Topic: DEX : what features you want in it (Read 493 times)
Also for DEX a mandatory condition, in my opinion, should be the absence of KYC and AML! A decentralizacion is built on trust and responsibility for actions, and verification is, first of all, a violation of the postulates of the crypto community!
I do not think that it is totally marketing, he doesn't have to say it as long as he spends millions of dollars on marketing he could always get people to use his dex, I believe there is a bit of truth in it. This doesn't mean he is right, he could be very well wrong too and that means he is supporting something that will not be big, maybe dex will be forgotten and everything will go back to being cex in the end, but that doesn't mean we can argue what he believes in.
He could believe in whatever he wants that will be great in the future, maybe that is dex, maybe it is cex, maybe something we do not even have right now. CZ is not god in crypto world, he is a super rich dude but he is a CEO in the end and we shouldn't take what he says as the bible and believe him right away, he could be wrong as much as you and I can be.
That is more about marketing and this is one of the reasons why I do not believe dex are truly decentralized.He could believe in whatever he wants that will be great in the future, maybe that is dex, maybe it is cex, maybe something we do not even have right now. CZ is not god in crypto world, he is a super rich dude but he is a CEO in the end and we shouldn't take what he says as the bible and believe him right away, he could be wrong as much as you and I can be.
If you have a lot of coins or just a few coins, it doesn't matter because what you need is users and if you do not have users how do you get users? You do marketing and in order to do marketing what do you need? You need money and who needs to spend that money? The team that built it, which means the team that built it still works on the project.
Even if a single line of code is added or removed from DEX that means I am no longer interested and it is not decentralized enough for me. It has to be a project that is done and sent to world and after that we just need to make sure that nobody touches it but the public that could change it whenever they want but it has to be coming from users.
I do not think that it is totally marketing, he doesn't have to say it as long as he spends millions of dollars on marketing he could always get people to use his dex, I believe there is a bit of truth in it. This doesn't mean he is right, he could be very well wrong too and that means he is supporting something that will not be big, maybe dex will be forgotten and everything will go back to being cex in the end, but that doesn't mean we can argue what he believes in.
He could believe in whatever he wants that will be great in the future, maybe that is dex, maybe it is cex, maybe something we do not even have right now. CZ is not god in crypto world, he is a super rich dude but he is a CEO in the end and we shouldn't take what he says as the bible and believe him right away, he could be wrong as much as you and I can be.
Its not really part of my vocabulary on taking such steps just because some famous or known person do make out suggestions or recommendations towards his views on a certain thing.He could believe in whatever he wants that will be great in the future, maybe that is dex, maybe it is cex, maybe something we do not even have right now. CZ is not god in crypto world, he is a super rich dude but he is a CEO in the end and we shouldn't take what he says as the bible and believe him right away, he could be wrong as much as you and I can be.
There no indeed a God on crypto world that would able to know everything on what would be the possible movements yet i do always consider in shilling it out instead.
For marketing then yes, it do really plays a great role on one success but to know that there are several factors which are mainly needed to get some recognition.
In talks about DEX, on what features we do want? current Dex already had but still liquidity or volume still cant able to reach on what CEX achieved.
For an orderbook type of DEX, I'd like to see them have the option to deposit USDT of any platform like TRC and ERC. I think more of the traders are going to be shifting to DEX and transfering stablecoins going to the DEX are some of us that thought would be difficult. DEX that is base on EOS platform should have the crosschain bad bridges for all the stablecoin and so should the TRC DEX.
That's very unexpected for a DEX, it would just mean they are only storing geodata and unlikely a DEX.
Yesterday I found the news that my favorite project Komodo will going to implement geoblocking! For me it was a shock! The real DEX should not have any restrictions!
That's very unexpected for a DEX, it would just mean they are only storing geodata and unlikely a DEX.
Yesterday I found the news that my favorite project Komodo will going to implement geoblocking! For me it was a shock! The real DEX should not have any restrictions!
