Newdex - The First EOS based Exchange - All the Airdrops - No KYC!
Newdex is a decentralized exchange which trades all of the EOS tokens that have been airdropped so far.
It sits on EOS and so is accessed by using Scatter. It launched on August 8th.
You don't have to move your tokens to the exchange but trade directly from within your browser. Unlike the 0x based DEXes using Ethereum there is no wrapping required so this is a major advantage. This also means that you don't have to register with the site and there is NO KYC - Whoohoo! Fees are 0.1% which is getting to be standard on the centralized exchanges and cheaper than the 0.2% that is charged on most decentralized ones.
I set the trading screen to night mode as it is easier on the eyes. It looks a lot like the web version of Binance in the basic mode. I prefer exchanges to have a column that lists all the trading pairs so that you can see all the markets moving and switch pairs when necessary. This UI has that although it is not so important at the moment as trading is very light.
The English on the site is very raw and the help section is pretty limited so if there is a problem I wouldn't expect much. There is no indication of either who they are or where they are based on the site but the language options are only Chinese and English so it is almost certainly China.
Despite the low volumes the spread between the buy and sell of many coins is very small so it is well worth trying out the exchange if you want to either increase your airdrop holdings or sell them off. With everything so cheap I might as well do a bit of buying :P
So this is very interesting... I really wish there was a little more information about who was behind this site. Exchanges can pop up and then disappear, so it is important to know who is behind them.
I agree that it is important to know who is behind them. Unfortunately there isn't a lot of information to that regard on the site. I'm not so sure that it matters so much with an exchange that doesn't hold your coins/tokens. If they do a runner they won't have your tokens/coins to run off with. I have no idea if it is possible to steal your credentials from Scatter but I would have thought at every point that you would need to sign something. As long as you are careful about what you sign in Scatter I would imagine it would be fine.
link?
newdex.io - EOS has had some latency issues today which has affected everything. Probably best waiting til tomorrow before you trade or look at EOStracker as they usually flag up issues on the network in red.
How do you think @sugarfix what will happen next?
Beyond the sun rising and setting every day I'm not going to be pinned down on anything :D
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