Thore Network
Apr 2, 2018 · 4 min read

Thore Exchange

Thore Exchange

Thore is coming with Own Decentralized exchange “Thore exchange” A decentralized exchange is an exchange market that does not rely on a 3rd party service to hold the customer’s funds. Instead, trades occur directly between users (peer to peer) through an automated process. This system can be achieved by creating proxy tokens (crypto assets that represent a certain fiat (#Thorecash- crypto currency) or assets (that can represent shares in a company for example #ThoreCoin) through a decentralized multi-signature system (Metamask), among other solutions that are currently being developed ( Final Blueprint in month of May 2018)

This system contrasts with the current centralized model in which users deposit their funds and the exchange issues an IOU that can be freely traded on the platform. When a user asks to withdraw his funds, these are converted back into the cryptocurrency they represent and sent to their owner.

“Centralization of resources — I think of it as a big carrot dangling

The most obvious benefit to using a decentralized exchange over a centralized one is their “trustless” nature. You are not required to trust the security or honesty of the exchange since the funds are held by you in your personal wallet and not by a third party.

Another advantage to the decentralized model is the privacy it provides. Users are not required to disclose their personal details to anyone, except if the exchange method involves bank transfers, in which case your identity is revealed only to the person that is selling or buying from you.

Furthermore, the hosting of decentralized exchanges is distributed through nodes meaning that there is no risk of server downtime.

Thorecoin Thorecash List of exchanges

#THR is available for Trading @

#Etherdelta
#ForkDelta
#Tokenstore
#CobinHood
#Wandx
#0x***
#Dex*

  • * Trial Trading executed — P2P its Live — Announcement June 2018
  • *** Trial Trading in coming months
  • * Binance & Lykke confirmed

HitBtc under Review (we are under review😂-Announcement July 2018

CoinBase Announced ERC20 Support — Potential — Too early to comment

#THE Thore exchange New Updates

  • The only fee #THE ever charges is the conversion fee that users pay for the convenience of charging their contactless balance. There are no trading fees or withdrawal/deposit fees for traders whatsoever.
  • #THE is working on a premium hybrid exchange that incorporates a decentralized ledger within its proprietary centralized platform. It’s expected that THORE Exchange will bring large-scale crypto trading to a level of quality and transparency that has never been seen yet.
  • “The protocol itself is a semi-decentralized order matching protocol. Incoming orders and transactions are encrypted, timestamped and stored in a Blockchain, while order matching is made off-chain the decentralization of orders and transactions information allows for transparent price formation, transaction auditability and zero front-running. Centralization of order pooling and order matching leads to efficiency and scalability, bypassing current Blockchain limitations.

No Signups

No Deposits

No Withdrawals

Off-Chain Orderbook

Interoperable

Wallet Integration

+

#THE combines features of both centralized and decentralized architectures in order to exploit the best of both worlds: USD/EUR Support+ strong authentication, simplicity, as well as transparency and fairness.

+ Market Maker

Ledger, Metamask, Parity, Mist

#THE will allow Clients and Traders to agree and organise payment in any #THR ERC-20 compliant token — Thorecash is our fuel & currency As crypto tokens, these can be freely exchanged for other cryptocurrencies, or cashed out to fiat.

  1. We are going to build an ‘exchange factory’ smart contract that will allow any #THE user to instantiate one or more exchange contracts between ETH and any ERC20 compatible token, and manage the funds, volumes and rates themselves. A very basic fee will be applied to any trade. (We are currently discussing the fee amount and calculation formula.) It will be distributed via the rewards contract #THE Token
  2. Hardware wallet support Trade from direct ur wallet

Thore exchange is based on Waves Asset Exchange, one that will allow users to trade assets (including asset-to-asset exchange), fiat tokens, and cryptocurrencies. The DEX exchange will allow users to trade cryptocurrencies directly from wallet

www.thorecoin.com

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