The project seems promising.
However, it is unclear what exactly is your decentralized exchange is different from the rest?
In any case, I wish good luck to the creators and developers
Hi we11man!
Many exchanges (including decentralized exchanges) relies on other parties (exchanges / users) or API's to operate its network to assist with key functions such as order book matching, finding trading pairs, collateralization. As a result, this impacts speed, introduces security risks, requires another counterparty, and results in a chicken before the egg problem before the network becomes valuable.
(A company can claim their platform is decentralized which may be true... but if you require API, plugins, nodes, or other third-parties to execute a function on your platform, you've introduced centralization into your decentralized process.)
At Coinvest, we don't have the chicken before the egg problem as we are decentralized in our technology AND the dependency of others to operate. As mentioned previously, Coinvest is a trading platform that empowers investors to make virtual investment transactions (like derivatives) and redeem profit from your trades through a process that is completely decentralized and handled by smart contracts. We aim to be a one-stop solution that enables anyone to easily invest in hundreds of different cryptonized assets and spend cryptocurrencies using only one wallet and one coin.
Here are a few other differences from exchanges:
- Decentralization (our smart contracts control the network - See our article published today about Coinbase halting trades here: https://goo.gl/54YNWX)
- Flexible investment trading options (limit orders, shorting, etc.)
- Convenience (Users no longer have to worry about dealing with multiple protocols, transferring assets, managing multiple wallets and private keys)
- Coin support (Many exchanges only supports a small number of coins): At Coinvest, we plan to support 50-150 in 2018 alone. We can do this and onboard coins very easy as we are virtualizing trades.
- Simplicity (Through Coinvest, you never have to worry about more than one wallet or one coin)
- Debit Card Account Support: Instead of having to convert your coins back to fiat on current exchanges, you can spend directly from your Coinvest account through our Debit card.
- Future expansion to include virtual trading options such as ETF's, Alt Coin Futures, etc.
Here's an image that helps explain our advantages: