unique features of this platform.

TronTrade Security

Usually, all DEXs servers are spread out across the globe as opposed to Centralized Exchange that is concentrated. This method of Spread-Out servers reduces the risks attacks and server downtime. For example, If someone was able to take out a server, there wouldn't be a major issue as the remaining 99 servers are still operating and spread out across the world with different IP address. But if it was a Centralized Platform, there would be a major issue.

And again, A Dex doesn't have access to your assets when you trade with in their platform. logically speaking, If a hacker was able to hack the exchange (chances of doing so 0.00001%), the hacker doesn't have access to your assets but if it were a Centralized Exchange, your funds will be stolen.

Advantages Of Trading With TronTrade

1. It doesn't require a third party to store funds.
2. It's servers are spread out across the world which reduces possibilities of downtime.
3. Its immune to attacks from hackers.
4. Doesn't need any personal info to start.
5. Friendly user interface for beginners and professionals.

My Opinion On TronTrade

With the three days I've spent analysing this platform, I see nothing wrong with, it's safe and reliable and has a 24hrs working support team which can solve any issues regarding the trading So anyone looking for a Dex platform, I'll surely recommend this to them.

Conclusion

That sums up everything about reviewing of this Tron based Dapp and I'm sure we learned some useful information about it. Thanks for reading...

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