Exonium Exchange
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Exonium Exchange

From CEX to DEX: The birth of tEXO 嘉库转移到去中心化交易所

Since 2019, Exonium was founded to propel cryptocurrency into mass adoption. 自2019年以来,嘉库的使命是推动加密货币大规模采用。

Distributed Ledger Technology (DLT) such as blockchain is the next big thing that will transform the operations of various industries, offering a plethora of benefits through decentralized networks, immutable transactions, and top-notch security.

Cryptocurrency exchanges are online platforms in which you can exchange one kind of digital asset for another based on the market value of the given assets.

However, cryptocurrency exchanges functioning in today’s market need to make optimum use of the massive potential that lies in blockchain technology.

Drawbacks of Existing Cryptocurrecy Exchanges (CEX & DEX)

  • Trust is required in CEX — Despite the advent of decentralization, many people prefer using centralized exchanges. This is ironic in the blockchain industry as it creates a possible single point of failure. Many CEX is still dominating the market pocketing a huge trading volume. There have been plenty of incidents of corruption, unfair trade practices, improper distribution of power, and control associated with centralized exchanges. CEX also suffer from frequent incidents of hacking, poor fund management, insider trading, market manipulation, Denial of Service attacks, unreliable customer support, sudden outage, and many more problems. Since they have the right to access the private keys of users, it leads to higher chances of swindling of funds without any chances of recovery. The infamous Mt.Gox hack is one of the many examples of a lack of safety in centralized exchanges due to the existence of a single point of failure.
  • Inefficient UI/UX — Decentralized exchanges (DEX) are not quite preferred or trading by users, as it does not cater to the needs of beginner traders. Decentralized exchanges also lacks customer support. On the other hand, professional traders do not want to use decentralized cryptocurrency exchanges as they are not satisfied with the speed of settling transactions and the absence of modern features such as margin trading and stop-loss orders.
  • Usage of native blockchains — The current decentralized exchanges operating in the market are confined to their native blockchains such as ETH and BSC. There are problems in executing cross-blockchain transactions involving the transfer of one digital currency to another. They instead use a cryptocurrency that can be exchanged by a user for his/her preferred currency. However, the project’s cryptocurrency is vulnerable to manipulation and fraud.

Expectation for the future of Cryptocurrency exchanges

The users in today’s market know that both centralized and decentralized exchanges are far from being perfect and have their own set of limitations. Hence, we are forced to come up with second-generation decentralized cryptocurrency exchanges at Exonium. Our objective is to be built on top of scalable blockchain networks that can also be seamlessly traded with other blockchain networks with the help of an open-source user interface for exchanging digital assets.

ExoniumDEX (tEXO) enhances liquidity and allows inter-exchange of all coins regardless of blockchain technology. Its main function is to be a one-stop DEX where all projects running on different networks can be inter-exchanged, achieved with the use of a unique oracle concept and bridging function. Thus, ExoniumDEX will provide significant liquidity to the DeFi space.

Tackling the issue of interoperability of different blockchains for different trades is the ExoniumOracle. It is an open-source, developer-friendly silo system that will convert blockchain data into the Ethereum-based format.

After the blockchain has gone through the ExoniumOracle, it is ported to ExoniumDEX via the ExoniumBridge. The latter is a smart contract that efficiently processes all information and data between ExoniumDEX and ExoniumOracle on-chain, and creates a binding contract between the two.

Hence, tEXO offers a lot of promise for users as they would have complete control over their respective digital assets and perform peer-to-peer transactions effortlessly without routing it through a central authority.

In the future, as the public’s interest in the usage of blockchain technology grows, users will want more control and security in their engagement with exchanges while holding various digital assets.

It promotes automated trading without levying trading fees (organisation profits) for users. There is a lack of incidents such as server downtime or a large scale hack. Since they are new to the evolving world of cryptocurrency, there lies a lot of undiscovered potentials. Hence new users will experience a learning curve and face issues relating to speed and liquidity. However, these trade-offs are with it for those traders who favor utmost security and privacy.

While CEXs enjoy the advantage of being a first-mover, they had more time in hand to accumulate more users and liquidity. Hence, DEXs are always chasing centralized exchanges in the current market.

The changing regulatory environment and customer sentiment would work to the advantage of DEX. DEX like tEXO fulfils the requirements of transparency as their code can be inspected anytime and are more secure as users remain in control of their respective wallets.

DEXs has the potential to fetch more liquidity, and become more interoperable by promoting cross-chain trading.

Although DEX will probably not completely replace centralized ones as a whole, both services will be part of the future and coexist with each other. Centralized cryptocurrency exchanges are better in compliance with regulations, providing technical support and implementation of banking services when compared to decentralized exchanges.

