It is interresting. Why you decide to make a new DEX. It's a big deal.
What it is new with your ?
Hello,
Our goal with Secure Swap is to bring DEXs out of the shadows. We want to provide a real service to traders. A comparison of the trading volumes of CEX and DEX shows that DEX continues to play a very minor role in the world of cryptocurrency.
As traders ourselves, we have studied the causes of this situation, and have designed Secure Swap to remedy it, and to ensure that Secure Swap is the first DEX capable of competing with CEX. We want to break the monopoly they represent in the world of crypto-currencies.
Since it was not a question of replacing one monopoly with another, we also decided to develop it in a community and open-source approach. In addition, we will also share the Secure Swap liquidity with the other DEXs, via the Altcoin-IO API, which is also a very good DEX but suffers from a lack of liquidity.
And to mark this anti-monopoly desire, we designed Secure Swap to work via the support of its community, which will operate the nodes, just like us, at the same level.
No one has the privilege of decision-making power. From this point of view Secure Swap is really a DAO.
What is new about our DEX is that it offers several features that are not found on other DEXs.
To list the most important ones:
- High liquidity obtained:
o by exploiting the liquidity of CEXs, through our arbitrage system
o by sharing the available liquidity with Altcoin IO and all DEXs that will implement this API.
- Speed of execution, linked to the available liquidity but also to the architecture of the Secure Swap network
- Low cost, mainly by choice, but also because, unlike other DEXs that operate entirely on the basis of smart contracts, Secure Swap only uses them in the event of anomalies. This allows us to have no fees for:
o Creating an order in the order book
o Modifying an order
o Cancelling an order
- These DEX that process exchanges via smart-contracts generate network costs that do not exist on Secure Swap.
- Access to margin-trading, an almost unique feature for a DEX (we say almost unique because we have found a DEX that also offers it).
- Automatic trading system. In other words: trading robot integrated into the client application, with an integrated strategy editor as well. We are not beginners in this field, we have already made trading robots operating on futures contracts and Forex.
The following points distinguish us from most DEXs:
- All the fees paid by traders during the exchanges are redistributed to all those who will operate nodes in the network, in compensation for the service provided. Secure Swap bases its business model on this concept, and will operate nodes like any member of the NodeOwner (person or entity operating nodes in the Secure Swap network) community.
- As a result of this architecture, the addition of an exchangeable cryptocurrency within the Secure Swap network can be done by any NodeOwner, without having to pay 100 or 200k$ USD as is commonly the case with other exchanges.
o If it is an ERC-20 token, just add the information (contract address, ticket, decimal.) and the information spreads to the other nodes.
o If it is a new blockchain, their creators must specialize a generic (we provide it) gateway node (add a connector dedicated to this blockchain) to adapt it to their specific case, and the crypto-currency then becomes available within the Secure Swap network.
- Adding a token or cryptocurrency to Secure Swap makes it exchangeable against all existing cryptocurrencies in the network, no need to define exchangeable pairs.
o Through this operating principle, Secure Swap breaks the dictates of the CEX, imposing their control over what is exchangeable or not. Secure Swap is much more flexible than existing DEX because it does not require any authority to validate or not the ability to trade a cryptocurrency. Not even us who create this system.
It seems to me that this is a lot of interesting points that justify the existence of Secure Swap. This is a short summary, I hope it has excited your curiosity. I invite you to consult the WP for a complete overview.
Alain Saffray.