THE BANKDEX PRISTINE DECENTRALIZED EXCHANGE SOLUTION

A cryptocurrency exchange is a platform where traders buy and sell digital assets. It is just like the conventional stock exchange markets where shares are bought and sold for various prices by brokers. An exchange usually indicates prices of various currencies and charges for each transaction. Users normally pay exchanges for executing orders. For an exchange to perform this role, it must get its name entered in the exchange registry.

Presently, many trading platforms are centralized. They host matching algorithms based on their proprietary message format on an independent bases. Data centralization is accompanied by its risks which include data breach, market monopoly, malicious manipulations etcetera.

My experience with centralized exchanges has made me realize some major hiccups many users encounter while trying to get the best of the platforms. Centralized trading platforms are owned and controlled by businesses, users funds are in the custody of the exchanges. They are also vulnerable to cyber atteacks. This has made centralized platforms to become targets of hackers and cyber criminals. Centralized exchanges charge fees for using their platform to trade and even when withdrawing funds, withdrawal charge gets deducted. All These are contrary to what the Blockchain infrastructure represents which is a decentralization and cheap financial services access.

In as much as there is a gradual shift towards the decentralized technology, most global financial systems still operate on centralized platforms especially in the crypto space. Many digital asset traders depend on third parties to execute asset trading. The decentralized system provides a more acceptable and reliable platform for peer to peer trading on the blockchain, eliminating middlemen and their incessant charges.

Decentralized exchanges can easily replace the Centralized trading communities only if the right modalities are put in place and implemented to the latter.

Recently, my studies led me to an innovative trading solution built on a powerful blockchain. This attracted my attention and I felt indebted to share. It is called BankDex.

BankDex is a decentralized digital assets trading platform designed to allow users to receive and send Crypto assets irrespective of the blockchain network. It enables a cross chain and intra chain network on an unparalleled technology. This feature makes BankDex unique compared to what is obtainable today.

BankDex is on a mission to make digital assets trading simpler, accessible and super fast for everyone. BankDex is also poised to merge the consortium, public and private chains and also guarantee super successful transactions at very minimal costs.

Bankdex has a user friendly interface that is very convenient and simple to navigate for everyone including beginners. The dashboard carries all the necessary information such as equivalent of tokens in dollars, user's trade history and orders, funds details, open orders to mention a few.

Trading can commence once traders have successfully connected their hardware wallet and ledger nano. The utilization of hardware wallet is to guarantee safety of tokens and to ward off hacks and cyber theft. BankDex simply ensures that while trading progresses, the user's private key never gets retrieved from the device.

The SAM utility token has been designed to serve as the native token of the BankDex decentralized exchange. SAM is an ERC20 standard token with a maximum supply of 1 billion. The softcap has been pegged at $1 million USD while $6.5 million is the hardcap. Opening token price is placed at $0.019 USD.

SAM token holders for 5-12 months will qualify to share in the revenue proceeds based on the amount of tokens in their possession. Users who trade using SAM tokens within the BankDex platform will be able to do that free of charge for the first 6 months and enjoy another 50% discount for another 6 months. For cryptocurrency traders what else can beat this?

BankDex understands that traders always yearn for a secure ecosystem where they can go about with their trading activities without having to worry much on the safety of their assets. Hence, the BankDex team is insuring its esteemed traders till 2021. This makes BankDex the first digital assets exchange platform to insure traders.

BankDex also has a special concern for new traders (that is traders with no experience in digital assets buying and selling). BankDex will run a training program specifically for beginers to help them in mitigating risks, increase their confidence and help them understand how to navigate the Crypto terrain .

My candid advice to everyone reading this is to take position and be a part of the BankDex revolution because it will really spark of a change in how transactions are executed within the Crypto space.