Decentralized exchanges such as tEXO will continue to rise in popularity in the future but it remains doubtful if they would match the scalability of centralized exchanges soon.

Exonium Transition to DEX

Since 2019, Exonium was founded to propel cryptocurrency into mass adoption. Merging the best of the centralised exchange ecosystem and the principles of social network platforms, the exchange aims to put the power back in the hands of the community by empowering and enabling traders. ExoniumDEX was conceptualised during the decentralised finance (DEFI) movement of 2019/2020. DEFI continues to reach a high level of user adoption and financial commitments. Total value locked in emerging projects like Uniswap, Sushiswap has achieved all-time high values of several billions in dollars. The value proposition of the blockchain and cryptocurrency space has never been more promising, filled with opportunities and solutions. A large part of the increase of participation in DEFI is due to the adoption of Uniswap/PancakeSwap as well as conceptual yield farming. However, existing AMM does come with certain limitations, which ExoniumDEX is positioned to solve and more.

ExoniumDEX developers come from a diverse group of DEFI projects, having launched several high profile and successful ones. With such experience, the developers have identified crucial problems that inhibit further growth in DEFI and blockchain adoption- that of the exclusiveness of DEFI in separate blockchains e.g Tron, Ethereum, Binance Smartchain, with close to zero interoperability and exchange between them on a easy to use unifying platform.

DeFi challenges the CeFi system by disempowering middlemen, and empowering everyday people via peer-to-peer transactions.

Decentralized finance is an unbundling of traditional finance. DeFi takes the key elements of the services provided by banks, exchanges and insurers today — like lending, borrowing and trading — and puts it in the hands of retail investors or the unbanked.

Synthetic assets are new primitives made possible by the maturation of Ethereum and the DeFi ecosystem. Synthetic assets represent open and global access to existing financial markets, itself an important primitive.

But cut deeper and you can see the innovation behind markets for anything. We can potentially use these primitives to construct novel, new financial markets that can fundamentally align incentives and change the way we live our lives.

Development for tEXO is currently in place and will be due to launch soon. Stay tuned for updates as we will be releasing a detailed documentation on this.

About Us

ExoniumDEX is developing a blockchain-based platform that aims to provide a bridge between synthetic assets and fiat money, cryptocurrencies, stocks and other financial instruments.

The recent expansion of DeFi projects brought multiple innovative platforms to the ecosystem but most projects are still centralized or governed by a small group of participants making it difficult to make a smooth integration with other platforms.

We aim to aggregate all current and future DeFi applications under the same ecosystem that can be managed in a decentralized way without unnecessary fragmentation. This approach will allow for quick development and a more efficient market for users.

DeFi protocols like tEXO are the future for savvy investors to mitigate regulatory risk in a world of uncertainty. CEX can always pause withdrawals and has control over your funds. With a DEX, you remain in full control.

The future of finance belongs to the people.

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诸如区块链之类的分布式账本技术(DLT)是将改变各个行业运营的下一件大事,它通过去中心化网络,不变的交易和一流的安全性提供了众多好处。
加密货币交换是在线平台,您可以在其中基于给定资产的市场价值将一种数字资产交换为另一种。

但是,在当今市场上运作的加密货币交易所需要充分利用区块链技术的巨大潜力。

现有加密货币交易所(CEX和DEX)的缺点

在中心化交易所(CEX)中,信任是必需的 — 尽管分散化的出现,许多人还是更喜欢使用中心化交易所交易。这在区块链行业具有讽刺意味,因为它可能造成单点故障。许多CEX仍在主导市场,获得巨大的交易量。发生了很多腐败事件,不公平的贸易行为,不当的权力分配以及与集中交易相关的控制。 CEX还经常遭受黑客攻击,资金管理不善,内幕交易,市场操纵,拒绝服务攻击,不可靠的客户支持,突然中断以及许多其他问题。由于他们有权访问用户的私钥,因此导致资金被骗的可能性更高,而没有任何恢复的机会。臭名昭著的Mt.Gox黑客是由于存在单个故障点而导致集中式交换缺乏安全性的众多示例之一。

不良的用户界面和体验- 分散式交换(DEX)并不是用户的首选或交易方式,因为它不能满足初学者的需求。去中心化交易所也缺乏客户支持。另一方面,专业交易者不希望使用分散式加密货币交易所,因为他们对结算速度不满意,并且对保证金交易和止损定单等现代功能不满意。

本机区块链的使用-目前市场上运行的去中心化交易所仅限于其本机区块链,如ETH和BSC。在执行涉及将一种数字货币转移到另一种数字货币的跨区块链交易时存在问题。相反,他们使用可以由用户兑换为他/她的首选货币的加密货币。但是,该项目的加密货币容易受到操纵和欺诈。

