Now there are a lot of decentralized exchanges in the market, how are you going to compete with them in what are the differences and advantages of your decentralized exchange? What commissions will be charged to traders when trading on the exchange?
Thank you for your question, we really appreciate questions like this where we can provide better depth of our project. Our advantage is that that we will have share profit with SLT holders are you familiar with BCO ( crypto bridge token) they offer long term staking and share profit with holders without inflation on their own token. For example, holders will get a little bit of all tokens which are traded on their exchange, not like Kucoin ( KCS) their holders get only KCS token as shared profit) but BCO do not accept ERC20 tokens.
So we can say that our project is combination of Kucoin in sense of marketing, promotional offers, all tokens ( the most interesting ones) will be accepted + BCO way of sharing profit with holders + mobile wallet (exchanger) where users will be able to cash out trading profits on debit card - at first, members will be able only SLT convert to FIAT on card after some time that wallet will upgraded to multicurrency wallet.
This is one of the way to drive trading volume to our token. Our project is divided in two parts. First one is decentralized exchange and second one is wallet exchanger. Second part of our project can not be decentralized because of Debit card.
We think that decentralized exchanges need more marketing, attractive designs and of of course functionality. At the moment you can find functionality everywhere but attractive designs like Kucoin or Binance NOT. Just imagine that Binance or Kucoin are decentralized and share profits with their holders in form that holders gets all tokens from exchange
+ new tokens are added on weekly or bi-weekly basses sounds brilliant doesn't it, I would trade on that exchange, wouldn't you ? + users can cash out profita on debit card
Well I do not see project like this, not alive nor in ICO phase. SO we do not have competition actually, because we do not compete with new technology, we only use what is already functional and making it more attractive to users and providing a better service than competitors. Of course if we stumble upon some tech problem we will fix it.
Hope we answered your question.