"Tron Fan Club" Tron Based Review Constest - My Contribution.

in Tron Fan Club2 years ago (edited)

Hello Tron Fan, based on the ongoing contest to review any Dapp on Tron blockchain, I will be reviewing TronTrade. Before I begin my review I will like to say a big thank you to @engrsayful for his classes to enlighten users on this platform to know more about all associated with Tron blockchain.

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TronTrade is an exchange Dapp built on Tron blockchain, where any user can buy or sell varieties of TRC10 and TRC20 token in few easy steps. The platform is very secure and offers reliable trading experience, and it focus on customer satisfaction with 24 hours 7 days customer support.

According to dappradar, TronTrade is rank 601 in term of general dapp and 52 in exchange and lastly 13 in Tron dapp ranking. TronLending statistics shows that 88 users completed 424 transactions in the last 24 hours with 330.7k TRX in volume and the balance is at 5.7M TRX. For the last 30 days, 907 users, 15k transaction, 13.16M TRX and balance remain 5.7M TRX.

Features of TronTrade Decentralized Exchange

-Exchange and chat view: This is the home page of TronTrade and it include details of all listed token available for trading. These details include pair, last price, 24 hours high, low and change, 24 hours volume and lastly TRX 24 hours volume.

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With this information, users can click on any pair you wise to trade and by clicking on that pair, a new page where you can perform technical analysis based on any time frame of your choice. The chat is from Tradingview which is consider as one of the best chat provider currently in the market.

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-Order Book: Remember all trade are pegged in TRX so all buy and sell order are all in TRX pair. From the order book, all prices in green represent buy order and it also include quantity of based token as well as amount of TRX. On the other hand, the sell order are indicated in red and it also include quantity of based token and also the total amount of TRX.

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Looking at the bottom right we can see all recent transaction which include their details such as price, amount and time.

-Event: This option can be found as the second option on the top ribbon and it provide information on the latest upcoming or ongoing events.

-News: This is the third option on the top ribbon and it where user can find any latest update about TronTrade.

-Leaderboard: This is the fourth option on the top ribbon and it shows the top traders, also their rankings, the total number of token and the address.

-The help Option: This is the last option on the top ribbon and it include three options and there are:

  • Support
  • FAQ and
  • Token listing.

All above option is to help users understand how to use the exchange dapp with ease by providing answers to asked questions and also tutorial that provide answer and FAQ answer most asked questions. The token listing form help user to request for a specific token to be listed on the platform by filling and submitting the provided form.

Other important features of TronTrade

-Trading fee: The charged fee for both buyer and seller is the same but they is what is called “flat rate model” and it been charged for all transaction. This rate is at 0.2% of the flat fee model. The average crypto exchange all over the world charges 0.25%, So TronTrade is a bit cheaper and this will matter for users who complete several transactions per day.

-Deposit on TronTrade: This decentralized exchange is the same with most DEXs we see around and they do not accept and form of fiat currency deposit. With this condition, that means any user without any form of cryptocurrency cannot trade on this platform.

Withdrawal on TronTrade: Withdrawing your token is easy and without any service fee as we see in other crypto exchanges. Some of these charges are fixed and most is dependence of the network. The good thing about TronTrade is that it is completely free which in my opinion is a huge advantage and this will attract many user to use this exchange.

Final remark

TronTrade is built to make buying and selling of TRC10 and TRC20 easy and in my opinion I think the dapp is achieving it aim. When you compare the ease of trading on TronTrade with other Tron exchange for example SunSwap or TRONLENDING I find it more easy to use. Even through, there are still few issue such as low transaction volume and been pagged with only TRX I still think it one of the best DEX I have use.

NOTE: There are few images due to the instruction for the contest and 10% author reward goes to the community account.

References
Dappradar
TronTrade
Cryptowisser

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Withdrawing your token is easy and without any service fee as we see in other crypto exchanges.

This is amazing, but my question is, the zero fee is it on certain tokens or all tokens?

Yes sir the zero withdrawal fee is applicable to all token.

A very nice review.
Thanks a lot for your effort

Thank you for reading sir

I was fascinated by your review, brother. You've beautifully described TronTrade's salient features. I wish you all the best, brother.

Thank you for reading sir really appreciate

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