Decentralized Exchanges - page 4. | Bitcointalksearch.org

JanitorMan

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Quote from: passwordnow on May 06, 2019, 06:06:48 AM

I'm not a dev so I can't actually answer what's behind with those questions but this is my opinion. Since DEX is all about decentralization the fees that they cater from our withdrawals goes actually to support the DEX itself. I'm not also seeing those devs talk about it because they are building a platform that isn't centralized. Yes, you are right. If you are with the income, go with the centralized exchange just like Binance. Look on how much they've earned in 2018.
Binance Earned $446 Million in Profits in 2018, Analysis Shows

Actually, I was just wondering why people willing to build DEX when traditional exchange has more benefits for their own development or maybe like just everyone said in this thread, the community in crypto world is indeed already reached on a level that they want to control their own finance with anonymity and without intervention of third party, I guess. Anyways, thank you for your information, and yes i know about Binance, they are really great with the development on its exchange, it has many features such as launchpad, they even made Binance DEX, they always move forward really fast!

passwordnow

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Quote from: JanitorMan on May 06, 2019, 10:03:20 PM

Quote from: passwordnow on May 06, 2019, 06:06:48 AM

Quote from: JanitorMan on May 06, 2019, 03:11:15 AM

what is the advantage and benefit for developers of making DEX?

It will be part of their portfolio and if the DEX becomes successful, they will be credited for the work that they have dedicated for that project. And in return, they might receive more projects because of the success that has been seen to the creation of DEX.

Actually the answer is more of their personal benefit.

So in other words, there are no revenue model in DEX for developers? I haven't seen any benefits for developers in terms of income they can get by developing DEX. I think rather than building DEX, centralization exchange by far is the most suitable way to earn income from fees, isn't it?

I'm not a dev so I can't actually answer what's behind with those questions but this is my opinion. Since DEX is all about decentralization the fees that they cater from our withdrawals goes actually to support the DEX itself. I'm not also seeing those devs talk about it because they are building a platform that isn't centralized. Yes, you are right. If you are with the income, go with the centralized exchange just like Binance. Look on how much they've earned in 2018.
Binance Earned $446 Million in Profits in 2018, Analysis Shows

JanitorMan

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Quote from: passwordnow on May 06, 2019, 06:06:48 AM

Quote from: JanitorMan on May 06, 2019, 03:11:15 AM

what is the advantage and benefit for developers of making DEX?

It will be part of their portfolio and if the DEX becomes successful, they will be credited for the work that they have dedicated for that project. And in return, they might receive more projects because of the success that has been seen to the creation of DEX.

Actually the answer is more of their personal benefit.

So in other words, there are no revenue model in DEX for developers? I haven't seen any benefits for developers in terms of income they can get by developing DEX. I think rather than building DEX, centralization exchange by far is the most suitable way to earn income from fees, isn't it?

passwordnow

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Quote from: JanitorMan on May 06, 2019, 03:11:15 AM

what is the advantage and benefit for developers of making DEX?

It will be part of their portfolio and if the DEX becomes successful, they will be credited for the work that they have dedicated for that project. And in return, they might receive more projects because of the success that has been seen to the creation of DEX.

Actually the answer is more of their personal benefit.

JanitorMan

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what is the advantage and benefit for developers of making DEX?

Eugene10

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Thanks for the post!
Today there are lots of different dex services and it is quite a challenge to find a reliable one. There is one recent dex project that I find quite interesting - it is called https://ortodex.com
You can also check it out.

Bonwin

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Quote from: Distinctin on March 31, 2019, 05:38:00 PM

Quote from: Ini35 on March 30, 2019, 07:09:06 PM

The major driving force for centralized exchange is the volume. If that is removed, I believe interests will be shifted towards decentralized.
Well, it is still very early and what the future holds for decentralized exchanges, is in going to be surprising.

Volume is the people here, they are giving the volume in any exchange, and they can also do that with decentralized exchange.
They are more confident with centralized exchanges because they trust it over decentralized exchanges, that's the only thing, if decentralized exchange will improve and offer some good security then maybe we will see more people trading in the platform.

The issue with decentralized exchanges is not about trust on security, as q matter of fact, considering what is presently happening these days, it is more trustworthy than centralized exchange. There is not much much issue on the security of decentralized exchanges, like we have on centralized exchanges.

Distinctin

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Quote from: Ini35 on March 30, 2019, 07:09:06 PM

The major driving force for centralized exchange is the volume. If that is removed, I believe interests will be shifted towards decentralized.
Well, it is still very early and what the future holds for decentralized exchanges, is in going to be surprising.

Volume is the people here, they are giving the volume in any exchange, and they can also do that with decentralized exchange.
They are more confident with centralized exchanges because they trust it over decentralized exchanges, that's the only thing, if decentralized exchange will improve and offer some good security then maybe we will see more people trading in the platform.

Aniwura

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Quote from: jhonjhon on February 19, 2019, 09:28:21 AM

Very informative and give done insights for beginners. Some of them were new to me but it gives easier for us to check as it have links.
I'll be looking out of them the one that could have a satisfying transactions fees and mostly of them were just the same. And the next, will see the team configuration and to trace if they are legit or not.

