OneChain’s feature 2: decentralized exchange

Over the past decades, cryptocurrency exchanges have emerged as one of the most important tools used by investors to make profit in the digital assets world. Exchanges are online platforms on which users can sell and buy cryptocurrencies.

Actually, it is said that 99% of cryptocurrency trade still happens on centralized exchanges. Like a bank in the financial system, centralized cryptocurrency exchanges play a role as middle man, they offer not only security and monitoring, but also allow the users to find potential trading partners, if one individual forgets his or her key to the wallet, the Exchange can help to restore the wallet along with the lost digital assets. Furthermore, the centralized exchange allows a fiat integration which is so critical and convenient for users to trade.

However, the cryptocurrency is decentralized by nature, there are some shortcomings for these centralized exchanges:

Crypto exchanges are vulnerable and not immune to malicious activity hacker, for instance, on February 24, 2014, the Mt.Gox — one of the Bitcoin’s first exchanges has been hacked and nearly 745 000 BTC lost, Mt.Cox later filed for bankruptcy. On July 17,2017, a hacker hijacked the Coindash, stolen 43 000 ether tokens.
Another issue with crypto exchanges is that the Government ban. Due to the regulation policies, there have been some bans since last year, like the China Ban and the Korea ban ;
Lack of technological capability and poor support services for users.
The decentralized exchange is the future, it allows for better security, privacy and transparency as well as lower fees.

OneChain’s dApp offers users a decentralized exchange, compared to the major centralized exchanges, while we guarantee a great user experience because we integrated off-chain atomic trading technology and thunder transfer, along with our superwallet which supports 700 cryptocurrencies, all this combined features will facilitate the peer-to-peer exchanges and more decentralized trades.

As for the fiat deposit and withdraw, thanks to our Newton plan, ONE now put forward cryptocurrency standard system that generate USDA equivalent to the USD by mortgage. As for now, the trading pairs supported in the exchange include: EOS / BTC , ETH /BTC, EOS/USAD , BTC/USDA and RHOC/USDA. Users can mortgage in ONE wallet at the current price to generate the corresponding amount of USDA (one type of cryptocurrency), the mortgaged cryptocurrency can be redeemed at any time.

To better understand our Exchange fonction, please download the ONE dApp here: http://app.onechain.one/appstart_en.html

You can also join us telegram group at: https://t.me/onechain1