But, as I said at first, that’s because they are decentralized. By being decentralized they can only offer you with basic functions and nothing more, unlike CEXs that will offer margin trading and even allow you to make a deposit of fiat. It’s all with time, things will improve.
I dont think that is possible without converting themselves to a CEX or a semi-DEX/CEX hybrid. If that is even a thing (?)The CEXs that operate have licenses. I am not sure what DEXs have in its place or have anything at all. Probably giving a middle finger show to the authorities but we also have to observe that DEXs are also getting the scorn of the authorities for such actions. Point is CEXs will survive and less likely to be running a scam in the long run. There are exceptions too but lets focus on what is important. On the other hand DEXs might very well scam its users one fine day and the authorities cant do anything about it. They are anonymous and team being unknown, very less likely that a user would be able to recover their funds lost on a DEX scam.
I do not think that it is totally marketing, he doesn't have to say it as long as he spends millions of dollars on marketing he could always get people to use his dex, I believe there is a bit of truth in it. This doesn't mean he is right, he could be very well wrong too and that means he is supporting something that will not be big, maybe dex will be forgotten and everything will go back to being cex in the end, but that doesn't mean we can argue what he believes in.
He could believe in whatever he wants that will be great in the future, maybe that is dex, maybe it is cex, maybe something we do not even have right now. CZ is not god in crypto world, he is a super rich dude but he is a CEO in the end and we shouldn't take what he says as the bible and believe him right away, he could be wrong as much as you and I can be.
He could believe in whatever he wants that will be great in the future, maybe that is dex, maybe it is cex, maybe something we do not even have right now. CZ is not god in crypto world, he is a super rich dude but he is a CEO in the end and we shouldn't take what he says as the bible and believe him right away, he could be wrong as much as you and I can be.
I understand that having a lot of coins could be great for the DEX but if you ask me that brings both a positive and a negative which I am not sure if that is a good thing. For example if you have a ton of coins, like lets say you have like 500 coins all on your dex, that is great, because there is someone who wants to trade that coin no matter how little a coin is which is why I believe adding as much as coin would be great.
However the bad part about it is the fact that when you do add that much coin and nobody shows any interest to some, you are basically creating something that is not really good in marketing, think about having a website that has basically no volume at all, why would anyone want to use that? So in the end it is both positive but also negative.
However the bad part about it is the fact that when you do add that much coin and nobody shows any interest to some, you are basically creating something that is not really good in marketing, think about having a website that has basically no volume at all, why would anyone want to use that? So in the end it is both positive but also negative.
I believe the fees are quite high at some major DEXs, so they should better focus on reducing their fees. I know that fee is probably the only thing that helps them run their website over the network but when most DEXs are based on ERC-20 based tokens, I urge them to try to bring a scalable solution first in order to let their users trade with least stress about fee. Would also love to see some more volume and liquidity over DEXs.
If there is a DEX to be developed from scratch then what features will you want in it, which is not in other exchanges. How this DEX can be made work like binance.
thanks.
Decentralized exchanges are just lacking in a few ways, but I think that’s how it’s meant to be as long as it’s decentralized exchange that we are talking. One of the ways I would say that they are lacking nowadays is when it comes to functionalities or features that they have to offer, you will notice that DEX's are way more limited than centralized exchanges.thanks.
But, as I said at first, that’s because they are decentralized. By being decentralized they can only offer you with basic functions and nothing more, unlike CEXs that will offer margin trading and even allow you to make a deposit of fiat. It’s all with time, things will improve.
The most important function for DEX exchanges, in my opinion, is multicurrency! So that any user can easily exchange coins from different blockchains!
I will write only 1 interesting thought about decentralized exchanges.
Trading in tokens that can be blocked by the owner of a smart contract is like trading using the world's payment systems
If you make a decentralized exchange, then you need to add only 1 condition: all coins and tokens should not have locks from third parties.
