Hello everyone... On this occasion I will introduce an exchange project that has several advantages called ByteDex. Next is the review of ByteDex where this prospective project is explained objectively, then what benefits do they provide to all of them? Let's go straight to the discussion below.
What is ByteDEX
ByteDex ist eine hybride dezentrale Kryptobörse, die auf einer Dual-Chain-Blockchain handelt. Alle Informationen und Krypto-Assets werden durch Smart Contracts in die Blockchain eingebunden und in ByteDex im gesamten Netzwerk verteilt. Daher kann niemand anders als der Kontoinhaber auf diese Informationen und Krypto-Assets zugreifen. Es kann nicht blockiert werden. Krypto-Assets können nicht gestohlen oder gehackt werden. Niemand, einschließlich des ByteDex-Teams, kann auf der Blockchain getätigte Transaktionen eingreifen, stoppen oder begrenzen.
Why ByteDex Exchange?
ByteDex believes that problems of current centralized and decentralized exchanges can be addressed by combining aspects of both models with the resulting hybrid exchange model, or CDEX. Users will hold their own private keys for every trade, and every trade will take place on the blockchain. Any slippage or gas charges are either included in the clearly stated charges or are covered by ByteDex, not the user.
The ByteDex team processes fiat payments and monitors liquidity to ensure no user is locked out of their financial assets, and enables people who do not own cryptocurrency to participate in DeFi projects without going through an intermediary central central exchange walk. The platform will serve as a cross-blockchain hub and initially connect Uniswap, Pancakeswap and Justswap to centralized exchanges.
ByteDex tokens will be the exchange's native tokens available on the Ethereum network, Binance's Smart Chain and the Tron blockchain. These tokens can be used for shares in company sales, referral benefits, trading fee discounts, and can be traded equally against cryptocurrency or fiat.
ByteDex Exchange functions
ByteDex liquidity solution: ByteDex can offer all the conveniences that central exchanges for liquidity offer on a Dex platform. For a crypto-asset pair that is not sufficiently available in ByteDex via the Smart Order Route, it is obtained from the trading pairs of other exchanges and presented to the user in the most appropriate way. All of these processes take place in the background in a matter of seconds.
ByteDex Dapps: You can create a game that works as real use on the ByteDex blockchain, produce your own tokens that will be used in this game on the ByteDex exchange, and finally the crypto token for this game on the ByteDex List stock exchange.
ByteDex Token Launcher: Various tokens can be generated on the ByteDex blockchain via the ByteDex Exchange. such generated tokens can be listed separately on the main screen of the exchange. In this listing, every generated token is paired with BYTEDEX and opened for trading if it meets the relevant conditions. The tokens that are successful in this list are given the right to be published in the ByteDex main list.
ByteDex Coin: ByteDexCoin is the main transaction and payment unit of the ByteDex ecosystem. BYTEDEX Coin is produced by stock exchange mining on the ByteDex blockchain. All payments within the exchange are made with BYTEDEX and are used for commissions, stake awards and all other transactions.
ByteDex ecosystem
The OTC platform
ByteDex offers a kind of escrow service as well as the recording of the entire transaction on the blockchain. In OTC transactions, money is sent first and then a crypto asset swap takes place. In this context, ByteDex checks whether the money has been deposited in the desired amount and records this. The owner of crypto assets sends the buyer the requested amount of crypto assets. This process is recorded in the blockchain. When the transaction takes place, ByteDex transfers the deposited crypto asset fee to the seller. In this way, the transaction is carried out securely and at the same time the validity of the transaction made with the transaction log on the blockchain is proven by both parties.
ByteDex Brokers
ByteDex Brokers enables people who specialize in crypto asset trading to provide brokerage services to people who do not have sufficient experience in the crypto asset market. This way, users with the experience and knowledge of the good can better benefit from the crypto asset market brokers. Users can choose between the brokers recorded on ByteDex through mutual negotiation method, or traders who already offer brokerage services can start serving their customers directly on ByteDex. Under no circumstances can brokers transfer funds to other accounts. The win rates achieved by the brokers are automatically sent to the exchange wallets at the rate they agree with the user when completing each transaction.
Byte Wallet (ByteW)
Byte Wallet is a type of DEX wallet that has been adopted from the decentralized wallet concept of the Stellar ecosystem. ByteW does not contain any crypto assets, but it does display your information and crypto assets embedded in the ByteDex blockchain and allows you to conduct transactions on the blockchain via ByteW in an integrated way with the ByteDex exchange. It is not possible to hack or steal crypto assets because they do not contain any crypto assets in the wallet.
Payments and Fiat Money
ByteDex Exchange has 3 different payment points, and you can transfer fiat money to your wallets from all credit and debit cards. Visa and Maestro enabled cards are distributed to ByteDex users and you can withdraw your cash at the ByteDex exchange and use it in Turkey.
What is the BYTEDEX token?
BYTEDEX Coin is the main transaction and payment unit of the ByteDex ecosystem. BYTEDEX Token is the official trading unit of the Bytedex Exchange. BYTEDEX Token was produced in collaboration with Tron Network.
Use of BYTEDEX Coin
All payments within the exchange are made with BYTEDEX and are used for commissions, stake awards and all other transactions.
BYTEDEX will create a trading pair with all major crypto assets that BYTEDEX tokens hold. You get great rewards and discounts at ByteDex Exchange.
The staking of BYTEDEX tokens gives stakers the opportunity to receive part of the net profit as a reward in BYTEDEX tokens.
In total, up to 50% of net sales are distributed to stakers based on the staking amount and period.
Tokonomics
To get information about
ByteDex Here:
Website: https://bytedex.io
Facebook: https://www.facebook.com/ByteDecentralizedExchange/
Twitter: https://twitter.com/ByteExchange
Telegram: https://t.me/ByteDexGlobal
Medium: https://bytedex.medium.com/
Linkedin: https://www.linkedin.com/company/bytedex/
Youtube: https://youtube.com/channel/UCw8wl0SXHhLI0xn0JPWFMtw
Reddit: https://www.reddit.com/user/ByteDex
Whitepaper: https://bytedex.io/wp-content/uploads/2021/06/bytedex_EN-2.pdf
Announcement Thread: https://bitcointalk.org/index.php?topic=5344340.msg57251872#msg57251872
#ByteDex #Blockchain Based #Hybrid
#Cryptocurrency #Exchange #DeFi #Dex #wallet #Community #Governance
Author
Forum Username: bibie16
Forum profile link: https://bitcointalk.org/index.php?action=profile;u=1816840
TRC20 Address: TAKtdHvn7fLKHdLk3rQMNb6hQXFK6tNC9V
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