Learn about "Morphing" your cryptocurrencies with this new Decentralized Exchange

matthewoz101 (56)in #metamorph • 6 years ago

A need for Decentralized Exchanges

As most cryptocurrency holders know, exchanges can be a gold mine for both the exchange and the investor. In fact, back in March of this year, Binance reached over $200+ million in profits from the exchange alone. Many exchange tokens, such as BNB, KCS, etc. have brought HUGE returns in such a short period of time.

I'm constantly searching for new exchanges so that I won't miss out on potential massive gains. There is still plenty of room in the cryptocurrency exchange market for new competitors. There is especially a need decentralized exchanges, in which there isn't a middle men that may take unnecessary fees and cause many other problems.

According to McAfee, in a recent interview here, he talks about cryptocurrency and bitcoin towards the end of the video. One of his main focuses is about the purpose of privacy currencies and the idea of governments not being able to control them. Centralized exchanges can be controlled by the government and they have been. For instance, most people remember the FBI gathering information from CoinBase. Whether the governments shut down exchanges or ban privacy currencies, there is a need for decentralized exchanges in which governments can't shut down these exchanges.

Meet Metamorph.pro

Metamorph.pro is a decentralized exchange focused on users being able to switch currencies to other currencies. This is swapping of currencies is what Metamorph.pro calls a "Morph".

A "Morph" is a phrase that describes what is commonly called an "Atomic Swap". What is an Atomic Swap? An Atomic Swap gives cryptocurrency owners the opportunity to trade currencies from one blockchain to another with an easy transaction. For both owners, the trading of the different currencies from one blockchain to another is done in a completely trusted manner.

The end result of using the Atomic Swap is that the exchange is performed instantly, with low transaction fees and removes the need for a centralized party or exchange service to complete the transfer on behalf of the buyer/seller.

The benefits of Metamorph.pro

1. They already have a working product

As you may know, many cryptocurrencies in 2018 will NOT survive due to the fact that many lack usability. Many ICOs refund their token holders because they can't finish their product. If you visit the site, Metamorph.pro or click here, you can find that they already have the exchange ready to be launched. You can try out the exchange and see how easy it is to use.

2. A Complete Trust without Fear

Many exchanges have been in hacked in the past years. Funds can be lost, stolen, or traded without your permission. Through Atomic Swaps, there's no need to worry or fear due to the decentralized nature. Cryptocurrencies are never held by the exchange, only by the user. In other words, the user keeps the tokens in their own wallet, rather than the exchange's wallet.

3. A built in Wallet

There's a built in wallet planning on being integrated into the exchange. The wallet can hold different cryptocurrencies and can send/receive cryptocurrencies from the exchange itself or other exchanges/sources. The wallet also connects to an exclusive Metamorph.pro debit card for spending funds. The wallet also allows for users to buy back in at a specific price or sell at specific price.

4. A built in Portfolio

I'm sure many cryptocurrency holders find it annoying when trying to input all of their holding into a portfolio app. Through the Metamorph.pro exchange, there will be a built in portfolio. Analysis will also be provided along with suggestions for the portfolio.

5. Easy to start Trading

Most newbies have no idea how to draw trendlines, use indicators, etc. on their centralized exchange. Metamorph.pro provides easy gauges that show when to buy or sell using different indicators. By showing easy to understand gauges of when to buy and sell, it allows for newbies the ease to trade. Indicators and other alerts can be applied for advanced traders as well.