Trading in tokens that can be blocked by the owner of a smart contract is like trading using the world's payment systems
If you make a decentralized exchange, then you need to add only 1 condition: all coins and tokens should not have locks from third parties.
CZ says dex is the future because he has a binance dex of his own, not because he thinks his opponents will beat him. Dude is playing both sides at the same time trying to win. His cex is already the biggest in the world and there is no question he is already doing awesome on that front, he doesn't need to do marketing for binance cex because it does its own marketing by being such a huge and common point for all traders.
However his dex may need some marketing, there are other dex which are bigger, but if he can corner the dex market like he did to cex that means he is going to be fine for a long long time. He is not playing for the next few years, he is playing for the decade and that requires him to promote dex since he has one himself as well.
However his dex may need some marketing, there are other dex which are bigger, but if he can corner the dex market like he did to cex that means he is going to be fine for a long long time. He is not playing for the next few years, he is playing for the decade and that requires him to promote dex since he has one himself as well.
legendary
Activity: 2408
Merit: 4282
eXch.cx - Automatic crypto Swap Exchange.
I don't see anything to improve with the current DEX, the exchange is just suppose to be simple, that's it, unfortunately CZ CEO of Binance was wrong saying DEX is the future as his own DEX does not progress based on our expectation.
Cz is one of the most hard working CEO in the industry, if he says dex are the future (although that's no news) then you better believe him. He came into the industry late but look how far he has take his business to, he's now top of the ladder and everyone in the industry wants to associate with his project.
Don't also forget he has one of the most hard working teams constantly wanting to improved on their already existing features you can see that with the development launchpad, pool, flexible and lick savings etc.
Although his dex exchange hasn't had an impact like we thought it'll, the project isn't a dead one and it's been worked on behind closed doors. With time it'll come to cement its stay in the industry just as the cex has come to stay.
Being truly a dex is really one of the biggest things I am looking into them. There is one for example that has token of its own as you might imagine and 100% of it is owned by the team, how is that decentralized? They are basically saying that they used the D in dex as a fake thing and not really caring about it, if you hold all the tokens that means you can make it do whatever you want as well.
If there is a dex that claims to be decentralized I want to see if it is actually dex or not first. That would be the biggest urgency and would be the greatest deal breaker if they are not like that at the core. However if they are truly decentralized and legit, I would have to look at the team created it and also look at volume those are very important too.
If there is a dex that claims to be decentralized I want to see if it is actually dex or not first. That would be the biggest urgency and would be the greatest deal breaker if they are not like that at the core. However if they are truly decentralized and legit, I would have to look at the team created it and also look at volume those are very important too.
I don't see anything to improve with the current DEX, the exchange is just suppose to be simple, that's it, unfortunately CZ CEO of Binance was wrong saying DEX is the future as his own DEX does not progress based on our expectation.
Hello Friends,
If there is a DEX to be developed from scratch then what features will you want in it, which is not in other exchanges. How this DEX can be made work like binance.
thanks.
I think there is just two features that DEX miss. One is the speed of trading which is very much needed for any trader. No one would want to trade on an exchange where it would take you a minute to buy any coin. And consequently due to these reasons the second problem is the volume that these exchanges have. You will find huge slippages even on many reputed coins. This slippage makes trading unprofitable especially for small traders. But seriously it's difficult to cure these issues in DEX because you will have to compromise with the very core idea of DEX. Bitmex even though not completely considered DEx by many is actually the best DEX to trade on.If there is a DEX to be developed from scratch then what features will you want in it, which is not in other exchanges. How this DEX can be made work like binance.
thanks.
You don't have to have a lot of features, just look at binance.org only available for special DEX tokens in the BNB network while Uniswap is used only for the ETH network, why not create a DEX with multiple networks from BNB, ETH or some altcoins that have tokens in it such as TRX, EOS and others in 1 dex so that people only need 1 website to transact there
Thanks to all of you who responded.
