When will the WKA decentralized exchange be listed
we all know that one of the biggest characteristics of digital currency is decentralization. However, 90% of the exchanges in the market are under centralized management. Users need to transfer funds to the large account of the exchange, verify their identity information, and do not link currency transactions. Moreover, all information needs to be stored in the offline database of the exchange, All these seem to violate the decentralized spirit and centralized mode of blockchain, which makes users in a weak position, passively accept the "management" of the exchange, and also bear the risk of privacy leakage, hacker attack, exchange bankruptcy or running away
therefore, the emergence of decentralized exchanges has become an inevitable trend. Decentralized exchanges are also called DEX
currently, whaleex, newdex and gatechain DEX are the most representative decentralized transactions. In fact, it is a mode of wallet and wallet trading. Compared with the centralized exchange, it has obvious advantages. For example, all operations are carried out on the chain. It is publicly accessible and does not need to be registered. Anonymous trading and privacy are guaranteed. Users' assets are stored in a distributed way. They have 100% of the management rights of assets and have high security
however, although decentralized exchanges have obvious advantages, they are still not widely available in the market. Decentralized exchange is not a very mature mode, and there are still some problems, such as slow trading speed, poor liquidity, key loss, forgotten password and unable to retrieve account assets. Therefore, it needs to be further improved. However, it is undeniable that decentralized trading must be the mainstream mode of exchanges in the future.
In July 2017, Zhao CHANGPENG founded coin an. It took him six months to build it into the top three in global digital asset trading, with 6 million registered users. More than 30% of us digital currency players are users of coin an, which is now the largest virtual currency trading in the world
extended information:
value and repurchase mechanism:
1. Preferential dection of transaction fees of coin security platform
for users who participate in transactions on coin security platform, no matter what token they trade, if they hold enough BNB, the system will discount the transaction fees, According to the market value at that time, the equivalent amount of BNB is converted, and BNB is used to complete the payment of handling charges. Discount rate 50% 25% 12.5% 6.75% no discount
2. Buy back mechanism:
after the launch of the coin security platform, we will buy back 20% of the net profit of the current quarter of the coin security platform for BNB every quarter. The bought back BNB will be destroyed directly, and the buyback record will be published at the first time. Users can query through the blockchain browser to ensure transparency until the total number of BNB is 100 million
3. Decentralized trading "fuel"
in the future, BNB will also be the fuel of coin an's decentralized trading platform on the chain. BNB is needed when using coin an decentralized trading platform. It includes various functions such as dection of service charge and reward
No
all transactions of European Union are virtual currency transactions
in a decentralized exchange, users' assets are directly held in their wallets, which greatly reces the risk of loss of users' assets caused by theft or running away from the exchange. Matchmaking transactions completed through smart contracts and settlement and clearing completed on the chain not only enhance transparency, but also greatly rece dependence on central media
decentralized exchanges include all the decentralized value and asset exchange methods. Due to the lack of trust, in many existing trading scenarios, various forms of centralized exchanges are needed to provide trust guarantee, and blockchain technology will rece the cost of trust by building shapeless decentralized exchanges, Graally reshape the old value exchange system
extended materials:
precautions:
1. The real holder of digital assets is the user himself. He has absolute ownership and control over his own digital assets. He will not lose his own assets e to the theft of the exchange, which ensures the security of digital assets
2. Through open source smart contracts, asset custody, matchmaking and asset clearing are all put on the blockchain
3. Using smart contract to realize the trading mechanism of decentralization and distrust solves the internal operational risk, business moral risk, asset embezzlement and other risks that seriously affect the user's asset security caused by human factors in the centralized exchange
4. Because the user's account key is controlled in their own hands, the hacker attack is technically changed from centralized attack to decentralized attack on personal accounts, resulting in the decline of profit margin and the improvement of relative security
reference source: official website of decentralised exchange - decentralised exchange
reference source: official website of eunex - eunex
