Topic: DEX's with MILLIONS in volume, COULD make you stinking rich, here's why. - page 4. (Read 1163 times)

 As long as Dex's fail to get people trading, they are going to be just destined to doom forever, there is no way in hell you can convince people to actually trade in a place with bare minimum volume available. Which creates this weird cycle, people do not go to DEX because there is no volume, there is no volume because people do not go there, its an endless cycle until one of them is broken. Either the website gives up, or they just find a way of getting people who will overlook the volume issue.

 I say increase the affilaite income, if you give people share of the fee they can get from the people they invite, like what binance did at the beginning with %50 of the fee, you may have a bigger chance, plus always try to work with bots, bots do bring it a lot of people as well.

Liquidity pool and stablecoin on it is a must for these dexes to have millions in volume. There are a number of platforms that have it but we still can consider them centralized. Bisq and Block are the two that I have tried and definitely a great dex to start with. NEWDEX now has its EOSDT stablecoin which is why its gradually building volume.

DEX's can't be regulated as they aren't owned by anyone, which is WHY they'll succeed over centralized exchanges that CAN be heavily regulated

Actually I like DEX to succeed, but as of now, I haven't send a DEX that is successful.

I am not familiar with the real purpose of the coin, but the way describe it, it pretty looks promising, but my concern really is, is there a potential for DEX to grow in the future when regulation are getting stronger in the crypto space?

I'm against it, because it's NOT a DEX. End of story.

They are using the word "decentralized" as a buzz word for marketing, when in reality it's a very centralized exchange. Binance tried to rip off the Blocknet team back in early 2018 when they tried to apply for a Binance listing. They where asked DEX related things, which was SO out of the way that you could easily tell that Binance wanted to know how to setup their own "DEX" protocol.

It's all explained right here: https://www.youtube.com/watch?v=JSCAelH_iuk

Binance is nothing but a hype train, with stupid sheeps following them blindly.
Sure their exchange is decent, but CZ cares about NOTHING but money and power.

Now that you have mentioned those, I'm pretty much aware of them. 
Well anyway, why you seem to be against Binance DEX? I know they're not completely dex as per Chaopeng mentioned it on somewhere probably on his twitter post.

Blocknet is just an example. There are other projects out there as well. Bisq, Komodo, Nash and the list goes on and on.

TL;DR.
But after looking at the bolded part, okay, I see that you're with Blocknet as it's the DEX that you're talking with millions of volume. I've seen that they have a token and this DEX has really required an installation? Educate me, anyone.

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.

Remember the hype around Kucoin and Coss? Back i 2017 we saw these 2 projects perform amazingly well due to the promise that you could take share in the revenue from the exchanges as a token holder. Pretty decent idea right?

Well, guess what. With more and more regulation coming, it will most likely soon be IMPOSSIBLE to trade, let alone open an account on any exchanges without undergoing KYC/AML first, which exposes your identity. Something A LOT of people don't like that much, as it completely removes the point of crypto to begin with.

DEX's is trustless. You don't need to trust a DEX, as you hold your own private keys at all times. You don't need to sign up, you don't need to provide any personal details, and you're never at risk of getting hacked and losing your funds.

Now, remember in the good old days, when we saw the gold rush in America. You know WHO made the most money? The guy digging for gold, or the guy selling the shovels? Take a guess....

So through DEX's you'll be able to profit off of the trading fee's IF you run a node on the network. There are several DEX's projects out there who allow this, but Blocknet is probably the most well known DEX out there.
To run a node on Blocknet you need 5000 BLOCK as collateral to host a service node. If we see any decent volume on DEX's you could potentially strike GOLD running a node, as you'd take home a fee on every trade happening on the DEX through your node.

I've seen so many decent projects being mentioned, but nobody ever seems to speculate on the future of DEX's and how much volume we could potentially see on these.
Makes me sick to see people mention the "Binance DEX" as being a trust worthy DEX, when it's NOT a DEX in the first place! 

What are you guys thoughts here?