DEX tokens/coins - The new gold rush?

bittraffic

hero member

Activity: 2870

Merit: 612

#SWGT PRE-SALE IS LIVE

Quote from: betty11 on May 12, 2020, 05:28:35 AM

Most Dex coin are useless and even the Dex itself is dying for lack of trade volume. No major HYIP about Dex anymore.

Useful actually. The hype hasn't started yet, there's Defi to be expected. The liquidity will grow, its just that there are only few percentages of the crypto users in the entire world. Get it 10% of the population using crypto and its enough for anyone to join the DEX.

I'm afraid sooner we will all be hiding from the KYC we have submitted somewhere and it will be biting our asses if we keep doing it. Its yet not late to hide even if you have already submitted some documents before.

betty11

copper member

Activity: 448

Merit: 3

Most Dex coin are useless and even the Dex itself is dying for lack of trade volume. No major HYIP about Dex anymore.

timmmers

sr. member

Activity: 1176

Merit: 265

As you said, these coins experience huge pump because all investors are interested in passive income, but lately they found out that it is not as profitable as they thought, so they dumped it. Personally I hold some exchange tokens and it wasn´t a good choice, there are more profitable coins for staking - Tezos, ICON, Cardano. Wink

Youghoor

sr. member

Activity: 1036

Merit: 275

Then i think you should consider looking at this tokens SWITCH. is one of the dex tokens which is really doing great on the market. It's user interface is a great one and also allows traders to trade easily. Transaction fees are also very small as compared to other dexs

bittraffic

hero member

Activity: 2870

Merit: 612

#SWGT PRE-SALE IS LIVE

Quote from: ?? on ??

The listed coins for the most part grew in price in connection with the topic of speculation that was created specifically for these events.
For example, to participate in IEO on large exchanges, you need to buy these coins and keep them for a long time. People simply have no other choice if they want to participate in this event.
If the IEO stops, then there will be no reason to keep these coins.

It must be true that IEO will also disappear just like how ICO did.

Maybe for some of the exchange token but there are tokens that will be needed for long term particularly for the ones that we still stake. I have been here long enough to follow these tokens. There is a reason to hold them for staking, some of these exchange coins are useful for the trading of course.

LbtalkL

full member

Activity: 1176

Merit: 162

DEX is really good as you say it is trustless and decentralized. But I don't think it will be the next BIG THING, you know why? Compared to DEX, CEX (Centralized exchange) has more volume and liquidity. Traders want fast trading execution and DEX is stagnant. Now we have leverage margin trading on CEX more traders are attracted to it. In the majority, most traders want fast results or profits. But DEX still has a potential to surpassed CEX we will see that in the future.

Desscount

full member

Activity: 1386

Merit: 101

ComboLabs

Quote from: ?? on ??

The listed coins for the most part grew in price in connection with the topic of speculation that was created specifically for these events.
For example, to participate in IEO on large exchanges, you need to buy these coins and keep them for a long time. People simply have no other choice if they want to participate in this event.
If the IEO stops, then there will be no reason to keep these coins.

IEOs that are launched in large exchanges do not have to wait a long time to register in that market, after IEO ends you can sell them, like that is the positive side of IEO in large exchanges.

Lexurdania

member

Activity: 840

Merit: 10

Quote from: totoy4741 on May 02, 2020, 07:10:34 AM

Quote from: Bttzed03 on April 21, 2020, 11:03:32 AM

The success of the coins/tokens depends on the success of the exchange and that applies to both CEX and DEX.

From the examples you gave, BNB was the most successful, KCS is doing okay, while COSS was sold most likely due to poor performance. DEX coins/tokens like Block will probably take a few more years before it can finally take off.

It's really tough for any DEX to gain more liquidity. I think even most of the early Bitcoin advocates don't use them. If only these so called "whales" starts using them, that will help change the future of DEXs.

I Think so too, I notice that the more successful the exchange is the more their native tokens get successful too, to the credits literally go to exchanges itself not on the native token it has produced. I have seen start up exchange releasing their native tokens sameb time but it never panned not like everyone is expecting because of Native Tokens native of success.

Native tokens are dependent on the success of the exchanger because the exchanger usually uses the token so that investors can use the exchanger facility, such as a transaction fee discount or maybe to buy an IEO token. This makes the native token request increase if the transaction at the exchanger continues to grow

totoy4741

member

Activity: 882

Merit: 13

Quote from: Bttzed03 on April 21, 2020, 11:03:32 AM

The success of the coins/tokens depends on the success of the exchange and that applies to both CEX and DEX.

From the examples you gave, BNB was the most successful, KCS is doing okay, while COSS was sold most likely due to poor performance. DEX coins/tokens like Block will probably take a few more years before it can finally take off.

It's really tough for any DEX to gain more liquidity. I think even most of the early Bitcoin advocates don't use them. If only these so called "whales" starts using them, that will help change the future of DEXs.

I Think so too, I notice that the more successful the exchange is the more their native tokens get successful too, to the credits literally go to exchanges itself not on the native token it has produced. I have seen start up exchange releasing their native tokens sameb time but it never panned not like everyone is expecting because of Native Tokens native of success.

pakhitheboss

hero member

Activity: 2156

Merit: 803

Top Crypto Casino

Do you think DEX can compete with CEX. I do not think so.

