Exonium Exchange
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Exonium Exchange

tEXO — New Generation of Decentralized Exchange tEXO-新一代去中心化交易所

ExoniumDEX enhances liquidity and allows inter-exchange of all coins regardless of blockchain technology. ExoniumDEX增强资金流动性,并允许所有区块链技术的加密货币相互交换。

tEXO — New Generation of Decentralized Exchange | Exonium

The year 2020 will be remembered for the massive growth of DeFi or decentralized finance. Even the global Covid-19 pandemic could not dampen the growth of this financial technology, which is tapped to be the future of the financial services industry.

Some of the exciting DeFi developments that materialized in the past 10 months include decentralized exchange protocols like UNISWAP, decentralized credit platforms like MakerDAO, decentralized investment platforms, non-custodial trading platforms, and yield farming.

The total value locked in these emerging projects are in several billions of dollars — as of November 2020, the value of the DeFi market was at US$13 billion, and counting.

As DeFi grows in value, the value proposition of blockchain technology and cryptocurrency expands with it too.

Retaining Custody on Decentralized Exchanges

Decentralized exchanges (DEX) emerged when users of centralized exchanges (CEX) started looking for alternatives to the latter.

They wanted to skip the hassle of sign-ups for an account, and depositing crypto funds before trades can happen. They wanted a trustless environment to carry out their transactions while retaining custody of their funds so that they can have full control over their digital assets.

DEXs were developed so that users could trade peer-to-peer, in a decentralized and trustless manner.

The permissionless trades are facilitated by smart contracts built on blockchain technology, and funds are transferred directly from wallet to wallet. All users require is their own Web 3.0 compliant crypto wallet to send and receive cryptocurrencies, and they are good to begin trading.

Most DEXs are propelled by the Ethereum protocol. Thus users are able to trade or swap ERC20 tokens easily and safely without the need for an account or a deposit.

Additionally, DEXs allow the trade of tokens that are not listed on centralized exchanges, as long as there is demand and supply for these tokens.

For users who want to earn more outside of trading, they have the option of providing tokens into liquidity pools without the need for huge fees and long delays experienced on centralized exchanges.

Areas Overlooked in Fast Growth

In the rapid development of decentralized exchanges, some areas of operation and feasibility were overlooked.

DEXs are limited by issues such as the ease of use, the type of assets or tokens available for trade, multiple blockchains used for different transactions, and the available liquidity on the exchange.

As DEXs are niche in the tokens that are available for trade, the liquidity available for these tokens may not be as good as centralized exchanges. In such cases, sellers will have a more difficult time finding someone who wants to trade in the chosen token pairing or even trade at a fair price.

Thus users who are new to decentralized exchanges may find the environment challenging especially if it is the first time they are trading cryptocurrency by using non-custodial crypto wallets.

Improved Functions on ExoniumDEX

With these challenges in mind, the ExoniumDEX was developed. It is a decentralized exchange built on top of Ethereum.

Its main function is to be a one-stop DEX where all Ethereum and non-Ethereum projects 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.

ExoniumBridge is an open-source smart contract that will be released together with ExoniumOracle in Q1 of 2021.

Trading on ExoniumDEX

The demand for Ethereum-based decentralized exchanges are best explained by the success of UNISWAP — their millions of users have clearly indicated their preference for a simple, unified platform that can link directly to Web 3.0 compliant crypto wallet.

ExoniumDEX continues to leverage these same effects by developing further on the UNISWAP DEX model.

Thus users of ExoniumDEX will continue to find the same concepts of ERC20 tokens, swap mechanisms, liquidity pools, and fee structure present.

The governance token of ExoniumDEX will be tEXO. An ERC20 token, its utility will be derived from the incentive for liquidity pool providers, which is based on market demand and supply as well as the ecosystem of the exchange.

Holders of tEXO will be able to vote in the decentralized process of ExoniumDEX, and qualify for a share of additional transaction fees from swaps within ExoniumDEX as well as of fees from the use of the ExoniumDEX network.

The ExoniumDEX is slated for launch in Q4 of 2020. To keep updated, follow us on our social media platforms.

