With the rapid growth cryptocurrencies over the last few years, the number of people showing interest in cryptocurrencies has expanded rapidly. In the initial stages of the crypto economic development, #centralized #exchanges were the more preferred option because they are easy to use, easy to access, and provide advanced trading functions such as margin trading, stop-loss, lending and others. However, these centralized systems are exposed to a number of risks such as security threats, unfair competition, danger of sanctions, political factors, and much more. Till date, the amount of stolen customer funds from centralized exchanges amounts to almost $500 million.
DEEX promises to solve this problem by building the world’s first #decentralized #exchange with functional benefits close to a centralized exchange, but without its permanent security threats and sanction risks.
What is Deex?
Deex is a decentralized cryptocurrency exchange preparing to launch in the near future. The exchange conducted a pre-sale and token sale in January 2018. As of January 16, 2018, the company’s token sale has raised over 4,000 ETH, with a total of 2.4 million deex tokens sold.
When the exchange launches, Deex plans to offer 10 cryptocurrencies available for trading, including bitcoin, Ethereum, and altcoins. The goal is to create a “reliable and convenient” platform where users can quickly trade cryptocurrencies using common fiat currency deposit methods available in their countries.
The long-term goal of Deex is to create more than just an exchange: the team wants to create an entire decentralized financial ecosystem.
The token sale for deex tokens began on January 10, 2018. A closed pre-sale took place towards the end of 2017.
The platform is actively in development by a Russia-based team.
Advantages of decentralized crypto exchanges
At the present moment there are two types of exchange platforms — centralized and decentralized. The main differences between them are the following:
Centralized Exchange: all the main decisions are made by one governing body (center) and all participants depend on these decisions and almost never can affect them. Participants must keep their funds in the Exchange’s wallets.
Decentralized Exchange: it does not have a single decision-making center by all issues. It provides all participants with equal conditions and provide a platform where they can trade directly with each other.
Decentralized Exchanges is a fairly new phenomenon in the cryptocurrency world where all participants have an equal rights and opportunity to take part in the management of the Exchange’s activities and to perform any operations of cryptocurrencies exchanging among themselves, holding money in a personal wallet but not in a third party’s wallets (as it realized in centralized Exchanges). Their very important advantage is the highest degree of #data #confidentiality. Decentralized exchanges are #BitShares, #OpenLedger, #RuDEX. However , one of the biggest advantage of decentralized cryptocurrency exchange is high performance and low transaction cost.
Deex Features and Benefits
The long-term goal of Deex is to create an entire decentralized financial ecosystem. That ecosystem includes all of the following features and benefits:
- Two factor authentication to give users enhanced security
- A built-in P2P messenger
- A decentralized, transparent blockchain fund called the Deex.fund
- The ability to restore accounts after losing access to your password
- High liquidity across a large number of trading pairs
- 24/7 technical support
- Hardware cryptowallet support for cold storage of cryptocurrencies and tokens
- Desktop and mobile applications for convenient trading
- Trading robots for automatic trading
- A platform where companies can safely conduct ICOs with the decentralized escrow toolkit from Descrow.org
- A platform for creating a decentralized, transparent blockchain system for cryptofund managed by Deex professional traders
- Cryptocurrency debit cards linked to users’ wallets on Deex for integration into fiat gateways
- An API for the integration of third party applications and services within the Deex platform
- A network of crypto ATMs where users can exchange fiat currency for cryptocurrency in the real world
Who’s Behind Deex?
Deex is led by Vladislav Sapozhnikov, the founder of Preprocessing Ltd and representative of Coinsbank in Russia. Other listed members of the team include Maya Zotova-Hess, Denis Soldatov, Yuri Milyukov, Andrey Girin, Ekaterina Tarasova, and Tatyana Maksimenko.
Deex Exchange ICO Conclusion
Deex is a decentralized exchange built on the BitShares 2.0 platform. The goal of the exchange is to avoid the problems related to centralized exchanges, including security threats, unfair competition, dangers of sanctions, political factors, and more.
The platform is scheduled to be developed between February and December 2018, with a fully functional decentralized ecosystem launching in late 2018 or early 2019. To learn more about Deex, visit online today at Deex.exchange.
For More Information-
Website: https://www.deex.exchange/
Email: info@deex.exchange
Facebook: https://www.facebook.com/groups/deex.exchange/
Telegram channel: https://t.me/deex_exchange_ru
Telegram chat: https://t.me/deexexchange
Instagram: https://www.instagram.com/the_deex/
Twitter: https://twitter.com/deex_exchange
Steemit: https://steemit.com/@deex
Medium: https://medium.com/@the_deex
My Profile: https://bitcointalk.org/index.php?action=profile;u=875873