Hello dear friends!
Today we will get to know a little about the new decentralized exchange Co-DEX.
Currently, there are a huge number of cryptocurrency exchanges, including decentralized ones.
Decentralized exchanges are very convenient to use since you do not need to undergo mandatory registration, undergo KYC verification and other inconvenient additional procedures. Such exchanges are completely confidential. On a decentralized exchange, you can create a user account in a few seconds using your private key to an existing wallet or by creating a new wallet on this exchange. All further actions, such as deposit, trading and withdrawal, depend only on the network load. Placement of orders, in this case, is practically no different from placing orders on ordinary exchanges. The decentralized exchange does not save the keys to user wallets, and thus, your funds are more secure than on a regular exchange. On decentralized exchanges, it is much more difficult to use trading bots to boost volumes, which makes the market picture more transparent.
But there is a lack of decentralized exchanges. As a rule, trading volumes on these exchanges are significantly lower than on conventional exchanges. It is the turnover that attracts traders to use one or another exchange.
The decentralized exchange Co-DEX has found a solution to attract a large number of users thanks to the use of not just one blockchain, but many existing blockchains on the platform. This was made possible by using the innovative IBC function created by the Cosmos network.
The platform of the Co-DEX decentralized exchange involves building its work on the Cosmos blockchain network, which will create additional benefits for this exchange. Among these advantages, the following can be distinguished:
- Co-DEX exchange users will be able to freely buy, sell and exchange any other tokens, regardless of which blockchain they were originally created
- very high transaction speed
- the ability to use account wallets for reliable storage of cryptocurrency
- the complete exclusion of additional and hidden payments in their transactions, which will create conditions for the transparency of commissions that provide only cryptocurrency transactions
- the ability for users to create market and limit orders for the purchase and sale of cryptocurrency
To ensure the functioning of the Co-DEX exchange, the project issued its own Ethereum-based token, i.e. the ERC20 token. The token will have the abbreviation COD1. In total, 250 million COD1 tokens have been issued and have an initial cost of 5 US cents for one token.
From the foregoing, we can conclude that the new decentralized exchange Co-DEX has very great prospects for its development. An important role for attracting new users will be played by trading a variety of coins and tokens, regardless of which blockchain they are on, as well as high asset security, fast transactions and minimal commissions.
Now there is still the opportunity to invest profitably in the Co-DEX exchange. To purchase COD1 tokens, you need to visit the official website of this exchange. All official links to the Co-DEX decentralized exchange project, you can see below this article.
Official links of the Co-DEX exchange:
Website: https://co-dex.network/
Whitepaper: https://co-dex.network/co-DEXWP.pdf
Telegram 1: https://t.me/co_dex
Telegram 2: https://t.me/co_dex_ann
Twitter: https://twitter.com/CoDEX_Social
Facebook: https://www.facebook.com/co.dex.decentralized.exchange/
Instagram: https://www.instagram.com/codex_social/
Linkedin: https://www.linkedin.com/company/codex-foundation
Reddit: https://www.reddit.com/user/Co-DEX
Steemit: https://steemit.com/@co-dex
Information about the author of this article:
Bitcointalk Profile link: https://bitcointalk.org/index.php?action=profile;u=908095
Bitcointalk User name: bulalex16
Telegram User name: @Wolfopow
ETH-address: 0x67B271e10dC48754863723981cc97Afa3a034170