Most of the people are so ignorant about the cryptocurrencies that they think it will vanish soon. No. They are absolutely wrong. Since the introduction of bitcoin in 2009, the number of investors and traders have gradually increased. Of course, you cannot deny the fact that the value of BTC is volatile, especially over the past two years. But, 2017 can be considered as a great year for the cryptocurrencies as some countries have started accepting the crypto companies legally. Recently, Telegram (a popular messaging app similar to Whatsapp) has announced that it will be introducing its own cryptocurrency soon. Who knows? We may hear a similar announcement from social networking media like Facebook, Twitter etc in the near future.
How will you buy the cryptocurrencies like bitcoin? You cannot buy a bitcoin and keep it in your home like Gold or Silver because they are virtual currencies. You may not be able to buy a BTC or Ether from traditional exchange markets or OTC exchanges because the cryptocurrencies are still unregulated and not considered as a tradable asset by many countries including US. So, the only available option to buy bitcoin or other digital currencies is through the cryptocurrency based exchanges. Basically, there are two types of exchanges available which are given below:
Centralized exchanges – In this type of exchange, the participants cannot make much contribution to the decision making is handled by one single body. But centralized exchanges are easy to use and provides many advanced trading options. Popular exchanges like Poloniex, Kraken, BitFinex fall under this category. The only drawback is that the participants need to keep their funds in the wallets of the exchanges.
Decentralized exchanges – This type of exchanges are new and slowly emerging as an alternative to centralized systems. In decentralized exchanges, every participant has equal right in the decision-making process. Also, they can keep their money in their personal wallets which will provide a high level of security when compared with centralized exchanges.
DEEX is one such decentralized cryptocurrency exchange which is under development. The main objective of DEEX is to erase the line between the real and the digital world by developing an efficient crypto exchange that can be used globally. Given below are the main features of DEEX:
- Developing a safe platform for conducting ICOs
- Buy, Sell or Trade any type of cryptocurrency easily
- Crypto debit cards that can be linked to user’s wallets as well as integration with fiat currency gateways
- Creation of Crypto ATMs to buy/sell cryptocurrencies using fiat money
- API for third-party applications to integrate with DEEX
To read more information about DEEX, visit their official whitepaper https://deex.exchange/docs/DEEX_wp-2.0_eng.pdf
The first stage of DEEX will be built on the existing BitShares exchange engine. BitShares is basically a decentralized platform based on the blockchain technology that allows to create efficient smart contract for providing any kind of financial service. To motivate the existing as well as new participants, DEEX offers a multi-level referral rewards program.
Kindly visit https://deex.exchange/ to learn the latest information about the ICO and token sale event and join the Telegram group.