Topic: DEX tokens/coins - The new gold rush? - page 2. (Read 372 times)
Decentralization means a lot in this space but often times the team behind decentralized projects tends to be lagging behind, a good example is in exchanges where centralized exchanges keeps leading as well as their tokens. In my own understanding, for DEX token to be valuable or even be at good competitive price with centralized exchange's tokens then the team behind each DEX needs to wake up and start upgrading. DEX offers more safety but battles with low volume, UI etc, but if they can bring a change to volume first, it will be a game changer in the sphere of exchanges hence good token growth.
Although there are many different types of coins listed in the market. But DeX tokens coins growing up in the short time & l think it has gain more popularity in future & give us good earnings.
The most positive expect of a DEX token is they have a fixed set of rule that never changes. The profitability of them is determined by a formula and unlike centralized exchange token, they can't change how the coin works. So, user can predict their profitability keeping just the volume of trade in mind for long term.
Well there were many centralized exchanges with their tokens 2 to e years ago which have already lost almost all their value just check cob and cos now. DEXs do not really attract me to be honest, i think that next boom could be for instant swapping exchanges and platforms they can be centralized or decentralized.
Probably yes, because cryptos are here for true decentralization so tokens from complete decentralized exchange will find a spacial place if more people move towards decentralized trading platforms but now it is still far away from singht ince Binance leading the trading platform no trader is willing to choose a decentralized exchange.
That’s right, I have seen a lot of people that talked about DEX, and I’m looking forward to full decentralization on exchanges. There are some that we see it as decentralized, but they are not really decentralized. And another thing is that most people don’t show interest in decentralized exchanges.
Newbies when they join the community newly, they usually go for centralized exchanges like Coinbase. Binance is not really decentralized.And as for their tokens having a huge growth, I would say that these platforms' tokens got big, because they were already a well known platforms.
Newbies when they join the community newly, they usually go for centralized exchanges like Coinbase. Binance is not really decentralized.And as for their tokens having a huge growth, I would say that these platforms' tokens got big, because they were already a well known platforms.
Though DEX are behind Centralized exchange by volume at the moment, no one disagrees that trading of coins would be dominated by DEX in the future. Just just needs to improve enough to be both user friendly and secure. DEX takes a less fees but their general operation costs lesser that's why people are attracted towards it's currency.
DEX tokens will have their time to shine, it's probably not for now. Dex has a long way to go, I have some chance to play with DEX like Bitshares but even today, its price had not gone up really substantially to get noticed by investors but the long term supporters of it are pretty much proud of what they have gone thru.
To be part of the dex development means you are part of the close community. You being a BLOCKNET supporter means you are part of a certain group and someone part of the Newdex VIP stakers of NDX is part of their community also. Each of them has a certain central authority but claimed as DEX. COSS means you are with COSS family.
To be part of the dex development means you are part of the close community. You being a BLOCKNET supporter means you are part of a certain group and someone part of the Newdex VIP stakers of NDX is part of their community also. Each of them has a certain central authority but claimed as DEX. COSS means you are with COSS family.
We've seen BNB skyrocket in price. COSS and Kucoin did the same in 2017, which made me wonder if decentralized exchanges and it's native coins will be the next big thing?
There is SO much talk about decentralization these days, all over Bitcointalk, Youtube, and Reddit that it starts to feel like the next BIG THING.
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.
You can profit off of Block if you run a service node, which makes it possible to earn parts of the trading fees on the DEX itself, thankfully with the many years on the market, Blocknet works on other things as well. Their XRouter/XBridge/XCloud which is basically a decentralized oracle service, and a new Infura solution superior to Ethereums.
Komodo, Bisq, and a few others are on my radar as well. Bisq has a flaw with it's arbitraders infrastructure though, which means that a validator could act badly and fuck up the network screwing the traders in the end. It's a minor flaw, but still something to consider.
Thoughts?
There is SO much talk about decentralization these days, all over Bitcointalk, Youtube, and Reddit that it starts to feel like the next BIG THING.
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.
You can profit off of Block if you run a service node, which makes it possible to earn parts of the trading fees on the DEX itself, thankfully with the many years on the market, Blocknet works on other things as well. Their XRouter/XBridge/XCloud which is basically a decentralized oracle service, and a new Infura solution superior to Ethereums.
Komodo, Bisq, and a few others are on my radar as well. Bisq has a flaw with it's arbitraders infrastructure though, which means that a validator could act badly and fuck up the network screwing the traders in the end. It's a minor flaw, but still something to consider.