While I was checking through the list, I discovered that some of the DEXes are beginning to have trades with volumes, which like we have on some centralized exchanges. I checked the trade between APOT and VNT on Allbit and I was amazed. Although, it seems there is a promotion going on, which I feel most exchanges (DEXes), should integrate trading competitions on their exchanges.

shoreno

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Quote from: Ini35 on March 30, 2019, 07:09:06 PM

The major driving force for centralized exchange is the volume. If that is removed, I believe interests will be shifted towards decentralized.
Well, it is still very early and what the future holds for decentralized exchanges, is in going to be surprising.

early ? when do you think crypto has started ? bitcoin came out first on the year 2009 and after this others also followed . exchanges are also built along the way and that includes centralized and decentralized exchanges but centalized are the ones that became popular or indemand on other words due to its huge volume ( like what you have stated above ) but aside from volumes , i think its the stability or the service of a centralized exchange is what makes them better compare to dex exchanges .

Ini35

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The major driving force for centralized exchange is the volume. If that is removed, I believe interests will be shifted towards decentralized.
Well, it is still very early and what the future holds for decentralized exchanges, is in going to be surprising.

futureofeth

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Quote from: joromz1226 on March 14, 2019, 03:00:40 PM

Very informative, and I am pretty sure this will definitely give a big tools for the beginners here in the forum.
actually, there are some decentralized platform which according to me is good just like IDEX, but I am very much favorable still on
centralized exchange, on which I think is much more confident for me to use it in my opinion.

Yes, Centralised exchange is very good but most of the banks are being controlled by them but the decentralised exchange is becoming more familiar because TPS speed kept increasing which makes most of the companies showing interest towards Decentralised because in decentralised they find it more comfortable compared to centralised.

Kasabus

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Quote from: heritage35 on March 18, 2019, 01:31:22 PM

IDEX has for quite some time now, been at the fore from of DEXes, which despite that, is yet to measure up with so many global big exchanges. If some of the shortcomings being experienced by decentralized exchanges can be overcome, it will enhance their adoption.

There must be an exchange that will lead them, they don't have a good reputation that is capable of attracting more traders.
Binance DEX is the answer, if this will be fully develop, we might see significant increase of traders and it will give good effect to other DEX like IDEX, etc.

heritage35

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IDEX has for quite some time now, been at the fore from of DEXes, which despite that, is yet to measure up with so many global big exchanges. If some of the shortcomings being experienced by decentralized exchanges can be overcome, it will enhance their adoption.

joromz1226

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Very informative, and I am pretty sure this will definitely give a big tools for the beginners here in the forum.
actually, there are some decentralized platform which according to me is good just like IDEX, but I am very much favorable still on
centralized exchange, on which I think is much more confident for me to use it in my opinion.

Greeenmtn

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Quote from: travwill on February 23, 2019, 01:18:56 PM

Quote from: kakawin on February 23, 2019, 12:36:10 PM

Decentralized exchanges do not have enough volume, but this is due to popularity. When decentralized exchanges become more popular, then the problem with small volumes will be solved by itself.

When everyone understands the advantages of decentralized cryptocurrency exchanges, and the exchanges themselves will have a more friendly and understandable interface, then the question of volume and liquidity will disappear by itself.

Hopefully we get there soon. 90% of the value of a DEX is that they are non-custodial. The other 10% varies by DEX, but users should figure it out soon!

shoreno

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Quote from: KiserHoff on February 27, 2019, 07:47:34 AM

Decentralized exchanges give anonymity, but unfortunately they have a small amount of coins and do not work so quickly. I use Coinchangex and EtherDelta from this list.

Quote

but unfortunately they have a small amount of coins

you mean coin listing ? that depends on the exchange that you are using , some exchange list only few or small time coins while others list big and many different kinds .

Quote

I use Coinchangex and EtherDelta from this list.

i do heard both of them but i dont try to use coinchangex , i only use etherdelta/forkdelta .

@op , thanks for listing all the dex exchange that you know but sadly i dont recognized most of them . i find it risky to try new and unrated exchange . i guess ill stick for the popular ones for now .

ash_hopper

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there is one more variant, instant non-custodial exchange services, like simpleswap or changenow. they are like dex exchanges, but more reliable and safe.

cheezcarls

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I'm so impressed with what you have contributed so far. I find it very informative, especially when it comes to the advantages and disadvantages of decentralized exchanges. It seems that trading volume decrease due to the domination of the bear market. However, the positive side is that Ethereum is starting to gain traction once again starting off with the Constantinople fork that happened earlier. Binance had recently launched their DEX because they saw how decentralised exchanges are going to change the pace in exchanging tokens rather than centralised exchanges.

P.S. I would suggest adding MetaMorph Pro DEX to your list. Cheesy

btcyoda

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Quote from: kakawin on February 23, 2019, 12:36:10 PM

Decentralized exchanges do not have enough volume, but this is due to popularity. When decentralized exchanges become more popular, then the problem with small volumes will be solved by itself.

See volumes are decreased due to because of ETH price, once the price of ETH was around 1000$ and the volumes of the DEX platform are very high and now the value of ETH is around 140$ which makes low volumes. I hope the Decentralised platform will more in the coming days because every country coins are launching their own blockchain platform as a smart contract platform.

Topic: Decentralized Exchanges - page 4. (Read 3366 times)