From what i understand is that this project has physical low power usage yet fully capable hardware selected for Java and minting process. That's really a smart idea to earn with such low power requirements. Every device will be your own DEX? What qualifies you for that form of consensus? Interested to know more details about this. Tnx.
Correct, both on the low power consumption aspect, as well as the 'DEX', though, we are not calling it a DEX, as we do not want to be lumped into the same category as the other so-called 'DEX' that are not really decentralized.
Our platform, instead of being centralized and pretending it isn't... actually isn't.
The sync'd chain will give you access to the trade portal built into both the backend and UI of the QORT blockchain platform. With it, you can make automated cross-chain trades. Initially the only supported coin will be BTC, which is natively supported in the platform. With that native support, one can place a trade (stored on the blockchain in a similar fashion to how the asset trades are within the asset exchange on QORA) and execute the trade with another party, COMPLETELY P2P and CROSS-CHAIN.
Therefore, there is no central website you must access in order to make this trade system possible, and not a single entity that will ever have any control over the coins taking place in the trades.
The trade portal still has a bit in the way of development to be completed, so it will be implemented in a future release, shortly after the launch of the main network, minting, etc. We need the network to be strong prior to the launch of the portal, and there are still some remaining development aspects in the UI that need to be addressed, so this launch will take place a short while after the core network launch.
However, the core functionality, bitcoin core, and cross-chain trade capability is already there in the core of the existing platform, which will be launching at the end of the month.
The trade portal, will be 'supported' by what are called 'liquidity providers'. Those liquidity providers initially, will be those that put up 'buy support' on the BTC/QORT aspect of the portal. (Essentially, those who put up BTC to support those who wish to sell their QORT tokens as opposed to utilizing them in the system for one of the various services they can activate.
Liquidity providers will be rewarded by the 'fees' associated with the trades taking place in the portal. The 'fees' are a slight modification of the order placed, in order to provide the fee that will keep people interested in becoming liquidity providers, and thus making the portal a usable trading system.
Those same fees will then be distributed directly to the liquidity providers, thus giving them a reward for their efforts and financial aspects going into being said liquidity provider.
Since we all know, liquidity is something that makes or breaks a trading system. It is immediately important. Therefore at the launch of the trade portal, so too will the launch of the liquidity provider account type. Which will also be assigned a level, and will get rewarded by the fees in accordance with that level.
We are probably also likely to include the liquidity providers in a portion of the overall block rewards too, at least at first, so that they have even more incentive, even when the portal is still gaining traction, and users.
Let me know if you have any other questions and I will gladly answer them for you. Bare in mind that the entirety of every aspect of this massive project, may or may not be fully decided yet, and may or may not be in its final stages before being finalized in the codebase. So essentially *much of what I say is subject to slight modification prior to final version being solidified in the word of the code.*