I hope you'll get satisfied with all the replies above. Only I have to tell you that is that you will find DEX that meets your expectations, not all of them are worthy to trust nor many of them are worthless instead. We wanted to change their features which very unlikely to happen and I don't think it is necessary. The most important is we are seeing them being consistent in regard to market performance.
There is really no feature that could make it suddenly much better, dex is not something that lacks features that causes it to be not that much loved, at least not as much as binance, that is not the main reason. The biggest thing that causes cex to be better is volume and that has been talked a million times, but the reason why it gets so much volume is the fact that there is this company centralized on it that you can contact with.
People assume that just because we love decentralized coins we should also like decentralized exchanges as well but the logic is not even remotely the same. I like decentralized currency because it is currency and I do not want anyone to be involved, but exchange is a business and every business should have an owner that I can complain to.
People assume that just because we love decentralized coins we should also like decentralized exchanges as well but the logic is not even remotely the same. I like decentralized currency because it is currency and I do not want anyone to be involved, but exchange is a business and every business should have an owner that I can complain to.
I've used a lot of DEXs like IDEX, Binance DEX, Forkdelta and all have one downside is too few trading features there. Because it is DEX, I accept the coin transfer process will be quite slow and sometimes we have to pay quite a lot of fees, but in return it must have features like Stoploss, OCO. those features are very important to people with less time like me, hopefully in the future there will be DEXs to do this.
DEX no need to add more feature .If you add more feature on that the identity will be exposed and DEX will loose its characteristics .So it think it will be easy to use nothing more need to add.
That is fine, I would also agree to a minimalist design but with features that are essential. But you have to understand that as a project becomes more and more popular, the number of people using it also increases. This leads to a bunch of users who dont follow this idea and want more and more features. That is a problem that every developer group faces at one time or another. It is like a bad effect of being popular/over-achiever - people just keep wanting for more.Few things on a DEX are always good like what I already said, direct BTC conversions which is not an easy thing for devs to put in. I also detest the anonymity of the teams running the project in case of a DEX but I guess that is a part of being a DEX or not being a CEX.
DEX no need to add more feature .If you add more feature on that the identity will be exposed and DEX will loose its characteristics .So it think it will be easy to use nothing more need to add.
legendary
Activity: 2408
Merit: 4282
eXch.cx - Automatic crypto Swap Exchange.
The defi exchanges are already in existence I think they are already perfect because they don't ask KYC and only protocols that work in all transactions. The only feature I guess that is needed here is to make it available for bank transactions like BTC or ETH cashout where USD will go to the bank account or going to PayPal account. If this feature will be added, there could be no users going to major CEX.
For starters they're not perfect, they still need some improvement which with time they'll improved on themselves in giving us a better decentralized experience. Before we had just IDEX like decentralized exchanges that supposenly was the best but in recent times exchanges like Uniswap are making the industry proud with the number of trading volume it's recording (most time surpassing major centralized exchanges). You suggestion can't be achieved, only centralized exchanges can do that.
For it to be done on decentralized exchange we have to used stablecoins which obviously is already been used as you can trade your UDSC with wrapped BTC on dex. The deposting or withdrawing aspect via banks has to be an agreement with the banks to start accepting decentralized dollars or what ever currencies you intend depositing which is unlikely to happen anytime soon.
I would say just have some sort of volume, that is it and nothing more. Believe me when I say this, volume is a big big big problem with DEX, they have either fake volume or no volume at all, no DEX in existence has as real volume as binance which is why they are not as big as binance neither, there is no way to trade there without hurting the economy of the coins you like.
I had to deal with couple of them because they had the coin I got paid for bounty, so I just wanted to sell and get out, and I checked the volume for other stuff (wanted to turn BTC to USDT as well) and the volume was so low that even my 120 or so dollars basically all changed a bit of the market, how the hell could 120 dollars change a market, specially as big as btc/usdt pair which should be in millions of dollars.
