Over the years even without full mainstream adoption, blockchain technology has disrupted several sectors, especially our financial sector. It is old news to state that, the world is turning digital. Cryptocurrencies hinged on the blockchain as the core technology has some unique features but not limited to ; easy traceability of transactions, transaction records can not be altered, faster speed of transactions and removal of third parties since smart contracts are being used.
From time immemorial, exchanges sprouted as a result of need for trading these digital assets. The big exchanges like Bittrex, Kucoin, Binance, Bitfinex, Huobi, Okex etc have tried a great deal to ensure trading of cryptocurrencies but there exist so many drawbacks which need immediate amelioration.
Existing centralized system of exchanges pose some major loopholes ranging from security issues, trading manipulations, and high trading and withdrawal fees. Other general problems include slow speed of transaction, long server down times, complicated user interface and poor customer service. A team of crypto enthusiasts who have great experience in digital assets enacted an outstanding revamped exchange, solely decentralized called Dexage.
Dexage promises to ensure high level security of users' funds, hence traders can be rest assured their funds are safe. Trading and withdrawal exchange fees when using this exchange will be almost insignificant since it is highly user-centric , rather than in profit maximization. More to this, we usually have huge requirements when it comes to obtaining loans from the bank. Dexage will curb this issue by provided crypto-lending services. This aspect will be explained in this article.
What features make Dexage unique?
There are some core features which make Dexage mind-blowing. Three of these features will be explained in the following paragraphs.
Peer -2- Peer crypto to crypto exchange:
Smart contracts utilization will aid in executing peer-to-peer transactions between users trading on Dexage. The community will be able to authenticate trading using private key and other means as specified by Dexage. Firstly, for a user to carry out transactions on Dexage , one needs to import personal wallet, next will be to deposit funds from personal to Dexage wallet, Since its fully decentralized, user funds can not be accessed by Dexage hence giving the user total control. The Dexage platform will only ensure required amount are in both party's wallets before matching the trade automatically. This will take place swiftly without hassle.Peer- 2 - Peer FIAT to Cryptocurrency Exchange:
Aside trading in cryptocurrencies, traders can exchange FIAT currency with cryptocurrencies in Dexage. This can be done by users placing advert in the system, and Dexage matching trades between users in a secured fashion, without third party intervention.
Smart contracts being in place will ensure safe and trustworthy transactions.Peer - 2- Peer Cryptocurrency - Lending :
The Dexage promises a second to none peer to peer loan service by using crypto assets as collateral security to obtain laons from Dexage. Dexage official token, DXG will have a great role in this functionality. It is a superb step taking towards mainstream cryptocurrency adoption by Dexage team, making the project outstanding. Borrowers and lenders can make use of credibility score from user profile's trading history to know if a user is trustworthy or not before executing loans.
DXG Tokens
DXG is the official tokens for the entire Dexage ecosystem. DXG will aid in boosting the entire ecosystem based on its use cases.
DXG will be used for making payments, purpose of staking, casting votes, used as collateral security, in Dexage ecosystem.
Ensure you visit the links below to get more insight and updates on Dexage
Website : https://dexage.io
Whitepaper : https://dexage.io/ico/files/white-paper.pdf
Telegram : https://t.me/dexage
Twitter : https://twitter.com/dexagetech
Writer
Divine Okoye