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Topic: DEX's with MILLIONS in volume, COULD make you stinking rich, here's why. (Read 1178 times)

full member
Activity: 443
Merit: 107
Interesting read for sure. Betting on DEX's might actually not be such a bad idea, since I'd imagine it's an ever green market so to say. There will always be people wanting to transact without undergoing KYC, and DEX's is perfect for this.

There's been a lot of talk about regulation, DEX's, DEFI, dApps etc. I'm sure its a wise move to invest in these projects.

The fees collected from the network could grow insanely high to a point where big investors want to join in and get a hold of a few nodes, which would catapult the price upwards like CRAZY.

$100 Blocknet is not too far fetched actually.

Could say the same for Stakenet’s Lightning DEX which solves many issues that DEX’s currently have like liquidity by being able to tap into any exchange to gain liquidity which means people using the DEX will always be able to get what they want at the best price from one single place, their Multicurrency Lightwallet. Article about it here below which has videos of them linking in with Binance and Livecoin.

https://link.medium.com/K20PsuB6M7

As for incentive, people running MN’s that host the DEX as well as their basic block rewards get 90% of all trading fees earned from it. The remaining 10% are converted into XSN and burned to reduce circulating supply.

If you want to give their Lightning DEX a test for yourself then head on over to their Discord and join the test group, the more the merrier.
newbie
Activity: 122
Merit: 0
Interesting read for sure. Betting on DEX's might actually not be such a bad idea, since I'd imagine it's an ever green market so to say. There will always be people wanting to transact without undergoing KYC, and DEX's is perfect for this.

There's been a lot of talk about regulation, DEX's, DEFI, dApps etc. I'm sure its a wise move to invest in these projects.

The fees collected from the network could grow insanely high to a point where big investors want to join in and get a hold of a few nodes, which would catapult the price upwards like CRAZY.

$100 Blocknet is not too far fetched actually.
jr. member
Activity: 352
Merit: 3
Interesting read for sure. Betting on DEX's might actually not be such a bad idea, since I'd imagine it's an ever green market so to say. There will always be people wanting to transact without undergoing KYC, and DEX's is perfect for this.

There's been a lot of talk about regulation, DEX's, DEFI, dApps etc. I'm sure its a wise move to invest in these projects.
newbie
Activity: 32
Merit: 0
Interesting read for sure. Betting on DEX's might actually not be such a bad idea, since I'd imagine it's an ever green market so to say. There will always be people wanting to transact without undergoing KYC, and DEX's is perfect for this.
newbie
Activity: 97
Merit: 0
Another good dex is switchdex and every switch token (ESH) holders will share 90% revenue generated by the dex exchanges every month ending, I don't know one can run nodes for dex, thanks for sharing

Does SwitchDEX have the same setup as Blocknet? Because their setup is really cool, as it provides a great passive income.
member
Activity: 406
Merit: 10
Another good dex is switchdex and every switch token (ESH) holders will share 90% revenue generated by the dex exchanges every month ending, I don't know one can run nodes for dex, thanks for sharing

Never heard of it, but I'll do some digging.

I prefer DEX's where you as an investor can profit off of the trading fees. I don't know of many projects who has this "setup", but I'm sure Blocknet will be succesfull for this very reason, as demand for the coin itself will surge as the DEX volume increases.

Passive income is the sweetest income in life, no kidding.
newbie
Activity: 97
Merit: 0
But reality proves otherwise, DEX could be the future  but now they are still lagging far behind CEX, recently we are seeing volume picking up but not close to what will make me bullish on them, DEFI is a nice space to look at now and show more promising than DEX and this is where I believe the money would be in the coming year as the space matured

DEFI, DEX's, dApps is where the money is going in the future.
Blocknet is a DEFI project, with a DEX, so you get the best of both worlds actually. Wink
member
Activity: 490
Merit: 19
Another good dex is switchdex and every switch token (ESH) holders will share 90% revenue generated by the dex exchanges every month ending, I don't know one can run nodes for dex, thanks for sharing
hero member
Activity: 1876
Merit: 512
But reality proves otherwise, DEX could be the future  but now they are still lagging far behind CEX, recently we are seeing volume picking up but not close to what will make me bullish on them, DEFI is a nice space to look at now and show more promising than DEX and this is where I believe the money would be in the coming year as the space matured
jr. member
Activity: 60
Merit: 1
The best DEX is ViteX built on Vite (this is DAG project, like IOTA but with smartcontract). And they share 90% of revenue from trading fees to token holders (10% for owners). And this DEX is for multi blockhains.
Have you heard about uniswap, it's a dex exchange, currently lots of coins in there are doing x5 - 100, to me its consider the best Dex for now because it's really easy to navigate through, lots of people have been made awesomely rich from that exchange

Uniswap only supports Ethereum tokens, so it's really not my cup of tea  Smiley The volume is growing though, the same can be said about other DEX's such as Blocknet's DX platform, and Bisq.