I had to deal with couple of them because they had the coin I got paid for bounty, so I just wanted to sell and get out, and I checked the volume for other stuff (wanted to turn BTC to USDT as well) and the volume was so low that even my 120 or so dollars basically all changed a bit of the market, how the hell could 120 dollars change a market, specially as big as btc/usdt pair which should be in millions of dollars.
Volume is already solved through the Defi today. The uniswap is actually one of the best system that had been used today and the reason why there are spikes of prices. Its not just the Uniswap that is making a good liquidity today, several DEFI today also have volume. $1M of volume is already considrable today than back 2017 and I guess this will continue to increase in the years to come.
I would say just have some sort of volume, that is it and nothing more. Believe me when I say this, volume is a big big big problem with DEX, they have either fake volume or no volume at all, no DEX in existence has as real volume as binance which is why they are not as big as binance neither, there is no way to trade there without hurting the economy of the coins you like.
I had to deal with couple of them because they had the coin I got paid for bounty, so I just wanted to sell and get out, and I checked the volume for other stuff (wanted to turn BTC to USDT as well) and the volume was so low that even my 120 or so dollars basically all changed a bit of the market, how the hell could 120 dollars change a market, specially as big as btc/usdt pair which should be in millions of dollars.
I had to deal with couple of them because they had the coin I got paid for bounty, so I just wanted to sell and get out, and I checked the volume for other stuff (wanted to turn BTC to USDT as well) and the volume was so low that even my 120 or so dollars basically all changed a bit of the market, how the hell could 120 dollars change a market, specially as big as btc/usdt pair which should be in millions of dollars.
Of course I hope DEX can provide more choices of coins for trading, then security also comes first. Because secure exchanges make it
comfortable for traders to use them. Users need fast transactions and low trading fees too, so DEX has to fulfill it. Actually there are still
many features that I would like to see on DEX, but a few things I mentioned must be fulfilled first. So that in the future DEX can be more
attractive than CEX.
comfortable for traders to use them. Users need fast transactions and low trading fees too, so DEX has to fulfill it. Actually there are still
many features that I would like to see on DEX, but a few things I mentioned must be fulfilled first. So that in the future DEX can be more
attractive than CEX.
Another thing would be is that they just don't turn into a centralized exchange which will ask for KYC.
But jossie, it is either a KYC done CEX or a would-be-scam DEX always. It just so happen that I remember the DEX in nature and description which turned out to be asking KYC of their users. It's been a long time since I've used that particular exchange.
I just wish that the remaining and proven DEXes won't turn out to be the same.
Already decentralized exchanges are existing here with all the feature but it can't work in the same way like binance and other centralized exchanges works because it is having centralized network so they have customer support as well so lot of people trusting them and trading using their platform but on dex it is not possible to expect the same liquidity as CEX which is the major feature missing on DEX.
The defi exchanges are already in existence I think they are already perfect because they don't ask KYC and only protocols that work in all transactions. The only feature I guess that is needed here is to make it available for bank transactions like BTC or ETH cashout where USD will go to the bank account or going to PayPal account. If this feature will be added, there could be no users going to major CEX.
Not necessarily features, because I don't think features are what so called ""DEX""s are missing. It's the consistency and speed is what custodial exchanges have, and non-custodial or ""DEX""s are missing. I'm going to admit I haven't tried Binance's ""DEX"" though.
Indeed, DEX platforms nowadays already had so many features yet still encounters problem with speed and transaction failures. Meanwhile, some DEX doesn't support this wallet and doesn't support this system. And maybe, if ever that the OP and his idea on a project would happen, he might consider taking all of other DEX's shortcomings and be his project's advantage.
If there is a DEX to be developed from scratch then what features will you want in it, which is not in other exchanges. How this DEX can be made work like binance.
Therefore we only want both consistency and speed with your DEX project.
all of us do always wants to have an exchange to be the best . when I say the best it means that the exchange must posses a high security , low to medium fees , good volume , great costumer support and other must have features that every traders dream and speaking of dream , it can be a dream for now because no exchange have inherit all of that and even binance that is known to be near perfect exchange still do experience an abnormalities.