How many DEX do you think have been able to deliver what they promised I do not find any single DEX that has been able to do so and are they more popular than CEX?

If they come up with their own then I am sure they will tank on day one of listing and with less volume these coins will perish.

Exchange coins depend on the performance of exchange and their marketcap completely depends on the number of volumes generated by the exchanges.

I doubt it will ever happen.

Marckolind

jr. member

Activity: 352

Merit: 3

Quote from: bgaf on April 22, 2020, 04:37:38 AM

Binance is one of the true exchange leader. I think dex can be good with that depends on their style and marketing. Dex has a power of uncontrollable mechanism and structure if someone can utilize that at its best then maybe they can compete with other exchange coins. See the IDEX token one of the ebst dex coin ever launched. They are fairly compete with their rival even on centralized exchanges. There are too many dexes that are good such as bancor network and kybet network that have potential to increase more in the future.

Binance isn't running a real DEX. Their "DEX" is centralized. All the nodes verifying transactions on their "DEX" is owned and ran by Binance themselves, which means it's NOT decentralized.

IDEX wasn't decentralized either, otherwise they wouldn't be opted to ask for KYC in the end. A real DEX is not owned by any single indiviual, as it becomes centralized like that.

fudster

sr. member

Activity: 1190

Merit: 255

A token within the network makes it a good investment to keep and has the chance to grow within it depending on the platform.
It's almost like BTC paired to all coins. When BTC is pumped all other coins are pumped. The tokens within the TRON network are going to be big when TRX goes up. When ETH reached up to $1400, the ERC tokens are also worth investing in.

All these networks have their own DEX. TRON DEX, EOSDEX, IDEX and etc, all they just need is BTC to go all the way up.

bgaf

sr. member

Activity: 644

Merit: 257

Worldwide Payments Accepted in Seconds!

Binance is one of the true exchange leader. I think dex can be good with that depends on their style and marketing. Dex has a power of uncontrollable mechanism and structure if someone can utilize that at its best then maybe they can compete with other exchange coins. See the IDEX token one of the ebst dex coin ever launched. They are fairly compete with their rival even on centralized exchanges. There are too many dexes that are good such as bancor network and kybet network that have potential to increase more in the future.

joseyphil82

member

Activity: 742

Merit: 16

Before investing on an exchange token I suggest you relax and do diggings because they are more dangerous than ICO or IEO projects, make sure the exchange has what it takes an the team are pros

Exitus1

newbie

Activity: 1

Merit: 0

The Decred Project is putting together a DEX that works using Atomic Swaps. It also doesn't have utility tokens or trading fees. Substanial progress has already been made, it should be ready sometime this year.

https://twitter.com/chappjc/status/1245075450625511425

https://imgur.com/a/NVMl5QR

btcholder

full member

Activity: 686

Merit: 102

There is no thing that some particular coin will be success because of those are exchange child coin. Yes now days we see lot of CEX child coin doing great but it's not easy to think like that. They are reach this position because their exchange made them to useful for people. If we talk about BNB then look in how much way you can use it. See this article you will understand.

Now some DEX launch their child coin and they didn't make that coin useful then it'll be just a trash. It doesn't matter coin came form DEX, CEX or Other projects, it'll success if their developer make that coin usable for people.

Febo

legendary

Activity: 2730

Merit: 1288

Quote from: Wh00re on April 21, 2020, 09:15:09 AM

There are tons of DEX's out there, most is trash and not even fully decentralized which is a pity. The first real DEX which launched in early 2018 was Blocknet's DEX which is 100% trustless. Peer 2 Peer trading seems like the obvious next step to avoid exchange hacks etc.

First Decentralised exchange was BisQ. But At start was named BitSquare. It was launched in 2014 so 6 years ago. I am pretty sure then all other decentralised exchanges were not even started planing to happen.

jacafbiz

hero member

Activity: 2072

Merit: 529

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

I am still somehow baffled by the way some people still hype DEX, from what I have learnt form the space, there is no way they can compete with CEX, so why do I need to bet on losers. This is no new gold rush, do you remember the hyper are Kyber Network and 0x what have they delivered and again I do not think people buy into this DEX thing at all

bittraffic

hero member

Activity: 2870

Merit: 612

#SWGT PRE-SALE IS LIVE

Dex wouldn't stand a chance when users just want convenience But surely there is a percentage of the population who will be loyal enough to stick with DEX. I have not found so far an exchange for ERC tokens that are full of supporters actually, I don't know why but there are only a few volumes on them. Fork and Etherdelta tokens aren't bought there.

anonimogmr

jr. member

Activity: 75

Merit: 2

I have to disagree, it will probably take a long time until they can rivalize with CEX. Centralized exchanges play a huge part in crypto space and it seems that they won't go away soon. They will probably co-exist in the future, but for now CEX provide the convenience users want while DEX are still very complicated to use and the liquidity is pretty much non-existent.

Topic: DEX tokens/coins - The new gold rush? (Read 336 times)