📢 DECENT (DCT) gateway with 0% fees for decentralized trading platform Bitshares RuDEX launched

in blockchain •  11 months ago

Hello!

We’re expanding our support for Graphene based chains by creating gateways with 0% market fee on Bitshares DEX. So far we’ve launched the following Graphene-based gateways:

Today we’re glad to present another gateway to a blockchain that was launched fairly recently: DECENT.

DECENT is a revolutionary blockchain technology, that allows content creators to instantly access the global marketplace. In addition to an ability to valuate your content, DECENT removes the costs of outside services, provides instant payments and simplifies crowdfunding.

DECENT offers its users ease of use and reliability of traditional distribution channels, as well as an ability to directly support your favorite authors.

As usual we’ve set the market fee for RUDEX.DCT to 0%.

Trading DCT on RuDEX has several advantages over trading them on centralized exchanges. Here are the main ones:

  • An ability to trade against completely decentralized assets (bitRUBLE, bitUSD, BTS, etc)
  • 0% trading fee for RUDEX.KRM
  • Active development and support for the gateway and rudex.org entry point by the members and witnesses of KARMA chain.
  • Ease of on/off-ramping into fiat (gateways for bitRUBLE with fees as low as 0%)
  • Telegram based trollbox
  • Only you control and can access your account and funds
  • The Bitshares based exchange can’t close be blocked (with desktop applications for all popular OSes allowing you to connect even if the site is blocked)

During the design of the gateway we were aiming to ensure the following parameters:

  • Security
  • Independency
  • Transparency and ease of audit
  • Strict correlation between amount of tokens in the wallet and on the DEX
  • Minimization of the fees
  • Ease of use
  • Stability

As always one of the goals during the gateway creation was an ability to publicly audit it.

As you probably noticed that recently we registered RUDEX.DCT assets on the Bitshares blockchain.

According to our last point, the amount of DCT on DEX will be the same as the amount of DCT that the gateway has on DECENT blockchain. The gateway is set up so that the amount on the DEX can be smaller than on our wallet, but it can’t be higher. So you can always be sure that money never appears on the DEX out of nowhere.

Here is how it is implemented on the Bitshares side:

  • when you deposit your tokens to the Bitshares network, the required amount is issued
  • when you withdraw the tokens, the required amount is burned

That way the amount of UIA tokens (RUDEX.DCT) is de-facto equal to the amount on our wallets. For DCT it is rudex wallet.

AUDIT

In the future our gateways would have a stand-alone section for auditing them on rudex.org. But for now you can use the following services:

Our goal was not only to create a convenient instrument for people to use (we’re working on making it completely open source), but also move towards more decentralization, since more gateways the DEX has, the less centralization around any one of them.

One of the features of our gateway that makes it different from the existing ones, is that as a Graphene ambassador, we’re setting 0% market fees for chains based on this technology. We can afford that from the witness payments that we receive. If you like what we’re doing please vote for us!

To give you an ability to move your tokens even when other gateways are experiencing technical difficulties we plan to launch special cross gateway service. Even then it would be impossible to withdraw more funds that we have on our public account on DECENT blockchain.

Short guide on using the gateway

How to deposit DECENT to RuDEX

deposit from decent.gif


How to withdraw RUDEX.DCT to DECENT from RuDEX

withdraw_to-Decent.gif

In time we’ll also create gateways for the coins that we consider the market is going to be interested in, but for non-graphene chains, those markets will have some minimal market fees.

Support our BLCKCHND witness on DECENT blockchain, your votes support our work.


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перевел на биржу rudex SBD а написал GBG они на биржу не пришли. что делать?