DRK DEX- The decentralized exchange on DRK Chain

DRK Chief Editor
DRK DeFi
Published in
2 min readJun 2, 2020

We are excited to announce that the first Decentralized Exchange built on the DRK Chain has been completed. This is an essential product in the DeFi ecosystem built on the DRK Chain. DRK DEX is built based on important factors such as smart contracts’ automation characteristic, information transparency on DRK Chain and absolute security for user assets.

This article will inform the community of the first images and information about DRK DEX.

SPECIAL FEATURES OF DRK DEX

Preserving simplification in the operation and user experience, yet the complexity in the underlying technologies is the guideline for DRK team when building DeFi products on DRK Chain. Let’s take a look at some of the features of DRK DEX:

  • DRK DEX operates entirely on DRK Smart contract without any human intervention in the user’s transaction process.
  • Transaction speed, user operation are guaranteed with the exchange’s ability to process transactions corresponding to the performance of DRK Chain.
  • Link Metamask accounts and start trading without any further action required.
  • Cross-chain ensures the ability to link and process transactions between many different blockchains.
  • 0.1% transaction fee and anti-spam mechanism, charging 10DRK or 0.0001ETH for each order made.
  • Automatic deposit / withdrawal takes place on smart contracts, removing the need for human censorship.

OFFICIAL LAUNCH

DRK DEX will be officially put into operation and released to the community on 6 June, 2020. The first trading pair listed on DRK DEX is DRK/ETH. Users can deposit/withdraw DRK, ETH and start trading on the same day. Details of the DRK DEX access link and user instructions will soon be announced in the next few days.

WHAT’S AHEAD?

DRK DEX is a DeFi product belonging to the DRK ecosystem and operates independently of the project, which means more trading pairs of any cryptocurrency available on the market will be listed through the cross-chain protocol. In addition, DRK DEX is an early assistance for future projects using the DRC-99 token standard built on the DRK Chain platform. This is a promising beginning of the journey of DRK to conquer and lead the decentralized finance field in the future.

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DRK Chief Editor
DRK DeFi

Draken.tech — The Fourth Generation of Blockchain in Decentralized Finance