Topic: Is it possible to build a DEX without having a token? - page 2. (Read 204 times)

That is possible. DEX is not actually need the token to build its ecosystem but the main thing that is actually needed is the profesional programmers that can execute the code. Basically token was not the main thing for the ecosystem.

You can build thing and basically that's called as aggregator. 1inch is also aggregator exchange site but this is not supporting so many chain.

what about forking 1inch but adding more possibilities to connect with the various chains?

Didn't Uniswap started without a token? They only airdropped UNI to qualified users at a later date. So that should be enough to say it's possible. I also know BISQ dex for bitcoin don't have a token until now.

It will be tough to keep the platform running if the developer of this tokenless "DEX" will only rely on rewards from running their own nodes on five different chains. I would rather create a controlled a privacy-centric P2P exchange and earn from commissions than maintain a DEX.

Yes, it is highly possible, like what @Myleschetty said, the idea of having own token is just to enrich the ecosystem, to add to what he said, i did say that having a own token is a way that decentralized exchange raise money for their operations, it also serve as a tool which they use for their marketing.
Since they need money to settle a lot of developmental expenses, pay for hosting and the rest, having own token make payment for all this easy and convenient.

Now my concern is, in as much as it is possible to operate a non own token decentralized exchange, how are you going to cope? because you must be a billionaire to be able to start an exchange of this kind and keep it running for several years, but in a case where you are not a billionaire, here are my questions...

1. How do you plan to keep the exchange running for long if there is no way to raise money, or, are you just going to depend on the small fees you take from users?
2. Without own token, how do you plan to market your product?, you need something to use as an incentive, a reward  to encourage traders to use and keep using your exchange, how are you going to make this happen without own tokens?

The idea of DEXes having their own token is just to enrich their ecosystem and yes, it is possible to build a tokenless DEX but the question asked seems misleading because I am not sure if you're looking for a tokenless DEXes that support multiple or planning to build one.
If you're looking for one you check
Hashflow supported Ethereum, Avalanche, BSC, Polygon, and Arbitrum chain with a $23.96m Total value locked

I love pancakeswap and uniswap and all of that, but I just want to have a swap that has absolutely none of that. Obviously it will require a liquidity in order to be a DEX, but that could be attracted from all routers that is possible, and find the best rate?

So what I was thinking; a swap where you can swap any token in many chains. For example if you want to make a swap in ERC20 then it could use uniswap, or any other swap and their liquidity and search for the best one and whatever would give you the best return it will use that. If you want to do BSC then it will use the list and check the best rate there and would help you swap it.

It is quite similar to what metamask has, metamask has a swap feature as well where you can turn your tokens into other tokens using metamask, but they actually use other dex places liquidity to do, so you are using metamask but in reality you are swapping on 1inch for example.

I just want a website like that. It would have 5 chains for now, maybe add more later. It owuld check dozens and dozens of decentralized exchanges, find the best rates for you, and help you swap your tokens to any token you want with the best rate. And it would not have any native tokens because it is using other places liquidity anyway.

Is this possible?