Topic: Token Store DEX Trading Fees dropped by 90%! (Read 140 times)
The site looks good. Will be trading there very soon and also the low fees make everything amazing. But need to advertise to get more trading volume
Hello! We are The Token Store, a truly decentralized exchange (DEX) built on the Ethereum network. We’re smooth, sleek, fast and efficient, with friendly support and a host of excellent features. If your only experiences with DEXs so far have been with EtherDelta and its forks, you’re going to find using The Token Store a delightful experience.
Today, we’re announcing that we’re cutting our fees by 90%.
That means that market-takers are charged a fee of only 0.03%!
Market-makers, as before, are charged a fee of 0%.
With the fee cuts, we’re now 90% cheaper than EtherDelta and ForkDelta, and 85% cheaper than IDEX for market takers and infinitely cheaper for market takers. Additionally, due to IDEX’s ‘semi-decentralized’ nature, our gas fees are going to be approximately 5x less than IDEX’s.
In addition to these fees, the Ethereum network charges a transaction fee (gas) for every transaction. At current prices, that’s between $0.10 and $0.20 per transaction, and it goes to the Ethereum network miners, not us.
We’re also happy to announce that we now support trading any ERC20 token with just the contract address. Simply go to http://token.store, click on the green “Address Trading” button, and enter the contract address there. If it’s a valid ERC20 contract, we’ll populate the market. Using Address Trading is a great way to test new tokens, swap tokens between users, and create markets for tokens that don’t want to pay the extortionate listing fees of more centralized exchanges.
You can also access any ERC20 trade by address market at token.store/trade/, replacing with the ERC20 contract address.
The Token Store supports MetaMask, you can directly import your private key, or you can use The Token Store to create a new ETH public address / private key pair. In case you’re not familiar with using DEXs, our friend DJ Bobby Hustle made this excellent Youtube tutorial: https://www.youtube.com/watch?v=XcFfZU187V0&t=281s
Feel free to ask any questions you might have in this thread, or join our friendly telegram group at t.me/thetokenstore!
Thanks!
PS: We are open to any and all partnerships, promotional opportunities, and rebates for market-makers -- just ping one of the admins on the telegram group to get in touch.
Today, we’re announcing that we’re cutting our fees by 90%.
That means that market-takers are charged a fee of only 0.03%!
Market-makers, as before, are charged a fee of 0%.
With the fee cuts, we’re now 90% cheaper than EtherDelta and ForkDelta, and 85% cheaper than IDEX for market takers and infinitely cheaper for market takers. Additionally, due to IDEX’s ‘semi-decentralized’ nature, our gas fees are going to be approximately 5x less than IDEX’s.
In addition to these fees, the Ethereum network charges a transaction fee (gas) for every transaction. At current prices, that’s between $0.10 and $0.20 per transaction, and it goes to the Ethereum network miners, not us.
We’re also happy to announce that we now support trading any ERC20 token with just the contract address. Simply go to http://token.store, click on the green “Address Trading” button, and enter the contract address there. If it’s a valid ERC20 contract, we’ll populate the market. Using Address Trading is a great way to test new tokens, swap tokens between users, and create markets for tokens that don’t want to pay the extortionate listing fees of more centralized exchanges.
You can also access any ERC20 trade by address market at token.store/trade/
The Token Store supports MetaMask, you can directly import your private key, or you can use The Token Store to create a new ETH public address / private key pair. In case you’re not familiar with using DEXs, our friend DJ Bobby Hustle made this excellent Youtube tutorial: https://www.youtube.com/watch?v=XcFfZU187V0&t=281s
Feel free to ask any questions you might have in this thread, or join our friendly telegram group at t.me/thetokenstore!
Thanks!
PS: We are open to any and all partnerships, promotional opportunities, and rebates for market-makers -- just ping one of the admins on the telegram group to get in touch.
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