DEEX: A DECENTRALIZED CRYPTOCURRENCY EXCHANGE BASED ON BITSHARES BLOCKCHAIN

flezy (40)in #blockchain • 6 years ago

Owing to the nature of cryptocurrency exchanges, one can say for sure that they play a very important role in the crypto space. Most ICOs only do private sales, Pre-sale, public sale, when one misses these stages, the next place to buy such tokens is from the cryptocurrency exchanges, through this way, the platform in question grows in value.
One such cryptocurrency exchange is Binance, which is a centralized exchange. Centralized in the sense that the platform is based on a central system with a decision being made by the owners.
Another exchange is Idex, Bitshares etc, these type of exchanges is decentralized. Decentralized in the sense that they follow the true idea of blockchain technology ushered in by Bitcoin which is; to make it possible for users to control their funds and assets the way they want.
Decentralized exchanges have proven to be the best type of exchange because they offer more security of assets, as the assets in question are saved on users wallet, thus less prone to hacking etc.
While on the other hand, the issues limiting centralized exchanges are security risks because all users assets are saved in the exchange's wallet. Another risk is political risks, unfair competition which leads to money laundering etc. There are other types of issues such as low TPS etc.
In a bid to solve all these issues led a group of professionals into creating an outstanding exchange named DEEX.

The Question Is, Why DEEX?

DEEX is an outstanding exchange following the main idea of blockchain technology which is absolute decentralization.
DEEX will be a platform which will make it possible for the creation of decentralized transparent blockchain system, a platform which will be a safe ICO conduct platform, a platform which will usher in cryptocurrency debit cards as well as the creation of own agent network crypto ATM.
DEEX will also make it possible for the third-parties to be integrated into its platform via its API.

In order to achieve these, DEEX leverages a decentralized platform such as Bitshares 2.0 which is a high-performance, high-value decentralized blockchain, which makes it possible for the creation of highly efficient smart contracts perfectly suited for financial activities.

With Bitshares 2.0 being the blockchain DEEX is based on, it will make it possible for DEEX exchange to;
a. Create secure cryptowallet thus making it possible for the transfer of funds with fewer charges.
b. Trade coins and tokens.
c. Empower its users to create their own crypto assets and trade them the way they want as well as making an investment such as buying tokens from well-arranged companies, therefore, participating in the distribution of profit.
d. Make sure there are well-suited security and reliability of all transactions in the blockchain through its DPOS algorithm as well as the creation of ICO mechanism.
e. Access gateways which will make it possible for the transfer of funds from trading platforms to payment systems for fiat funds.
f. Creation of accounts with escrow.

One of the noteworthy features of DEEX is its DPOS consensus algorithm which is a stable and flexible protocol for the confirmation of network blocks. With DEEX utilizing DPOS, it will be a fast, flexible and efficient decentralized platform thus, making it possible for stakeholders to participate in voting thus resolving certain issues which need consent on a fair basis.
Another feature is high-performance and low transaction costs which are made possible by Bitshares 2.0 thus allowing speeds up to 100,000 TPS. This then makes it possible for the performance of instant operations.

THE FINANCIAL TOOLS DEEX INTRODUCED

DEEX.FUND: This is a financial tool which is cryptocurrency blockchain funds or assets allowing the investment of different types of funds within the DEEX exchange, with all investments dependent on the investors level of attitude risk.
DEEX.CORE: This can be seen as the main token which empowers holders to receive income for the DEEX participants activities whether through direct or indirect participation in the work of DEEX exchange as well as the project launched on it. With DEEX.CORE it will be beneficial as well as low-risk investment in DEEX exchange.
DEEX.ICO: This can be seen as an ICO token which empowers holders to receive income from ICO without the need to investigate the details of each individual outstanding project. When users buy this token, they will have the opportunity to receive revenue from all ICOs carried out on DEEX. It is worthy to note that all ICOs are planned to be on the solutions or agreement from DESCROW.ORG