+1

I can vouch for Blocknet as well. Awesome exchange, easy to use. Doesn't compromise decentralization at all.

They work on so many promising things, which is pretty exciting.
member
Activity: 406
Merit: 10
The best DEX is ViteX built on Vite (this is DAG project, like IOTA but with smartcontract). And they share 90% of revenue from trading fees to token holders (10% for owners). And this DEX is for multi blockhains.
Have you heard about uniswap, it's a dex exchange, currently lots of coins in there are doing x5 - 100, to me its consider the best Dex for now because it's really easy to navigate through, lots of people have been made awesomely rich from that exchange

Uniswap only supports Ethereum tokens, so it's really not my cup of tea  Smiley The volume is growing though, the same can be said about other DEX's such as Blocknet's DX platform, and Bisq.
newbie
Activity: 122
Merit: 0
The best DEX is ViteX built on Vite (this is DAG project, like IOTA but with smartcontract). And they share 90% of revenue from trading fees to token holders (10% for owners). And this DEX is for multi blockhains.
Have you heard about uniswap, it's a dex exchange, currently lots of coins in there are doing x5 - 100, to me its consider the best Dex for now because it's really easy to navigate through, lots of people have been made awesomely rich from that exchange

Only thing I know about it, is that you cannot trade BTC on it, which is the main pair for everything no matter where you go. It's great to see that it has a lot of volume though, as it means there is demand for trustless trading. Blocknet being one of the most decentralized in existence.
jr. member
Activity: 196
Merit: 6
Good start to post but you lost me at Blocknet - only has 15k trading volume

Kyber is the way for this play

Staking coming end of June - https://www.coindesk.com/kyber-offer-delegated-token-staking-network-upgrade
Most used Dapp or DEX or both, forget which (search for it - Binance did an analysis)
70% of transaction fees burned
Etc...

DYOR


The volume is low because Bittrex doesn't allow US traders on their platform, which is Blocknets main exchange. Their DEX gets up to $10k volume on it's own some days, some days more, some days less.

Blocknet is MUCH more than just a DEX, which I believe most people are unaware off.

The best DEX is ViteX built on Vite (this is DAG project, like IOTA but with smartcontract). And they share 90% of revenue from trading fees to token holders (10% for owners). And this DEX is for multi blockhains.
Have you heard about uniswap, it's a dex exchange, currently lots of coins in there are doing x5 - 100, to me its consider the best Dex for now because it's really easy to navigate through, lots of people have been made awesomely rich from that exchange

Uniswap is limiting itself by being an ETH-based DEX. Meaning you CAN'T trade anything else than ERC tokens on it. This leaves out a LOT of projects, including BTC.
newbie
Activity: 30
Merit: 0
Good start to post but you lost me at Blocknet - only has 15k trading volume

Kyber is the way for this play

Staking coming end of June - https://www.coindesk.com/kyber-offer-delegated-token-staking-network-upgrade
Most used Dapp or DEX or both, forget which (search for it - Binance did an analysis)
70% of transaction fees burned
Etc...

DYOR
full member
Activity: 1750
Merit: 118
I don't particularly like DEX exchanges, they are capitalist and annoying. They ask for a lot of costs to make sales, deposits, cancel orders and make withdrawals. This costs me a lot.  Angry

You clearly hardly know what a DEX is, because they are completely the opposite of your claims.

A DEX is a trustless, low fee exchange, with NO GEO-blocking, restrictions, or any other bullshit.

Well,,, he may be one of many who do not really understand what a DEX is but he does have a point in that many of them are quite annoying.

And I definitely understand DEXs that cancel orders it has happened to me a lot too -- the only difference in most DEX vs CEX is that they do not have control of your funds.

you mean your orders got cancelled , how was that possible and from what decentralized exchange you experience it  .

 that can be annoying indeed but thats nothing commpared to a centralized exchange that ask for your kyc and other things   .  never got a bad experience on using a dex  in my case but dexe's dont have enough power to compete with cex's  right now   . maybe in  the future if people got tired of the hassel that cex's cost to them   .
copper member
Activity: 1428
Merit: 253
We don't NEED exchanges for FIAT gateways. There are multiple service providers out there, which offers great deals on crypto, which is often cheaper than exchanges themselves. (Just my experience).

