DEEX – The Multipurpose Cryptocurrency Exchange

aiberg (41)in #deex • 6 years ago

As the number of cryptographic currencies get close to 2,000, it is important to find exclusive platforms that can hedge lapses and provide all-round functionality for these currencies. DEEX, a cryptocurrency exchange working on the premise of the Graphene blockchain, has come on board to disrupt the otherwise decentralized cryptocurrency exchange market. By it coming, it is set to unleash several functionalities which were hitherto absent on other platforms.

Why Graphene?

It became clear that traditional blockchains were prone to hacks. At a point, reports had it that over $500 million of users’ funds were siphoned from their accounts on centralized exchanges. Hence, DEEX settled for the trendy blockchain platform, Bitshares 2.0; a platform that has no record of hacks and has also repute for efficient creation of smart contracts for the cyberspace community.

Among other impressive features, Bitshares 2.0 offers full-scale decentralization and offers flexible payments for its services. Also, cryptocurrencies which are transacted through the medium get paired with stable assets. In addition, there is tendency of processing a 100,000 transaction each second. These features (in addition to support for Delegated Proof of Stake consensus) were part of reasons why DEEX is using the Graphene blockchain.

What should we expect?

It is quite true that the exchange’s premise on Bitshares 2.0 lets it use the platform’s built-in functionalities. On its part, it has other upsides that were hitherto, not part of conventional cryptocurrency exchanges.

Crypto-to-Fiat Conversion

First on the list of services is support for crypto-to-fiat currency conversion. As more altocins enter the crypto sphere and as the general value of cryptocurrencies is on the rise, it is time to start pursuit for fiat interoperability. Through the cryptocurrency debit cards, DEEX allows users link their wallets to fiat gateways. From that medium, they can then convert their digital assets to fiat currencies.

Crowd Funding

For investors that would like to hitch a ride to the buoyant crypto community, the exchange’s platform lets them host their Initial Coin Offerings (ICOs). Also, they can receive funds easily and investors will get their cuts from revenues generated from each ICO.

Transparency

The exchange promises to be transparent and has already taken steps to link decentralized and centralized exchanges. After this, professional traders can manage funds on both platforms.

Financial Technologies

To partake and benefit from funds in the exchange, DEEX provisions three (3) financial instruments. First, DEEX.CORE lets participants receive income from their participation in the exchange’s functionalities.

Second, DEEX.FUND is a cryptocurrency blockchain that lets investors contribute their quota to the exchange. For instance, an investor can trade on different crypto coins within the exchange. In spite of the risks involved, investors can leverage that as there are available fund traders to leverage the risks.

DEEX.ICO is the third on the list and from the medium, investors can receive income from Initial Coin Offerings (ICOs). First, tokens from ICOs will be on sale through this medium. Investors will make a purchase and receive their income automatically without checking on the standings of each of the ICOs they invested.

Key Features

Aside the above, DEEX has a cryptocurrency debit card that comes in handy for payment of services within the exchange. Second, there is a convenient GUI which is compatible with modern browsers. Third, there is security of data as the exchange has built-in P2P messenger for communication purposes.
Also, there is provision for an API which lets users integrate third-party applications into the platform. The era of wallets hacks is over as DEEX lets users have access to hardware cryptocurrency wallet.

In the last lap, there is superb standby customer service that works round the clock to ensure maximum service to the user. The tendency of losing an account is reduced as the exchange restores your account even after losing your password. Finally, there are multiple trading pairs to choose from in enhancing your cryptocurrency trades.

THE DEEX TEAM

Drawing the Curtain

DEEX is perhaps another milestone in the era of cryptocurrency exchange. As the year comes to an end, hopes are high that the value of cryptocurrencies will be on the rise in 2019. Hopefully, DEEX will in the coming year, be a force to reckon with in the league of cryptocurrency exchange.

6 years ago in #deex by aiberg (41)

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