What do you mean by "With Opencex you can create your crypto exchange" for free? I'm not sure if I understand correctly, but do you want to convey to us here in the forum that any community here on the forum platform can have their crypto exchange in this industry?
Because most people know that when you build your exchange, you must have a large capital for it, and you must also have a team, and so on, then from what you are saying, it seems like it is easy to have your exchange.
What we mean is that most solutions are paid: someone who wants to build an exchange has to either buy a white label or order custom development. All of this costs a lot of money. But our crypto exchange engine is free.
Of course, then the owner/company will manage the exchange with the help of their team, which involves costs. But this doesn’t apply to the initial cost of developing the exchange as an online platform.
What's the catch?
You surely wouldn't spend your time and resources creating such a good platform only for you to provide it for people to use for free. Would you?
There's something we probably don't know about.
How are you going to get funds to keep the project running? Donations from well-wishers?
We believe that by developing as an open-source product we can achieve much more. We want to make OpenCEX an industry standard, just like Wordpress has become for building websites. There are many examples of large-cap opens-source companies, and this is our way.
We want to give the crypto community an easy and simple solution, and then make money on complex implementations for institutional players (banks, brokerage firms, etc.).
Your coin, branded exchange - very synergistic! We receive a lot of requests from people who would like to issue their own token and make their own exchange.