ExoniumDEX Website: https://www.dex.exonium.one
Old Exonium CEX Website: https://exonium.one/e/home
Twitter: https://twitter.com/ExoniumDex
Telegram: https://t.me/exoniumofficial

DeFi或去中心化金融在2020年大规模增长。甚至全球Covid-19大流行也无法抑制这种金融技术的增长,这被认为是金融服务行业的未来。

在过去10个月中,DeFi令人兴奋的一些发展包括UNISWAP等去中心化交易所,MakerDAO等去中心化信贷平台,去中心化投资平台,非托管交易平台以及收益农业。

这些新兴项目的总价值达到数十亿美元,截至2020年11月,DeFi市场的价值为130亿美元,而且还在继续增长。

随着DeFi价值的增长,区块链技术和加密货币的价值主张也随之扩展。

分散交易所的保管

当集中式交易所(CEX)的用户开始寻找后者的替代平台时,就出现了分散式交易所(DEX)。
用户想跳过开设帐户的麻烦,并在交易发生之前存入加密资金。他们希望在一个自动化的环境下进行交易,同时保留对资金的保管,以便他们可以完全控制其数字资产。

基于区块链技术的智能合约促进了自动化的交易,资金直接从钱包转移到钱包。所有用户只需要使用自己的Web3加密钱包来发送,接收和交易加密货币。 大多数DEX是由以太坊协议推动的。因此,用户能够轻松,安全地交易ERC20货币。 另外,只要有这些货币的需求和供给,DEX允许未在集中式交易所上市的货币交易。对于希望从交易中赚取更多收益的用户,他们可以选择将代币提供到流动性池中,而无需支付巨额费用,也无需在集中交易中经历长时间的拖延。

快速增长中被忽视的领域
在去中心化交易所的快速发展中,人们忽略了某些操作领域和可行性。

DEX受到诸如易用性,可用于交易的资产或代币的类型,用于不同交易的多个区块链以及交易所可用流动性等问题的限制。由于DEX是可用于交易的代币中的小众市场,因此这些代币可利用的流动性可能不如集中交易那么好。在这种情况下,卖方将很难找到想要以所选代币配对进行交易甚至要以公平价格进行交易的人。

因此,不熟悉去中心化交易所的用户可能会发现环境具有挑战性,特别是如果这是他们首次使用非托管式加密钱包交易加密货币时。

ExoniumDEX的改进功能
考虑到这些挑战,嘉库开发了ExoniumDEX。它是建立在以太坊之上的去中心化交易所。ExoniumDEX的主要功能是成为一站式DEX,通过使用独特的价格预言(Oracle)概念和桥接功能可以实现所有以太坊和非以太坊项目之间的相互交换。因此,ExoniumDEX将为DeFi空间提供大量流动性。

ExoniumOracle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ExoniumOracle之后,将通过ExoniumBridge移植到ExoniumDEX。后者是一种智能合约,可以有效地处理ExoniumDEX和ExoniumOracle链上的所有信息和数据,并在两者之间创建绑定合约。ExoniumBridge是一个开源智能合约,将于2021年第一季度与ExoniumOracle一起发布。

在ExoniumDEX上交易
UNISWAP的成功可以很好地说明对基于以太坊的去中心化交易所的需求-Uniswap数百万的用户清楚地表明了用户对简单,统一的平台的偏好,平台可以直接链接到符合Web 3.0的加密钱包。通过进一步开发UNISWAP DEX模型,ExoniumDEX继续利用这些相同的效果。因此,ExoniumDEX的用户将继续找到与ERC20代币,交易机制,流动性池和费用结构相同的概念。ExoniumDEX的管理代币将为tEXO, 鼓励流动资金池提供者,该激励基于市场需求和供应以及交易所的生态系统。tEXO代币持有者将能够在ExoniumDEX的去中心化过程中进行投票,并有资格从ExoniumDEX内交易以及使用ExoniumDEX网络获得的费用中分享一部分。ExoniumDEX计划于2020年第四季度发布。请在我们的社交媒体平台上关注我们。

ExoniumDEX网站:https://www.dex.exonium.one
旧的嘉库网站:https://exonium.one/e/home
推特:https://twitter.com/ExoniumDex
电报:https://t.me/exoniumofficial

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