对加密货币交易所未来的期望

当今市场上的用户都知道,集中式和分散式交易都远非完美无缺,并且有自己的局限性。因此,嘉库提出第二代去中心化加密货币交易。嘉库的目标是建立在可扩展的区块链网络的基础上,借助开源的用户界面来交换数字资产,这些可扩展的区块链网络也可以与其他区块链网络进行无缝交易。

嘉库DEX(tEXO)增强了流动性,并且无论区块链技术如何,都允许所有代币相互交换。它的主要功能是成为一站式DEX,通过使用独特的Oracle概念和桥接功能,可以互换所有以太坊和非以太坊项目。因此,嘉库DEX将为DeFi空间提供大量流动性。

嘉库Oracle解决了针​​对不同行业的不同区块链的互操作性问题。这是一个开源,对开发人员友好的筒仓系统,它将区块链数据转换为基于以太坊的格式。

区块链通过嘉库Oracle之后,将通过嘉库Bridge移植到嘉库DEX。后者是一种智能合约,可以有效地处理嘉库DEX和嘉库Oracle链上的所有信息和数据,并在两者之间创建绑定合约。

因此,tEXO为用户提供了许多希望,因为他们将完全控制各自的数字资产并毫不费力地执行点对点交易,而无需通过中央机构进行路由。

将来,随着公众对使用区块链技术的兴趣不断增长,用户将希望在拥有各种数字资产的同时,与交易所进行互动时获得更多控制和安全性。

它促进了自动交易,而无需向用户收取交易费(组织利润)。缺少诸如服务器停机或大规模黑客攻击之类的事件。由于它们对于不断发展的加密货币世界来说是新事物,因此存在许多未发现的潜力。因此,新用户将经历学习曲线,并面临与速度和流动性有关的问题。但是,对于那些主张最大程度的安全性和私密性的交易者来说,这些折衷是随之而来的。

尽管CEX拥有先发优势,但他们有更多时间来积累更多的用户和流动性。因此,DEX在当前市场中一直在追求集中式交易所。

不断变化的监管环境和客户情绪将对DEX有利。像tEXO这样的DEX满足了透明性的要求,因为可以随时检查其代码,并且由于用户可以控制各自的钱包,因此更加安全。

DEX有潜力获取更多的流动性,并通过促进跨链交易而变得更具互操作性。
尽管DEX可能不会整体上完全取代集中式服务,但是这两种服务将成为未来的一部分并相互共存。与分散式交易所相比,集中式加密货币交易所更好地符合法规要求,可提供技术支持和银行服务实施。

诸如tEXO之类的去中心化交易所在未来将继续流行,但是仍然怀疑它们是否会很快与集中式交易所的可扩展性相匹配。

tEXO的开发目前已经到位,并将很快推出。该团队还正在研究在区块链上添加新功能和基础架构,例如合成资产。请随时关注更新,因为我们将发布有关此内容的详细文档。

嘉库DEX — tEXO

嘉库DEX $tEXO 是下一代强大的去中心化应用,支持基于各种生态系统的项目。我们充当现代化的超级去中心化应用,您可以在其中使用各种区块链协议。

嘉库DEX ($tEXO) 具有全面的可互操作的分散式金融解决方案,旨在集成来自不同区块链协议的项目,以在 嘉库DEX ($tEXO) 内实现可互操作的分散式金融生态系统。

去中心化应用程序正在取得巨大进展,但当前的区块链生态系统尚未准备好根据需求进行扩展。在我们瞄准主流用户的大规模采用之前,需要解决区块确认缓慢和天然气费高的问题。最重要的是,它需要出色的用户体验。我们旨在通过简化用户与去中心化世界之间的互动来改变这种状况。我们希望与分散式生态系统的交互变得如此轻松,以至于任何人都可以这样做而不必担心底层系统的复杂性。

嘉库DEX正在开发基于区块链的平台,旨在在合成资产与法定货币,加密货币,股票和其他金融工具之间架起桥梁。

DeFi项目的最新扩展为生态系统带来了多个创新平台,但是大多数项目仍处于集中或由一小部分参与者支配的状况,因此很难与其他平台顺利集成。
我们的目标是将所有当前和将来的DeFi应用程序聚合在同一个生态系统中,并且可以以分散的方式进行管理,而不会造成不必要的分散。这种方法将为用户带来快速的发展和更有效的市场。

像tEXO这样的DeFi协议是精明的投资者在不确定性世界中减轻监管风险的未来。 CEX始终可以暂停取款并控制您的资金。使用DEX,您可以完全控制。
金融的未来属于人民。

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Exonium

Exonium

ExoniumDEX is a decentralised exchange designed to be a unifying exchange of all coins through a unique oracle concept and bridging function.