DEEX is a unique decentralised ecosystem that is developed on the Bitshares 2.0 platform. Bitshares 2.0 got all functionalities of decentralized exchanges. DEEX opened it's door to everyone, be you a trader, an investor and even project CEOs. Amongst all, few of the features available on DEEX exchange is highlighted below:
- Capability to develop a transparent, effective and efficient decentralized Blockchain ecosystem.
- Ability to safely conduct ICOs sales for projects with aid of the escrow services and tools provided by DESCROW.org
- State of the art GUI (Graphic User Interface) on the platform to ensure smooth running of the platform without any support irrespective whether you are a rofessional trader of newbie.
- Access to API to ease trading on the DEEX account from a third party ecosystem.
- Development of a network that permits digital asset transactions with ATM, which is accepted by the financial bodies (banks).
Aside the highlighted features of the DEEX platform, I will like to give a SWOT Analysis based on personal research.
S - THE STRENGTH
The strength of DEEX platform explains the stronghold of the platform in the financial system and cryptoworld. DEEX Strength can be witnessed in the following:
Highly responsive technical support team, which is readily available 24/7 to attend to client's need. Another uniqueness observed with the support team is that over 30 languages is available for clients to be attended to, thereby cutting off language barrier from the ecosystem.
DEEX is built upon the decentralized innovation available in blockchain that permits Peer-to-Peer messenger encryption, digital asset debit cards, iOS and Android apps for easy access to the platform, trading robot, et-cetera.
To be a state of the art platform in recent innovation, DEEX inegrate the BitShares 2.0 technology on their platform, which is very effective, efficient, transparent and very secured. BitShares 2.0 offers a beneficial power to DEEX platform to trade over 100,000 transactions per second, trading in digital assets with stable prices, the likes of Smartcoin.
DEEX brings comfortability to all users as they trade on the platform. Security on the exchange is.second to none, thus users trade conveniently with any issue, as making profit on the platform isn't a thought but a reality.
With top ten (10) cryptocurrencies available on the the platform, the likes of Bitcoin and Ethereum, trading on the DEEX in super fast (buy and sell). The interface is built such that even a newbie can access it without sweating.
W - THE WEAKNESS
As a platform that operates solely an on-chain technology, it implies that off-chain clients cannot access as well as trade on the platform. Congestion in the network is also a major issue as it results to delayed confirmation of transactions.
O - AVAILABLE OPPORTUNITIES
DEEX beats every other exchanges by integrating fiat to cryptocurrency trading pairs on their platform. This allow clients trade directly with fiat thereby eradicating the worries of converting fiat to Bitcoin or Ethereum before commencing trades and vice versa. This opportunity helps to attract more users to the DEEX platform.
T - THREAT
Decentralization is loaded with uncertainty, which is a major threat to the platform. Regulatory bodies could change regulation at ease, which will always affect the operation of the platform.
For more info, kindly go through any of the following channels:
Website: https://www.deex.exchange
Whitepaper: https://deex.exchange/docs/DEEX_wp_eng.pdf
Telegram: https://t.me/deex_exchange
YouTube:https://www.youtube.com/channel/UC5oYUk9QC4kbM5ZBpodOUcQ
Writer's Name: Sandus_Cryptolover
BitcoinTalk URL: https://bitcointalk.org/index.php?action=profile;u=1983730
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