In Previous my article I talked extensively about the centralized exchanges what it offers and the huge disadvantages as well, I am sure if you read my previous article HERE, you would have leant a bit about that centralized exchange you use all the time, and therefore appreciate what the deex exchange platform is aiming to bring to the crypto world. As I also said in my previous article, the deex exchange works with the functionality of bitshares 2.0
Dealing with The Bitshare platform leaves the Deex exchange with several advantages which includes:-
• Decentralization is offered by the deex exchange with several advantages which will be mentioned in this very article
• An exchange is meant to be able to transact several transactions at a go, if it is to do well in the crypto space it has to be able to transact a lot of tps. With bitshares up to after 100,000 transactions per second can be easily carried out.
• Low cost transactions
• The use of the DPOS consensus algorithm:- This consensus mechanism is used here because with it, stablility and flexibility is assured. The Dpos consensus algorithm has the fastest , most flexible and most efficient consensus algorithm. It also functions well when it comes to decentralization.
《FUNCTIONALITY OF THE DEEX EXCHANGE》
• On the deex exchange secure wallets are used by the users to transfer funds with low transaction costs
• Coins and tokens can easily be traded on the deex decentralized exchange
• There is room for creating ones own cryptocurrency asset and also trade them on the deex exchange
• Buy tokens from various investors and also reap profit from those tokens purchases and holding
• Give the best security, speed and efficiency on the network through the adopted DPOS consensus algorithm
• Availability of escrow services
• Payments can be made through unique mediums which helps to transfer money between various exchanges for fiat funds
These points stated above are the functionalities that are possessed by the deex exchange platform, and this functionalities brought about several《 ADVANTAGES 》 which includes;
A platform where icos can conduct their dealings safely,the deex experts will be responsible for carrying out proper research and analysis , marketing and help the ico do the best it can do during its sales
The deex platform is very decentralized and as a result it is very transparent as well. Users can rest easy and monitor every single dealing of the deex platform on the blockchain
Availability of debit card to wallet owners on the deex platform to help smoothen transactions between cryptocurrency andfiat currencies
Third party applications can be integrated with the deex platform.
Various enormous needs from huge investors of the crypto market will be met by the deex exchange platform
A friendly platform that can also meet the needs of people that are new to cryptocurrency
Enough liquidity to ensure that this huge investors and traders do not lose interest as a result of low trades volume suffered by other decentralized exchanges
There will also be an existence of mobile apps on bought the Ios and android platform for the deex users
A desktop app for trading will be built by the deex platformA 24hour 7 days a week support system to meet the needs, issues and enquires of the exchange users
Availability of several trading pairs across several coins and tokens
Lost passwords on the deex exchange can be recovered just like it can on most exchanges
Provision for 2 factor authentication to enhance security of the usersLow charges are charged by the deex exchange platform when transactions are carried out
Lots of funds are paid out to participants who participates in the referral programAvailability of hardware wallet to store assets of users in cold wallets to also enhance security.
This is as far as I go for now on my quest on enlightening my viewers on the deex exchange platform, in my next article I will talk about the future plans of the deex exchange and also the important deex token, do stay tuned for more.
You may also visit then links for more deex informations
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NAME :- IYKE
BTT USERNAME :- IYKE12
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