It is the new year 2019, and the crypto space has a lot to offer to the world yet again as we wait and hope for more off chain usage. The level of off chain usage has been on the rise for a while now as more and more people are beginning to see reasons to accept cryptocurrency as a means of payment for both on chain and off chain based transactions. But a very important part of cryptocurrency that we sometimes see as not so important, the crypto exchanges is what we are going to really talk about today. The crypto space possess lots of exchanges as it stands already, some exchange are doing well as it stands, while some other exchanges are on the verge of sinking to the ground below. The fact is that only few exchanges are on par with the main vision with which cryptocurrencies were created . To help refresh your memory let me put you though what cryptocurrencies really are.
WHAT IS CRYPTOCURRENCY :- It is a digital currency created to replace the centralized banking form with a decentralized form of function through the use of blockchain technology. This means that the entire crypto space/ blockchain was created to be completely centralized and transparent.
Now you understand how decentralization leads to better transparency, in my talks about crypto exchanges I always refer to the two main types of exchanges that are available in this space, and these are the centralized and decentralized exchanges. From their names I believe you would understand a bit of how their mode of function would look like, as one is completely decentralized, while the other works with a decentralized blockchain,but a centralized mode of operation or function.
Thereby, one can say centralized exchanges are less transparent than decentralized exchanges .
Over the years, the types of exchanges with the upper hand in the crypto world has obviously been the centralized exchanges, due to how they meet up with traders needs of vast liquidity . Therefore centralized exchanges have been more rated to their decentralized counterparts. While on the other hand decentralized exchanges has been suffering from poor trade volumes and general usage. It is now a tradition that any reasonable project that wants to look into the future most list their token or coin on a centralized exchange, while pump and dump tokens or un serious tokens are generalized with decentralized exchanges. How long do you think that trend will last? I dare say it won’t remain so forever, because this centralized exchanges are limited by their centralization and when people really get learned in the way of cryptocurrency, decentralized exchanges will become the most favoured
I PRESENT TO YOU THE NEW DAWN IN DECENTRALIZED EXCHANGES
The Deex exchange is a decentralized exchange that will bring glory to the decentralized exchange sector, and this will be done by the adoption of the bitshares 2.0 platform. The deex exchange has been in existence for several months now and has been on consistent progress in terms of functionality. The deex exchange platform possesses liquidity and volume that is lacked on several decentralized exchanges out there. And also the exchange makes sure that it continues to add exotic pairs to the exchange to enable traders see the need to trade on the deex exchange . The deex exchange asides liquidity also possess other strengths that makes it a whole package. Strengths like its own deex token which was sold on ico during q1 2018 and has since then been a success despite the bear market. The deex exchange team is very innovative and experienced in exchange matters and as repects to that decided that the deex token should not only be traded on the deex exchange, but also on other exchanges out there. Knowing fully well that this would increase the level of awareness of the deex token and hence increase its performance in the value market, while also bring the name of the deex exchange to the minds of millions. The deex token price can always be monitored on coinmarketcap. The team is not stopping there as the aim to increase the number of exchanges where it will get listed, while also working day in day out to ensure the deex exchange becomes an important exchange in the crypto space . The deex exchange is on with future and as a result has lots of goals to meet up with. Do use the deex exchange platform for your daily trading and you will not regret you did.
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