Thoughts?
To begin with, kucoin and binance are not decentralized exchanges, they are centralized.
Secondly, because kcs and bnb, as well as okb tokens did well in the market as exchange does not automatically mean other exchange tokens will do well.
I know about komodo, and i doubt it reaches the domination of forkdelta as decentralized exchanges.
which made me wonder if decentralized exchanges and it's native coins will be the next big thing?
I don't think so, gone are those days and it's not the same anymore. An example of it is the Idex token. They were known to be a decentralized exchange but later changed for some reason. Yet, look at the volume of their native token.(https://coinmarketcap.com/currencies/idex/)
If you want to find another gold mine like BNB then take a look at Kyber Network. It's a decent DEX in which Vitalik Buterin is an advisor. Its native token (KNC) is being traded on various exchanges. IDAX is also another worth looking one. However, I don't think that DEXs will become popular in the near future. Seriously lack of volume is a thing but technology are more of concerns. KNC or IDAX can handle a small number of transactions but it's doubtful for them to handle the same amount of Binance's. This requires excelent capabilities of their native blockchains. Remember that even Ethereum was jammed by a small game called CryptoKitties a few years ago.
It's not about been decentralized or centralized, the success of an exchange lies in the team capability, Binance is centralized exchange, same thing with Okex exchange too, if the exchanges token is not put to good use their won't be any demand
You forgot to mention one thing and it's all about the hype that already gained by the platform. a good tech without the hype and it will have no value at all. People are buying in the hype. There was no truly dex and what already said by those who claimed to be the true dex is a big BS. you forgot if binance has Binance DEX (centralized) lol
It's not about been decentralized or centralized, the success of an exchange lies in the team capability, Binance is centralized exchange, same thing with Okex exchange too, if the exchanges token is not put to good use their won't be any demand
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.
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.
To be honest, a coin that creates a great p2p exchange with decent fees and proves its success deserves to have its name taken through the top cryptocurrencies out there. We're in grave need of a high volume DEX in my opinion, and the only thing that needs to happen is people to realize that decentralized is the future.
I'm hopeful. For now, I have very few DEXs on my watchlist and I'm waiting for the first one to launch off as a p2p exchange. Once that happens, let them get to the top. Having a fully functional and heavily used decentralized exchange has been my dream for years now.
One reason they have a big chance to get to the top is that they bring something new & unique to the crypto sphere. Again - if it's a proven success, I guess it's commmon sense that its value increases.
I'm hopeful. For now, I have very few DEXs on my watchlist and I'm waiting for the first one to launch off as a p2p exchange. Once that happens, let them get to the top. Having a fully functional and heavily used decentralized exchange has been my dream for years now.
One reason they have a big chance to get to the top is that they bring something new & unique to the crypto sphere. Again - if it's a proven success, I guess it's commmon sense that its value increases.
We've seen BNB skyrocket in price. COSS and Kucoin did the same in 2017, which made me wonder if decentralized exchanges and it's native coins will be the next big thing?
There is SO much talk about decentralization these days, all over Bitcointalk, Youtube, and Reddit that it starts to feel like the next BIG THING.
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.
You can profit off of Block if you run a service node, which makes it possible to earn parts of the trading fees on the DEX itself, thankfully with the many years on the market, Blocknet works on other things as well. Their XRouter/XBridge/XCloud which is basically a decentralized oracle service, and a new Infura solution superior to Ethereums.
Komodo, Bisq, and a few others are on my radar as well. Bisq has a flaw with it's arbitraders infrastructure though, which means that a validator could act badly and fuck up the network screwing the traders in the end. It's a minor flaw, but still something to consider.
Thoughts?
There is SO much talk about decentralization these days, all over Bitcointalk, Youtube, and Reddit that it starts to feel like the next BIG THING.
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.
You can profit off of Block if you run a service node, which makes it possible to earn parts of the trading fees on the DEX itself, thankfully with the many years on the market, Blocknet works on other things as well. Their XRouter/XBridge/XCloud which is basically a decentralized oracle service, and a new Infura solution superior to Ethereums.
Komodo, Bisq, and a few others are on my radar as well. Bisq has a flaw with it's arbitraders infrastructure though, which means that a validator could act badly and fuck up the network screwing the traders in the end. It's a minor flaw, but still something to consider.
Thoughts?
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