What is a DEX, win.win by New Capital!
Decentralized Exchange
The most obvious benefit of a DEX is the same as with any decentralized application, which revolves around the philosophy of cutting out the middlemen and returning interactions to peer-to-peer, permission-less models without central authorities. More specifically, decentralization creates censorship-resistance, which in the case of decentralized exchanges means that no central authority could forcefully impose regulations, or even ban currencies and/or the exchange itself. This is especially important considering that many countries are clamping down on cryptocurrency trading. For example, the two most populous countries on earth, China, and India, have banned cryptocurrency exchanges, while countries including Mexico, Russia, Saudi Arabia, and Brazil have restricted cryptocurrencies.
Without Decentralized Exchanges, the peoples’ ability to invest in crypto is subject to governments, so cryptocurrency becomes hardly more democratic than traditional asset markets. Governments can exert control over centralized exchanges, and users are subject to authorities who may at any moment track and tax users, or ban currencies.
A decentralized exchange is built on the blockchain and allows for the peer-to-peer trading of tokens native to that blockchain. How this works is that the users simply connect their cryptocurrency wallets to the decentralized exchange to begin interacting with the smart contract on it. This process automatically matches, verifies and executes trades without the need of a third-party. Traditionally, DEXs have been built on the ethereum blockchain (Kyber, 0x Protocol, Airswap), however, this has recently extended to other blockchains such as EOS or NEO.
win.win DEX
TWINS cryptocurrency, facilitated by New Capital will introduce a truly decentralized exchange platform and proof-of-stake blockchain network in near future, with cross-chain atomic-swaps capabilities to facilitate the direct transacting of value between network users. The exchange will be carrying the brand name of win.win and the TWINS cryptocurrency is planned to back the exchange platform for buy and sell order listings and to reward the community-supported and decentralized hosting of network nodes.
Essentially, win.win by New Capital will be an exchange market that does not rely on a third party service to hold the customer’s funds. Instead, trades occur directly between users (peer to peer) through an automated process. This system can be achieved by creating proxy tokens (crypto assets that represent a certain fiat or cryptocurrency) or assets (that can represent shares in a company for example) or through a decentralized multi-signature escrow system, among other solutions that are currently being developed.
Win.win DEX will act as a liquidity provider for investors to directly tap into the network pools when managing their portfolios. The ability to swap assets with one click is an incredibly convenient function for fund managers to instantly trade or hedge their investments.
This revolutionary technology will no doubt play a key role in the adoption of cryptocurrencies. TWINS could be an answer to one of the most relevant problems at the moment, which is the infancy of decentralized technology and atomic swap is very much in their in its initial stages — DEXs are used by a niche audience and the technology behind them is still relatively nascent.
The most obvious benefit of win.win protocol over a usual centralized one is their “trustless” nature. You are not required to trust the security or honesty of the exchange since the funds are held by you in your personal TWINS wallet and not by a third party. Another advantage to their decentralized model is the privacy it provides. Users are not required to disclose their personal details to anyone, except if the exchange method involves bank transfers, in which case your identity is revealed only to the person that is selling or buying from you.
Furthermore, the hosting of win.win decentralized network is distributed through nodes meaning that there is no risk of server downtime or delayed payments. Seed nodes are hosted and controlled by the win.win foundation team. Wallet apps and public master node setup guides will be published during the weeks of the TWINS mainnet soft-launch period. 80% of the block rewards are distributed to TWINS Masternodes, 10% of the block rewards are distributed to TWINS Stakers, and 10% of the block rewards are distributed to the TWINS Developer Fund. 100% of TWINS mined from the seed nodes are distributed as community bounties and used as a liquidity pool.
Community participation is the critical requirement of the network growth in terms of the number of active masternodes and the accelerating transaction activity of TWINS coin on the network and crypto-exchanges. 100% of foundation reward TWINS are distributed as community bounties for network growth incentivisation, community invites and management, business development and marketing and PR. Source —
https://win.win/Important Links —
TWINS Website:
https://win.win/Github:
https://github.com/NewCapitalDiscord:
https://discord.gg/SAMDbxVBitsane Exchange link —
https://bit.ly/2UeDKDdp2pb2b Exchange link-
https://bit.ly/2SxYPqR1
Blockchain
