Transcript:
Hi everyone. This is Nick. The host of Sobuka. I know its been a while. I just want to present you guys with a follow-up video to one I did several months ago about the 0X Protocol.
If you hate EtherDelta then you will like this new up and coming exchange that I will go over called DDEX.
I made a video a few months ago about the 0X Protocol. Well the DDEX exchange uses the 0X smart contract to manage trades between you and another party. It has built in Ledger Nano support via meta-mask and as well you can attach your etherum private key to the DDEX exchange to facilitate trading. Before doing anything with your private key or hardware wallet make sure you have the proper security on your computer and that you follow the instructions that are posted on DDEX site for key and wallet integration. Their instructions are easy to follow.
The benefit of using DDEX is that nothing is stored on their exchange. DDEX does not hold your funds. All of the in between process is managed via the 0X protocol that manages the transactions of your ERC-20 tokens.
Currently the DDEX exchange is actively supporting over 50 ERC-20 pairs. But since this exchange is relatively new I want to caution you that a lot of these coins are trading at very light to no volume.
However please keep an eye out for this exchange because 0X is a very popular advanced and secure token that DDEX is utilizing. And if the 0X token takes off well so will this exchange. So you want to get in and try to get familiar with DDEX as quickly as possible guys. The usability of their trading site is way simplified, coherent, and clear compared to other decentralized exchanges like EtherDelta. It is also very fast as well and not bugged down by traffic. So there you go guys. Those are already three good things going on for this new exchange.
There is also other exciting news surrounding DDEX which includes a partnership with Market Protocol to offer advanced API features. As a protocol, Market enables third parties to build applications for trading, order routing and related activities. This opportunity for DDEX will open the door for expanded on-chain, off-chain and cross-chain services in a secure and liquid environment which is very important these days. And so all this means is that companies can potentially build on top of the DDEX platform and offer unique securities outside of ERC-20 tokens in the future. So you guys heard this here on Sobuka.
Ladies and Gentlemen these are exciting times for decentralized exchanges. This is a topic and concept that I brought up about a year ago. I can definitely see a place for DDEX in this crypto ecosystem.
Alright guys. That is all I have for today. Please comment and let me know what you think. And lastly I want to mention as a disclaimer that cryptocurrencies carry a lot of risk and that you can lose everything. Although DDEX is very secure and decentralized this is still the internet. Nothing is 100% safe. So I stress to make sure you do your own research and due-diligence on the matter. Have a great day!