Newdex is a decentralized trading platform which is very safe and transparent as far digital assets transactions are concerned. This article is mainly to elucidate Newdex's safety and transparency measures which will be seen in its Characteristics,Technical Innovations and as well as its Operating Mechanisms. Newdex exchange has recently launched the 'cross chain deposit and withdrawal functions' as well as the swap functions, this is to proof that Newdex really has the goal of creating a new generation of decentralized trading. Decentralized exchanges are safer as all transactions are on-chain, no risk of manipulation and users take full control of their digital assets. The Good news is Newdex exchange now supports Cross-chain deposit and withdrawal functions and records are transparent and verifiable on-chain as they are checked, matched and settled on EOS chain.
The exchange has also launched two new trading pairs ETH/USDT and BTC/USDT so users can now deposit BTC, USDT, ETH (ER20) and other assets on the platform. Newdex has just launched the Newdex Swap which is an EOS version of Ethereum project called Uniswap. With Newdex Swap, traders trade automatically with the pool which makes the transaction quicker and easier. Users also benefit because if there is difference in price between the traditional order book DEX market price and Newdex Swap pool price, they can do arbitrage between the two and they can also make profits if they become the liquidity provider of the pool.
CHARACTERISTICS:
Newdex characteristics are as follows:
A) FOCUS ON LIQUIDITY/VARIOUS ACTIVITIES
-Lists token in time so that token-asset in user account can be quickly received.
-It enrich the lives of its users by organizing various activities.
-Newdex supports the free flow of various tokens.
B) TRUST WORTHY/HIGHLY SECURED
-Newdex has no access to the User's private key.
-Users retain full custody of their funds.
-The stealing of users assets are avoided.
-No misappropriation of assets.
-Capital flight is effected to enhance the security of users' asset.
C) CONVENIENT TRADING/RECEIVING IN REAL TIME
-Newdex do not fail to provide users with convenient operating experience.
-The trading account is decentralized with no registration.
-No deposit.
-No withdrawal
-Assets are received in real time as soon as the transaction is completed.
D) DATA ON CHAIN/ SAFE AND TRANSPARENT
-It avoids internal manipulation of Exchange.
-Relevant transaction of data is transparent.
-Uses block-chain technology to enable information to be checked on chain.
-It allows tamper-proof and real-time checks.
TECHNICAL INNOVATION
This has to do with the means in which ideas are activated into a productive process. Here, Newdex has some commendable technical innovations.
A) CODE SCANNING/ TRADING VIA WALLET
Newdex is the first Exchange platform in the world to successfully implement a seamless co-operation between exchange platform and wallet.
Newdex realized trading functions of code scanning for:
-Login
-Pending order
-Cancelling order etc.
B)TRADING VIA EMBEDDED WALLET
-Newdex is the first Exchange to launch "Embedded Exchange Platform".
-Newdex offers a one-stop service of token trading for users within wallet.
OPERATING MECHANISM:
Newdex defines its operating mechanism based on the following:
-Newdex (EOS VERSION) deployed the smart contract that has "matching and settlement on chain" as operating mechanism.
-Newdex (TRON VERSION): The Exchange adopted the operating mechanism which is "matching off chain and settlement on chain".
Newdex exchange is created for the development of decentralized trading that will lead to a revolutionization of global digital trading extensively in future, the exchange also strengthens major blockchains and strives to become the infrastructure of block-chain industry. The Cross-chain deposit and withdrawal functions as well as the Newdex Swap functions is the beginning of practical wonders Newdex has in stock for it's users.
Newdex/NewdexAfrica Official accounts:
Official Newdex Telegram: https://t.me/newdexchat
Hive: @newdex-io
Newdex Discord: https://ndx.myfreecrypto.org/
Website: https://www.newdex.io
NewdexAfrica Telegram: https://t.me/newdexafrica
Hive: @newdexafrica