Once DEX's reach several millions in volume, then there is no NEED for these centralized exchanges anymore, hence why I believe DEX's is a good long term plan.
If we have to achieve complete anonymity then there also should be a decentralized exchange for fiat conversion but we only have p2p sites which can give anonymity but the trader who sends you the money knows who you are.
Is such a system applicable in trading on the crypto market? then what about the security for traders? I understand the system will continue to evolve, but all must be considered properly so that no errors occur that cause loopholes for hackers.
legendary
Activity: 3122
Merit: 1140
I don't particularly like DEX exchanges, they are capitalist and annoying. They ask for a lot of costs to make sales, deposits, cancel orders and make withdrawals. This costs me a lot.  Angry
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We don't NEED exchanges for FIAT gateways. There are multiple service providers out there, which offers great deals on crypto, which is often cheaper than exchanges themselves. (Just my experience).

Once DEX's reach several millions in volume, then there is no NEED for these centralized exchanges anymore, hence why I believe DEX's is a good long term plan.

I do agree that there are several gateways but the question is, would you trust them enough to make such transactions or deals?
Yes, they are cheaper but i cant easily just make tx in them thats why people do really rely on centralized even its completely contrary on what
we are hoping.


If we have to achieve complete anonymity then there also should be a decentralized exchange for fiat conversion but we only have p2p sites which can give anonymity but the trader who sends you the money knows who you are.
P2P is considerable but theres a specific risk behind that since this is face to face transaction then it would neither on the way on how fiat would be transferred
if it would be on handed or via bank account.So we know on how things work after that.
full member
Activity: 1106
Merit: 166
★777Coin.com★ Fun BTC Casino!
We don't NEED exchanges for FIAT gateways. There are multiple service providers out there, which offers great deals on crypto, which is often cheaper than exchanges themselves. (Just my experience).

Once DEX's reach several millions in volume, then there is no NEED for these centralized exchanges anymore, hence why I believe DEX's is a good long term plan.
If we have to achieve complete anonymity then there also should be a decentralized exchange for fiat conversion but we only have p2p sites which can give anonymity but the trader who sends you the money knows who you are.
jr. member
Activity: 60
Merit: 1
I don't particularly like DEX exchanges, they are capitalist and annoying. They ask for a lot of costs to make sales, deposits, cancel orders and make withdrawals. This costs me a lot.  Angry

You clearly hardly know what a DEX is, because they are completely the opposite of your claims.

A DEX is a trustless, low fee exchange, with NO GEO-blocking, restrictions, or any other bullshit.

Well,,, he may be one of many who do not really understand what a DEX is but he does have a point in that many of them are quite annoying.

And I definitely understand DEXs that cancel orders it has happened to me a lot too -- the only difference in most DEX vs CEX is that they do not have control of your funds.

Cancelled orders happens when the maker cancels, just like any other centralized exchange. The beautiful thing about DEX's is:

1) They will never shut down
2) They cannot be taken down even by law enforcements, as the DEX is owned by no one
3) Your keep your privacy
4) All trading is trustless, you do not need to TRUST anyone.

There are many more benefits, but these are just the main ones.

You said it right when it comes to cancelled orders and theres nothing surprising about that.

The market had several DEXE's and some of them are already closed.I can say that decentralization is always been good but people do still end up on
centralized ones because of lacking of fiat integration and services.
Yes, we can find only these features on centralized ones thats why it isnt surprising that people will surely jump to the other side in exchange to that.


We don't NEED exchanges for FIAT gateways. There are multiple service providers out there, which offers great deals on crypto, which is often cheaper than exchanges themselves. (Just my experience).

Once DEX's reach several millions in volume, then there is no NEED for these centralized exchanges anymore, hence why I believe DEX's is a good long term plan.
legendary
Activity: 3122
Merit: 1140
I don't particularly like DEX exchanges, they are capitalist and annoying. They ask for a lot of costs to make sales, deposits, cancel orders and make withdrawals. This costs me a lot.  Angry

You clearly hardly know what a DEX is, because they are completely the opposite of your claims.

A DEX is a trustless, low fee exchange, with NO GEO-blocking, restrictions, or any other bullshit.

Well,,, he may be one of many who do not really understand what a DEX is but he does have a point in that many of them are quite annoying.

And I definitely understand DEXs that cancel orders it has happened to me a lot too -- the only difference in most DEX vs CEX is that they do not have control of your funds.

Cancelled orders happens when the maker cancels, just like any other centralized exchange. The beautiful thing about DEX's is:

1) They will never shut down
2) They cannot be taken down even by law enforcements, as the DEX is owned by no one
3) Your keep your privacy
4) All trading is trustless, you do not need to TRUST anyone.

There are many more benefits, but these are just the main ones.

You said it right when it comes to cancelled orders and theres nothing surprising about that.

The market had several DEXE's and some of them are already closed.I can say that decentralization is always been good but people do still end up on
centralized ones because of lacking of fiat integration and services.
Yes, we can find only these features on centralized ones thats why it isnt surprising that people will surely jump to the other side in exchange to that.
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