Hello Friends,
If there is a DEX to be developed from scratch then what features will you want in it, which is not in other exchanges. How this DEX can be made work like binance.
thanks.
If there is a DEX to be developed from scratch then what features will you want in it, which is not in other exchanges. How this DEX can be made work like binance.
thanks.
I've seen much exchange that has good features actually, but they failed only in terms of customer care or support.
The service must be true and transparent because there are some exchange is not giving the best satisfaction service to their clients. This is what I saw from a good platform like Binance and others.
Hello Friends,
If there is a DEX to be developed from scratch then what features will you want in it, which is not in other exchanges. How this DEX can be made work like binance.
thanks.
If there is a DEX to be developed from scratch then what features will you want in it, which is not in other exchanges. How this DEX can be made work like binance.
thanks.
DEX has good features so far. It's not governed by any third party and the only features that can be added to a DEX is more DEX features.. Probably, there might be a DEX for margin trading later
Binance provides a crypto wallet for its traders, where they can store their electronic funds.
Biggest mistake you can do in crypto. Never store your coins on a place where you do not have control over the private keys. But you will not learn the lesson until the day when the site gets hacked and your funds go into limbo.Another thing would be is that they just don't turn into a centralized exchange which will ask for KYC.
But jossie, it is either a KYC done CEX or a would-be-scam DEX always. I would rather go with the first one because at least there are less chances of fraud. Every new DEX coming up with anonymous owners only adds in risk on trading. I do not think there is yet an argument against this.
Hello Friends,
If there is a DEX to be developed from scratch then what features will you want in it, which is not in other exchanges. How this DEX can be made work like binance.
thanks.
If there is a DEX to be developed from scratch then what features will you want in it, which is not in other exchanges. How this DEX can be made work like binance.
thanks.
You mean Binance Centralized exchange? Most of DEX are the same but they lack something liquidity and good volume with a very low fees. Uniswap has good volume and liquidity but it has a huge fees, Binance DEX has very low fees almost nothing but the projects listed on it have few activity there is a little volume. Justin sun justswap seems interesting we all know that tron have low fees just like Binance chain but they have only few good projects listed on it Ethereum is still more popular. So, overall I want a dex with low fees, good volume and liquidity.
I'm not a usual trader and user of DEX.
But, if there's one thing that I want to be added it won't be a DEX anymore. Anyway just like the basic added features just like anyone else want. Quick in withdrawals, responsiveness of the DEX itself. Another thing would be is that they just don't turn into a centralized exchange which will ask for KYC.
Also this,
But, if there's one thing that I want to be added it won't be a DEX anymore. Anyway just like the basic added features just like anyone else want. Quick in withdrawals, responsiveness of the DEX itself. Another thing would be is that they just don't turn into a centralized exchange which will ask for KYC.
Also this,
fewer bugs
Not necessarily features, because I don't think features are what so called "DEX"s are missing. It's the consistency and speed is what custodial exchanges have, and non-custodial or "DEX"s are missing. I'm going to admit I haven't tried Binance's "DEX" though.
I used binance's Dex few times for fast swaps. I can admit that it's fast and practical. I remember when i first discovered cryptobridge, a dex with great caracteristics. Used it many times without any issue. I thought it was open source and that the system is running without anybody can interfer, then suddenly the platform started asking users for kyc through different levels then restrict countries before shutting down.
Decentralised exchanges should always be better in term of privacy and security but how to garante this ?
If there is a DEX to be developed from scratch then what features will you want in it, which is not in other exchanges.
There's a lot of features that don't have on DEX that trader's want. First, is the limited type of orders or we can say low liquidity and volume and most commonly they dont have margin trading. Next is the speed limit to execute orders, CEX might have a faster speed to fill an order than DEX, so probably this is the mean problem of DEX why trader prefers to use CEX rather than DEX. But for me, there are several factors that we can consider as a good benefit upon using DEX, and that is when it comes masking your privacy.
