What is decentralized exchange?
Decentralized Exchange (DEX) is a platform that does not rely on third parties to save their money, all user transactions are automated and directly between users (peer-to-peer network). In other words, DEX, a decentralized exchange, gives complete control over funds and transactions to users, eliminating intermediaries to avoid security, hacking, and fraud risks. In addition, taxing or controlling the costs of decentralized exchanges is very difficult. Based on these views, MainFinex was created to create a robust digital asset trading platform.
Many of us no longer need to explain the benefits of modern blockchain technology. We know exactly what the advantages are and how they can change the structure of many technical processes in all spheres and areas of our lives.
The cryptocurrency market also seems to be becoming more popular every day. With the growth of cryptocurrencies, astronomically love Bitcoin and Ethereum, and others. Currently, there are many digital platforms that use human resources that still do not have sufficient skills. So this causes a lack of quality of the created technology. This affects the operating systems of platforms that initially worked well, but ended up crashing when dealing with a large number of transactions. And often, users experience transaction failures caused by this network problem. Some users who cannot tolerate this then decide to leave the platform. This is a form of frustration shown because the technological system that is designed is not reliable. Of my reasons above,.
About MainFinex
MainFinex is a completely new cryptocurrency exchange solution. Mainfinex is a universal trading platform that has many services for buying, trading and exchanging digital currencies.
Mainfinex offers reliable exchanges that crypto traders can use to make informed transactions and participate in the cryptocurrency market. At the time of launch, Mainfinex was offering 15 different cryptocurrency pairs, all of which included USDT. Mainfinex cryptocurrency exchanges offer something for every type of trader, regardless of experience level. Beginners will appreciate the intuitive interface and the fact that Mainfinex uses Tradingview charts, which have many online tutorials. Advanced traders will appreciate hundreds of drawing tools, a large number of indicators and a high level of chart customization.
Objective of the project
The main goal of the developers of the main index of the exchange is that users have all the conveniences to carry out their exchange operations, implementing each individual process quickly and with a minimum commission.
With the advent of this kind of project, the life of many traders will change to “before and after”. Since it is in Mainfinex that they will find the most reliable and high-quality impulse, which is based not only on the automatic presentation of market analysis and some abstract theories. Moreover, it is formed directly on the experience and knowledge of professional traders who spend hours forming market analytics, revealing its dynamics and growth rates.
On November 1, 2019, Mainfinex will be officially launched, offering cryptocurrency traders a simplified interface for completing their transactions.
Mainfinex will build on its previous experience when the beta goes online March 28, and IEO Mainfinex begins on September 16. MAINFINEX offers reliable exchanges that can be used by crypto traders to conduct informed trading and participate in the cryptocurrency market.
The problems that today's exchanges face
We see that most cryptocurrencies face the following unresolved issues:
The large number of exchanges with little differentiation complicates the choice of the platform for work.
Because we have reflected this in our name, we position ourselves as an easy and understandable exchange to make it easy for users to select it and find out how it works. Everything else is an easy-to-use interface and a variety of features based on current best practices - a gift for the right choice.
A large number of merchants are unable to lose money.
The statistics of different markets for asset trading are different, but overall more than 70% of traders lose money in exchange transactions.
Pain points that are still present.
We have never heard of NASDAQ or NYSE being hacked and cryptocurrency exchanges taking place on a monthly basis. Delays in requesting and verifying transactions on large cryptocurrency exchanges can take several minutes (such as peak activity), while traders make long attempts to access the same milliseconds of data or split seconds earlier than others. This problem certainly disappoints many trading companies or professional foundations - so this may be why they are still surviving.
This estimate is not an estimate of income.
The Exchange does not have sufficient statistics to estimate revenue based on the behavior of its own users, and relies only on open source data. One indicator provided by BTI shows that the difference in actual turnover is 100 times as soon as the TOP 30 is excluded from the calculation, and bitterly states that "95% of the reported bitcoin volume is counterfeit". to make decisions about investing in our exchanges or purchasing tokens. Remember that the cryptocurrency sector is still very young and has many risks that are difficult to predict.
In addition, this calculation will not serve as a basis for deciding whether to invest in our exchange or purchase our tokens.
Remember that the cryptocurrency sector is still very young and has many risks that are difficult to predict.
This exchange also uses additional sources of income:
We estimate the potential share of additional revenue from 25 to 90% of foreign exchange income, in addition to trading expenses.
The main cost categories are
Currency pairs
At the time of the launch of Mainfinex, 15 different cryptocurrency pairs will be available, all of which included USDT, Tether. These are such currencies as:
BTC, ETH, OMG, ZIL, REP, GNT, XIN, BAT, SNT, WTC, LRC, IOST, MITH, ELF, HOT.
As Mainfinex grows, the list of cryptocurrencies is likely to expand and will also include pairs that include assets other than USDT.
Mainfinex also allows website visitors to easily find all the necessary information, from the latest news to support for login and registration.
Conclusion
Without a doubt, in order to appreciate all the advantages and features of Mainfinex you will not have enough of my brief review. However, here I concern only the part of the complete concept that you can learn through the technical documentation of the project.
As for my own opinion, I think this project is very interesting and promising. Because there really is no platform on the market where people can ruin their luck and learn how to trade, because they can make professional traders.
And to fully understand the essence of this process, I still recommend that you familiarize yourself with Mainfinex in more detail. For this, I have prepared all the necessary resources, the links to which you will find at the end of this article. There he is! Thank you and see you again!
More information on the project MainFinex please visit their website listed below:
WEBSITE: https://mainfinex.com/index.html
WHITEPAPER: https://mainfinex.com/whitepaper.pdf
ANN:
TELEGRAM: https://t.me/mainfinex
TWITTER: https://twitter.com/mainfinex
FACEBOOK: https://www.facebook.com/Mainfinex-423428881717932
MEDIUM: https://medium.com/@mainfinex
Author
• Bitcointalk username: David12jay
• Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2168034
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• My Wallet: 0xf3FC5b884b0337976F064b4ee471eDf8A626396e
