TRON Exchange | TronTrade Exchange : A Tron DEX With Zero Withdrawal Fee || 10% @steem-database
This is my second post to the Steem-Database community; big thumb up to @disconnect, I discovered the community's second contest Tasks #2 - Review & Promote TRON Exchange, I've followed the community account as I don't want to miss any of their weekly contest since it's related to crypto and blockchain in general. Today I'll be reviewing TronTrade, a tron-based exchange, grab a sit and enjoy.
According to dappradar, the TronTrade exchange platform is now ranked 11th among decentralized exchange in the Tron ecosystem, 51th in the exchanges category, and 545th generally.
TronTrade DEX statistics in the last 30-day timeframe shows that the exchsy Balance is $350.44k (5.38M TRX), and a Volume of $938.68k (14.5M TRX), with a -59.05 percent decrease.
TronTrade has completed 15.18k Transactions with a -34.54 percent decline in the last 30 days. Clearly, the Volume has increased by 26.28 percent when compared to the prior 7-day period. The data from the last 7 days show that the JustLend user base is 375, up from 890 in the previous 30 days, representing a 8.38 percent increase.
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TronTrade Decentralized Exchange
TronTrade is a decentralized cryptocurrency exchange centered on the TRX token. The platform has been operational since 2018, and all trading pairs are denominated in TRX. TRC10 and TRC20 cryptos can be traded here in a quick and easy manner. The purpose of this decentralized platform is to be the "safest, most user-friendly, and dependable" decentralized exchange that allows users to buy and sell TRC10 and TRC20 tokens. Their plan is to provide users on the with high quality Tron tokens, 24/7 technical support, and a strong community emphasis.
Features Of JustLend
- The Exchange & Chart View
In TronTrade landing page, the view of the market is displayed, this contains the list of the tokens available for trading, their current price, the high price, the low price, the change in percentage, the coin volume as well as the volume in TRX all in the last 24 hours.
Users can easily monitor the tokens, and easily perform technical analysis on the token by clicking on it and checking the charts to see the trend movement.
The chart is from Tradingview so it can be easily comprehended and analysis can be done with ease since it has numerous features, remember it's from Tradingview
- Order Book
Since all of the tokens are pegged to TRX, all of the buy and sell orders are in TRX as well.
The buy order is in green and includes the price, quantity of based token, and total amount of TRX, whereas the sell order is red and includes the price, amount of based token, and total number of TRX.
The recent transactions can also be seen, with the price and amount of based token as well as the time.
- Events
This shows the latest or trending trading events, users can easily monitor the next event or view the previous events.
The Events section is located beside the exchange section on the landing page.
- News
This shows the lastest update from TronTrade, users can easily check the recent update and read the latest news.
- Leaderboard
This shows the top traders and their rankings, the address and the total tokens traded
- Help
There are three options here;
Support
FAQ
Token Listing
The support allows users to understand the platform, it provide answers and tutorial to the features of the platform while FAQ gives answers to the frequently asked questions on the platform, the token listing allows users to submit token that they want the platform to list.
The token name, project, the token symbol, issue price, social media handles and many more are among the things to be submitted..
Other Features Of TronTrade
- Trading Fee
The fees for buyer and seller are the same on this TronTrade exchange. However, they have a "flat rate model" for their charges. 0.20 percent is their flat fee model. The global crypto exchange sector average is 0.25 percent, therefore the TronTrade is slightly lower. However, we're seeing a trend where numerous exchanges are shifting to a smaller trading fees, such as 0.10 percent and 0.15 percent. TronTrades trading fees, for the time being, are comparable to, if not somewhat lower than, the global crypto exchange averages.
- Deposit On TronTrade
TronTrade, like all (or nearly all) many DEXs, does not take any fiat currency deposits. This means that cryptocurrencies investors who have never held cryptocurrency assets before will be unable to trade on this platform. To trade your first cryptocurrency, you must first deposit the listed tokens on the platform, such as TRX or BTT, which you may get on a CEX or other exchange that allows users to buy crypto with fiat, and then deposit the token to your TronTrade, where there is no fee on every deposit.
- Withdrawal On TronTrade
Like every crypto exchanges, you need to pay a certain amount of fee to withdraw your tokens, some are fixed while some depends on the network, but the amazing thing about TronTrade is that you don't have to pay any withdrawal fees. Zero. This is quite astounding, especially considering that there are only few exchangers in the world that offer no-fee withdrawals. This is an amazing features and kudos to the team behind the platform.
Final Words
In comparison to other prominent DEX built on top of the Tron Blockchain, the TronTrade platform offers many features one of which is zero withdrawal and deposit fee, an easy-to-understand user interface for new traders. This undoubtedly opens up a path for traders who want to trade using DEX. Although there are some flaws which includes low transaction volume, no fiat deposit option, tokens are only pegged with TRX.
That concludes my review of TronTrade Exchange, a Tron blockchain-based DEX that I believe ought to be promoted because its features and usability will be extremely beneficial to Tron traders. I'd want to express my gratitude to @steem-database and @ponpase for hosting these fantastic contests. I hope that these contests will continue for a long time so that crypto enthusiast can learn more about cryptocurrencies and blockchain in general.
References
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