If there is a DEX to be developed from scratch then what features will you want in it, which is not in other exchanges.
No specific "special and unique feature".
Just worked on being 100% DEX as what it supposed to be - fully operational, high level of security, fewer bugs, smooth interface, etc.
Think outside the box how your DEX will catch everybody's attention to use it to somehow boost trading volume.
Faster and cheaper transactions, just the basic tenants of what should a DEX should be. And course we wanted to see more coins that we can trade, perhaps margin trading could be a good addition.
margin trading can be done already on defi exchange where they add sythetic assets. the ones you are seeing where there is iBTC and sBTC which is also paired with sUSD. i think the decentralize exchanges today are also going to be in that direction too which they may add their own for the derivatives trading. its becoming sophisticated so i hope they can thoroughly test everything before deploying their protocols.
Hello Friends,
If there is a DEX to be developed from scratch then what features will you want in it, which is not in other exchanges. How this DEX can be made work like binance.
thanks.
There are a lot of benefits that we can get from any decentralized exchangesIf there is a DEX to be developed from scratch then what features will you want in it, which is not in other exchanges. How this DEX can be made work like binance.
thanks.
*Low trading fees: however this will also matter of we want fast transactions or not (high fees=fast transaction) but still depending on the network traffic.
*Security: no third-party involve
*Easy to manage asset: we the one that fully controlled our wallet
But it comes into trading volume and pairs, DEX isn't good to that, and that is the reason why many investors will look into CEX even they are risking their wallet keys and prone to hacking.
Faster and cheaper transactions, just the basic tenants of what should a DEX should be. And course we wanted to see more coins that we can trade, perhaps margin trading could be a good addition.
I think this should happen automatically as coins are reviewed and scored by users using a set of rules/standards. And they get rewarded for doing this
Lack of abuse.The project just can be paid or doing a small airdrop task for all his community to listed their token on the exchange, so not a good option. IMO we don't need a lot feature on DEX, what we need from DEX is when we have full control of your asset comparing centralized exchange. So, as long we can fully control our asset, enough for us to use DEX when doing a trade.
for non custodial exchanges, you do have the full control of your assets. if you try using the tronlink pro wallet on your phone and try the poloni DEX, you can trade there directly with your assets still in your wallets. this is the same thing with other platforms like in EOS. you can trade on DEX such as WhaleEx or Newdex using your scatter wallet. basically they are non custodial exchanges.
what features i would like is the mining/staking to earn other tokens. some dex already have this features.
I think this should happen automatically as coins are reviewed and scored by users using a set of rules/standards. And they get rewarded for doing this
Lack of abuse.The project just can be paid or doing a small airdrop task for all his community to listed their token on the exchange, so not a good option. IMO we don't need a lot feature on DEX, what we need from DEX is when we have full control of your asset comparing centralized exchange. So, as long we can fully control our asset, enough for us to use DEX when doing a trade.
Lots of things. One of the most important is having the ability to use some sort of community governance to filter out good/standardized coins to a public section of a decentralized exchange while allowing developers to permissionlessly add any kind of coin on another section of the dex.
I think this should happen automatically as coins are reviewed and scored by users using a set of rules/standards. And they get rewarded for doing this
I think this should happen automatically as coins are reviewed and scored by users using a set of rules/standards. And they get rewarded for doing this
Not necessarily features, because I don't think features are what so called "DEX"s are missing. It's the consistency and speed is what custodial exchanges have, and non-custodial or "DEX"s are missing. I'm going to admit I haven't tried Binance's "DEX" though.
Binance provides a crypto wallet for its traders, where they can store their electronic funds. Binance has its own token currency, Binance Coin.
Hello Friends,
If there is a DEX to be developed from scratch then what features will you want in it, which is not in other exchanges. How this DEX can be made work like binance.
thanks.
If there is a DEX to be developed from scratch then what features will you want in it, which is not in other exchanges. How this DEX can be made work like binance.
thanks.
Jump to: